Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) have been given an average rating of “Hold” by the nine analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $49.86.

Several brokerages recently commented on BECN. Royal Bank Of Canada reduced their price objective on shares of Beacon Roofing Supply from $58.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. BidaskClub cut shares of Beacon Roofing Supply from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Wedbush reiterated a “neutral” rating and issued a $47.00 price objective on shares of Beacon Roofing Supply in a research note on Wednesday, May 31st. Zacks Investment Research cut shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $52.00 price objective (up previously from $48.00) on shares of Beacon Roofing Supply in a research note on Thursday, May 11th.

A number of institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Beacon Roofing Supply during the second quarter worth about $100,000. Advisors Asset Management Inc. boosted its position in shares of Beacon Roofing Supply by 36.7% in the second quarter. Advisors Asset Management Inc. now owns 2,105 shares of the company’s stock worth $103,000 after buying an additional 565 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Beacon Roofing Supply by 2,200.0% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,300 shares of the company’s stock worth $114,000 after buying an additional 2,200 shares during the last quarter. Lloyds Banking Group plc acquired a new position in shares of Beacon Roofing Supply during the first quarter worth about $131,000. Finally, Huntington National Bank boosted its position in shares of Beacon Roofing Supply by 3.8% in the second quarter. Huntington National Bank now owns 3,138 shares of the company’s stock worth $154,000 after buying an additional 116 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: “Beacon Roofing Supply, Inc. (BECN) Given Consensus Rating of “Hold” by Brokerages” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/12/beacon-roofing-supply-inc-becn-given-consensus-rating-of-hold-by-brokerages.html.

Shares of Beacon Roofing Supply (NASDAQ:BECN) traded down 0.40% on Friday, hitting $41.86. 470,091 shares of the company’s stock were exchanged. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 24.86 and a beta of 1.32. The company’s 50-day moving average price is $46.78 and its 200 day moving average price is $47.69. Beacon Roofing Supply has a 12-month low of $39.50 and a 12-month high of $52.12.

Beacon Roofing Supply (NASDAQ:BECN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.06. Beacon Roofing Supply had a net margin of 2.42% and a return on equity of 9.55%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities analysts predict that Beacon Roofing Supply will post $2.20 earnings per share for the current fiscal year.

Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.

Analyst Recommendations for Beacon Roofing Supply (NASDAQ:BECN)

Receive News & Ratings for Beacon Roofing Supply Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beacon Roofing Supply Inc. and related companies with MarketBeat.com's FREE daily email newsletter.