A share price of Beacon Roofing Supply Inc [BECN] is currently trading at $92.70, up 4.95%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BECN shares have gain 7.33% over the last week, with a monthly amount glided 8.96%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 8, March 2024, Beacon Launches Fourth Annual Campaign Recognizing Female Roofing Professionals. In a post published today on Yahoo Finance, Opens Nominations for 2024 North American Female Roofing Professional of the Year.
From an analyst’s perspective:
Beacon Roofing Supply Inc [NASDAQ: BECN] stock has seen the most recent analyst activity on February 29, 2024, when Robert W. Baird upgraded its rating to a Outperform and also boosted its price target to $115 from $99. Previously, William Blair upgraded its rating to Outperform on January 08, 2024. On December 14, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $103 on the stock. RBC Capital Mkts upgraded its rating to a Outperform and increased its price target to $94 on October 05, 2023. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $65 on October 14, 2022. Deutsche Bank started tracking with a Buy rating for this stock on August 18, 2022, and assigned it a price target of $90. In a note dated July 19, 2022, William Blair downgraded an Mkt Perform rating on this stock.
Beacon Roofing Supply Inc experienced fluctuations in its stock price throughout the past year between $54.60 and $90.62. Currently, Wall Street analysts expect the stock to reach $75.5 within the next 12 months. Beacon Roofing Supply Inc [NASDAQ: BECN] shares were valued at $92.70 at the most recent close of the market. An investor can expect a potential drop of -18.55% based on the average BECN price forecast.
Analyzing the BECN fundamentals
Trailing Twelve Months sales for Beacon Roofing Supply Inc [NASDAQ:BECN] were 9.12B which represents 16.76% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.19 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 89.79 points at the first support level, and at 86.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.21, and for the 2nd resistance point, it is at 95.72.
Beacon Roofing Supply Inc [BECN] reported earnings per share of $1.71 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.66/share, meaning a difference of $0.05 and a surprise factor of 3.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.84 per share as compared to estimates of $2.61 per share, a difference of $0.23 representing a surprise of 8.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Beacon Roofing Supply Inc [NASDAQ:BECN] is 1.85. Further, the Quick Ratio stands at 1.06, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 3.22.
Transactions by insiders
Recent insider trading involved Taylor Jason L, President, West Division, that happened on Dec 20 ’23 when 1806.0 shares were sold. President, West Division, Taylor Jason L completed a deal on Dec 14 ’23 to sell 1806.0 shares. Meanwhile, President, North/Canada Div. Gosa James J sold 2250.0 shares on Dec 11 ’23.
