At the time of writing, Beacon Roofing Supply Inc [BECN] stock is trading at $90.65, up 0.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The BECN shares have gain 4.93% over the last week, with a monthly amount drifted -10.39%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Beacon Roofing Supply Inc [NASDAQ: BECN] stock has seen the most recent analyst activity on April 18, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $135. Previously, Robert W. Baird upgraded its rating to Outperform on February 29, 2024, and elevated its price target to $115. On January 08, 2024, upgrade upgraded it’s rating to Outperform. JP Morgan upgraded its rating to a Overweight and increased its price target to $103 on December 14, 2023. RBC Capital Mkts upgraded its rating to a Outperform and raised its price target to $94 on October 05, 2023. Robert W. Baird downgraded its rating to Neutral for this stock on October 14, 2022, and downed its price target to $65. In a note dated August 18, 2022, Deutsche Bank initiated an Buy rating and provided a target price of $90 on this stock.
For the past year, the stock price of Beacon Roofing Supply Inc fluctuated between $68.50 and $105.42. Currently, Wall Street analysts expect the stock to reach $87.2 within the next 12 months. Beacon Roofing Supply Inc [NASDAQ: BECN] shares were valued at $90.65 at the most recent close of the market. An investor can expect a potential drop of -3.81% based on the average BECN price forecast.
Analyzing the BECN fundamentals
According to Beacon Roofing Supply Inc [NASDAQ:BECN], the company’s sales were 9.47B for trailing twelve months, which represents an 6.83% jump. 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 -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.49.
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 89.72 points at the first support level, and at 88.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.20, and for the 2nd resistance point, it is at 93.74.
Ratios To Look Out For
It is important to note that Beacon Roofing Supply Inc [NASDAQ:BECN] has a current ratio of 1.90. On the other hand, the Quick Ratio is 1.09, and the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 0.59, the price to book ratio is 3.20.
Transactions by insiders
Recent insider trading involved Gandhi Prithvi, EVP & CFO, that happened on Aug 07 ’24 when 5000.0 shares were purchased. EVP & CTO, Nelson Christopher Carl completed a deal on Aug 02 ’24 to sell 1627.0 shares. Meanwhile, Officer CHRISTOPHER NELSON bought 1627.0 shares on Aug 02 ’24.
