A share price of Beacon Roofing Supply Inc [BECN] is currently trading at $105.44, up 3.27%. 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 2.77% over the last week, with a monthly amount drifted -3.13%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, The Benchmark Company started tracking the stock with Buy rating on April 18, 2024, and set its price target to $135. On February 29, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $115 on the stock. William Blair upgraded its rating to a Outperform. JP Morgan upgraded its rating to a Overweight and raised its price target to $103 on December 14, 2023. RBC Capital Mkts upgraded its rating to Outperform for this stock on October 05, 2023, and upped its price target to $94. In a note dated October 14, 2022, Robert W. Baird downgraded an Neutral rating on this stock and revised its target price from $77 to $65.
Beacon Roofing Supply Inc experienced fluctuations in its stock price throughout the past year between $77.54 and $116.30. Currently, Wall Street analysts expect the stock to reach $107.5 within the next 12 months. Beacon Roofing Supply Inc [NASDAQ: BECN] shares were valued at $105.44 at the most recent close of the market. An investor can expect a potential return of 1.95% based on the average BECN price forecast.
Analyzing the BECN fundamentals
Trailing Twelve Months sales for Beacon Roofing Supply Inc [NASDAQ:BECN] were 9.66B which represents 7.29% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.09 and Total Capital is 0.1. 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 102.22 points at the first support level, and at 98.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 107.08, and for the 2nd resistance point, it is at 108.71.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Beacon Roofing Supply Inc [NASDAQ:BECN] is 1.91. Further, the Quick Ratio stands at 1.14, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 3.44 and price to earnings (TTM) ratio is 18.03.
Transactions by insiders
Recent insider trading involved Taylor Jason L, President, West Division, that happened on Nov 18 ’24 when 2600.0 shares were sold. Officer, JASON TAYLOR completed a deal on Nov 18 ’24 to buy 2600.0 shares. Meanwhile, Officer CLEMENT MUNROE BEST III bought 7037.0 shares on Nov 08 ’24.
