Beacon Roofing Supply (NASDAQ:BECN) Was Coveraged By Evercore ISI with $56 Target.

June 29, 2018 - By Heather Owens

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Corporate Logo

Big Money Sentiment decreased to 0.86 in 2018 Q1. It has change of 0.52, from 2017Q4’s 1.38. The ratio worsened due to Beacon Roofing Supply, Inc. positioning: 36 sold and 89 reduced. 36 funds amassed stakes and 71 increased stakes. Investors holded 64.82 million in 2017Q4 but now own 63.59 million shares or 1.89% less.

Riverbridge Ptnrs Ltd Company invested 1.29% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Axa has 0.01% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Us Financial Bank De reported 43,659 shs. Invesco Ltd has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Great West Life Assurance Company Can owns 7,057 shs or 0% of their US capital. Menta Cap Limited Liability Corporation has 0.08% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 6,800 shs. Gotham Asset Management Ltd Com has invested 0.06% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Moreover, Nomura Asset Management Limited has 0.01% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 19,660 shs. Proshare Advsrs Llc holds 0% or 9,105 shs. Bnp Paribas Arbitrage Sa invested 0% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Sterling Cap Management Lc reported 0.02% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Ameriprise Fincl Incorporated has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Origin Asset Mgmt Llp holds 0.02% or 6,949 shs in its capital. Elk Creek Prns Ltd Liability Com invested in 0.99% or 320,409 shs. Moreover, Citadel Advisors Lc has 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 11,636 shs.

Beacon Roofing Supply, Inc. had 0 selling transactions and 2 insider buys since May 18, 2018. This’s net activity of $601,743. The insider FROST RICHARD W bought $501,831.

What Price Target Has Evercore ISI Given Beacon Roofing Supply (NASDAQ:BECN)

Beacon Roofing Supply (NASDAQ:BECN) coverage began by Equity analysts at Evercore ISI. It was set Outperform rating and a $56 target on Thursday, 28 June. TP indicates a potential upside of 32.89 % from the company’s previous stock close.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Ratings Coverage

A total of 10 analysts rate Beacon Roofing Supply (NASDAQ:BECN) as follows: 6 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 60% are bullish. (NASDAQ:BECN) has 15 ratings reports on Jun 29, 2018 according to StockzIntelligence. The company rating was reinitiated by Citigroup on Tuesday, June 19. The company rating was downgraded by Northcoast on Monday, May 14. The company rating was downgraded by RBC Capital Markets on Thursday, June 28. On Thursday, May 10 JP Morgan downgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) to “Neutral” rating. On Friday, February 9 the stock has “Buy” rating by RBC Capital Markets. On Wednesday, January 17 Jefferies maintained Beacon Roofing Supply, Inc. (NASDAQ:BECN) rating. Jefferies has “Buy” rating and $73.0 target. On Wednesday, May 9 the firm earned “Buy” rating by Wedbush. In Wednesday, May 9 report Jefferies downgraded the stock to “Hold” rating. On Thursday, January 4 the firm has “Buy” rating by Seaport Global given. On Monday, January 8 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Buy” rating by Northcoast.

The stock decreased 1.79% or $0.77 during the last trading session, hitting $42.14.Beacon Roofing Supply, Inc. has 1.88M shares volume, 80.57% up from normal. BECN is downtrending and has moved 14.29% since June 29, 2017. BECN underperformed the S&P 500 by 26.86%.

On August, 1. Investors expect Beacon Roofing Supply, Inc. (NASDAQ:BECN) to report its quarterly earnings, according to RTT. Analysts forecast $1.33 EPS. That’s $0.49 up or 58.33 % from 2017’s earnings of $0.84. If BECN’s EPS is $1.33 the profit will hit $90.55M for 7.92 P/E. Last quarter $-0.35 EPS was reported. Analysts sees -480.00 % EPS growth this quarter.

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers.The firm is worth $2.87 billion. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and other accessories.The P/E ratio is 32.17. The Company’s non-residential roofing products comprise single-ply roofing, asphalt, metal, modified bitumen, and build-up roofing products; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; smoke/roof hatches; roofing tools; sheet metal products, including copper, aluminum, and steel; and PVC, thermoplastic olefin, and ethylene propylene diene monomer membrane products.

Another two news for Beacon Roofing Supply, Inc. (NASDAQ:BECN) were recently posted by: Globenewswire.com on June 22, 2018 with title “Market Trends Toward New Normal in TPI Composites, Beacon Roofing Supply, Piper Jaffray Companies, SunCoke …”. The other Businesswire.com‘s article was titled “Beacon Roofing Supply Awarded Nationally Acclaimed Partners of Choice Award from David Weekley Homes” and posted on June 28, 2018.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Institutional Investors Chart

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