MKM Partners Have $61 Target On Beacon Roofing Supply (NASDAQ:BECN).

June 29, 2018 - By Ira Colvard

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

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

Credit Suisse Ag reported 82,399 shs. Fifth Third Fincl Bank reported 1,764 shs or 0% of all its holdings. State Street Corporation reported 0.01% stake. Amer reported 0.01% stake. Essex Invest Mgmt Co Ltd Liability Com has invested 0.22% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Origin Asset Management Ltd Liability Partnership owns 0.02% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 6,949 shs. Balyasny Asset Mgmt Limited Liability Company reported 91,653 shs stake. Nomura holds 0% or 14,684 shs. Tradewinds owns 0.01% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 217 shs. Panagora Asset Mngmt holds 0% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 10,571 shs. Moreover, Pub Employees Retirement System Of Ohio has 0.06% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Prudential Financial holds 38,665 shs. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Renaissance Grp Lc owns 7,886 shs. 549,796 were reported by Schwab Charles Inv Mngmt Inc.

Beacon Roofing Supply, Inc. had 0 selling transactions and 2 buys since May 18, 2018. This’s net activity of $601,743. FROST RICHARD W bought 11,820 shs worth $501,831.

What Price Target Has MKM Partners Given Beacon Roofing Supply (NASDAQ:BECN)

upside potential of 44.14 % on Beacon Roofing Supply (NASDAQ:BECN) gives $61 PT given by Stock analysts at MKM Partners. Also on Thursday morning coverage has started by broker on the $2.88 billion market cap company.

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. On Monday, January 8 the firm earned “Buy” rating by Northcoast. On Thursday, June 28 the company was downgraded by RBC Capital Markets. On Wednesday, May 9 the firm has “Hold” rating by Jefferies given. On Tuesday, February 13 the firm has “Outperform” rating by Wedbush given. On Thursday, January 4 the firm earned “Buy” rating by Seaport Global. On Tuesday, June 19 Citigroup reinitiated Beacon Roofing Supply, Inc. (NASDAQ:BECN) with “Buy” rating. On Thursday, May 10 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Neutral” rating by JP Morgan. 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. On Friday, February 9 the firm has “Buy” rating by RBC Capital Markets given.

Ticker’s shares touched $42.32 during the last trading session after 0.43% change.Currently Beacon Roofing Supply, Inc. is downtrending after 14.29% change in last June 29, 2017. BECN has 470,279 shares volume. BECN underperformed by 26.86% the S&P 500.

Earnings report for Beacon Roofing Supply, Inc. (NASDAQ:BECN) is expected on August, 1., Zacks reports. Analysts forecast $1.33 earnings per share. That’s $0.49 up or 58.33 % from 2017’s earnings of $0.84. If the current earnings per share of $1.33 is accurate, BECN’s profit could reach $90.54 million. Wall Street forecasts -480.00 % EPS growth as of August, 1.

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 $2.88 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 32.31. 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 briefly brought out by: Businesswire.com on June 28, 2018 with title “Beacon Roofing Supply Awarded Nationally Acclaimed Partners of Choice Award from David Weekley Homes”. The other Globenewswire.com‘s article was titled “Market Trends Toward New Normal in TPI Composites, Beacon Roofing Supply, Piper Jaffray Companies, SunCoke …” and brought out on June 22, 2018.

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

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