On Jun 29, 2018 Evercore ISI Group Covered Beacon Roofing Supply (NASDAQ:BECN) with $61 Target.

June 29, 2018 - By Mark Williams

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 is negative due to Beacon Roofing Supply, Inc. positioning: 36 sold and 89 reduced. 36 funds amassed positions and 71 increased positions. Investors holded 64.82 million in 2017Q4 but now own 63.59 million shares or 1.89% less.

Indexiq Advsr Lc reported 0.06% stake. The Michigan-based Norris Perne And French Ltd Liability Partnership Mi has invested 1.03% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). 10,714 are held by Segall Bryant Hamill. Vanguard Group Incorporated Inc holds 5.75 million shs or 0.01% of its capital. Stone Ridge Asset Lc reported 21,774 shs stake. Architects owns 200 shs or 0% of their US capital. United Kingdom-based Barclays Pcl has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). California-based Reilly Advisors Ltd Liability Corporation has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). 3,825 are owned by Fortaleza Asset Mgmt. 31,667 are owned by Essex Invest Mngmt Limited Com. Weiss Multi holds 0.06% or 33,500 shs in its capital. Public Employees Retirement Sys Of Ohio invested in 216,173 shs or 0.06% of the stock. Hsbc Public Limited Com holds 0% or 7,415 shs. The Massachusetts-based Wellington Grp Inc Ltd Liability Partnership has invested 0.01% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Waddell And Reed Financial holds 1.13M shs.

Beacon Roofing Supply, Inc. had 0 insider sales and 2 insider purchases since May 18, 2018. This’s net activity of $601,743. Shares for $99,912 were bought by NOWICKI JOSEPH M.

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

Investment firm Evercore ISI Group has started coverage of BECN’s shares on Thursday, 28 June. Evercore ISI Group’s Professional analysts have placed Buy rating while setting the PT at $61.

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

In total 10 analysts cover Beacon Roofing Supply (NASDAQ:BECN). “Buy” rating has 6, “Sell” are 0, while 4 are “Hold”. 60% are bullish. 15 are the (NASDAQ:BECN)’s analyst reports since January 3, 2018 according to StockzIntelligence Inc. On Monday, January 8 the stock has “Buy” rating by Northcoast. On Thursday, June 28 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Sector Perform” rating given by RBC Capital Markets. On Tuesday, June 19 the firm earned “Buy” rating by Citigroup. On Wednesday, January 17 Jefferies maintained Beacon Roofing Supply, Inc. (NASDAQ:BECN) with “Buy” rating. On Thursday, May 10 JP Morgan downgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) to “Neutral” rating. The stock rating was downgraded by Jefferies to “Hold” on Wednesday, May 9. In Friday, February 9 report RBC Capital Markets maintained the stock with “Buy” rating. On Thursday, January 4 the rating was maintained by Seaport Global with “Buy”. In Wednesday, May 9 report Wedbush maintained the stock with “Buy” rating. On Friday, February 9 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Neutral” rating by Citigroup.

BECN is hitting $42.31 during the last trading session, after increased 0.40%.Currently Beacon Roofing Supply, Inc. is downtrending after 14.29% change in last June 29, 2017. BECN has 244,531 shares volume. BECN underperformed by 26.86% the S&P500.

On August, 1 WallStreet awaited Beacon Roofing Supply, Inc. (NASDAQ:BECN)’s earnings report, according to Faxor. Analysts expect change of 58.33 % or $0.49 from previous year’s $0.84 EPS compared to current’s $1.33 EPS. If EPS of $1.33 is revealed the profit of BECN could be $90.56 million giving it 7.95 P/E. Wall Street now predicts -480.00 % EPS growth despite Beacon Roofing Supply, Inc. previous quarter’s EPS of $-0.35.

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 valued at $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 32.3. 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 released 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 released on June 28, 2018.

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

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