Beacon Roofing Supply (NASDAQ:BECN) with $61 Target Got Analyzed By Evercore ISI Group.

June 29, 2018 - By Noel Courtney

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

During 2018 Q1 the big money sentiment decreased to 0.86. That’s change of 0.52, from 2017Q4’s 1.38. 36 investors sold all, 89 reduced holdings as Beacon Roofing Supply, Inc. ratio dived. 71 grew stakes while 36 funds bought stakes. Funds hold 63.59 million shares thus 1.89% less from 2017Q4’s 64.82 million shares.

California Pub Employees Retirement Systems has 0.01% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Sg Americas Limited Liability holds 4,601 shs or 0% of its capital. Blackrock Inc holds 4.96 million shs or 0.01% of its capital. Advisors Asset Mgmt Inc stated it has 3,205 shs. Stephens Inv Mngmt Gp Ltd Com stated it has 0.71% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Moreover, Franklin has 0.02% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Commonwealth Of Pennsylvania Pub School Empls Retrmt has 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Goldman Sachs Group reported 0.03% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Bancorp Of New York Mellon has 0.02% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). 11,636 are owned by Citadel Advsrs Ltd Com. Regent Management Limited Liability Co accumulated 10,860 shs. Nomura invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Elk Creek Ptnrs Ltd Liability Co reported 0.99% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Aperio Grp Limited Liability stated it has 13,139 shs. Sei Invests Company has 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN).

Beacon Roofing Supply, Inc. registered $601,743 net activity with 2 insider buys and 0 sales since May 18, 2018. On Friday, May 18 a trade for 2,470 shs valued at $99,912 was made by NOWICKI JOSEPH M.

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

The broker Evercore ISI Group started coverage of BECN’s shares on 28 June. Evercore ISI Group’s Equities researchers have placed Buy rating while setting the TP 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”. (NASDAQ:BECN) has 60% bullish analysts. 15 are the (NASDAQ:BECN)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Monday, January 8 the stock has “Buy” rating by Northcoast. In Friday, February 9 report Citigroup maintained it with “Neutral” rating and $60 target. The company rating was downgraded by Northcoast on Monday, May 14. In Tuesday, June 19 report Citigroup reinitiated the stock with “Buy” rating. On Tuesday, February 13 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Outperform” rating by Wedbush. On Wednesday, May 9 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Hold” rating given by Jefferies. On Wednesday, May 9 the firm has “Buy” rating by Wedbush given. On Thursday, June 28 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Sector Perform” rating by RBC Capital Markets. In Thursday, May 10 report JP Morgan downgraded the stock to “Neutral” rating. On Wednesday, January 17 Jefferies maintained Beacon Roofing Supply, Inc. (NASDAQ:BECN) rating. Jefferies has “Buy” rating and $73.0 target.

Ticker’s shares touched $42.31 during the last trading session after 0.40% change.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.

Earnings report for Beacon Roofing Supply, Inc. (NASDAQ:BECN) is awaited on August, 1., as reported by Faxor. Analysts have anticipation on stock’s EPS of $1.33. That’s up 58.33 % from last year’s $0.84 EPS. If reported the P/E will be 7.95 with $90.56M profit. Analysts at Wall Street see Beacon Roofing Supply, Inc.’s -480.00 % EPS growth compared to $-0.35 EPS for previous 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 company has $2.88 billion market cap. 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.32.3 is the P/E ratio. 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: on June 28, 2018 with title “Beacon Roofing Supply Awarded Nationally Acclaimed Partners of Choice Award from David Weekley Homes”. The other‘s article was titled “Market Trends Toward New Normal in TPI Composites, Beacon Roofing Supply, Piper Jaffray Companies, SunCoke …” and released on June 22, 2018.

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

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