Beacon Roofing Supply (NASDAQ:BECN) with $61 Target Got Coverage By MKM Partners On Jun 29, 2018.

June 29, 2018 - By Gwen Gough

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 fall 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.

Copper Rock Cap Prtnrs Llc invested 1.84% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Geode Cap Ltd reported 750,834 shs. New York-based Bamco Inc has invested 0.24% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Walleye Trading Ltd Liability owns 3,945 shs. Howe & Rusling reported 61 shs or 0% of all its holdings. Atlantic Tru Grp Ltd Liability Corp holds 0% or 200 shs. 1.32 million were reported by State Street Corp. Regent Mngmt Ltd has invested 0.19% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Franklin Resource holds 0.02% or 712,170 shs. First Interstate Comml Bank invested in 0% or 254 shs. Diker Management Ltd stated it has 1.6% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Panagora Asset Management accumulated 0% or 10,571 shs. Dimensional Fund Advisors Limited Partnership holds 0.06% or 2.54M shs in its capital. Raymond James And holds 0% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 40,399 shs. Zurcher Kantonalbank (Zurich Cantonalbank) holds 3,861 shs or 0% of its capital.

Beacon Roofing Supply, Inc. had 0 insider sales and 2 insider 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)

On Thursday morning a report was shared with investors and clients on Beacon Roofing Supply (NASDAQ:BECN) of its “Buy” Rating reconfirmed by professional analysts at MKM Partners. The market cap company coverage initiated with $61 price target that would indicate 44.14 % upside potential from the last stock close.

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 Thursday, May 10 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Neutral” rating given by JP Morgan. On Friday, February 9 the company was maintained by Citigroup. On Tuesday, February 13 the company was upgraded by Wedbush. On Monday, May 14 Northcoast downgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) to “Hold” rating. On Wednesday, January 17 the rating was maintained by Jefferies with “Buy”. In Thursday, June 28 report RBC Capital Markets downgraded the stock to “Sector Perform” rating. On Monday, January 8 the rating was maintained by Northcoast with “Buy”. On Tuesday, June 19 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Buy” rating by Citigroup. On Wednesday, May 9 the firm earned “Hold” rating by Jefferies. On Wednesday, May 9 the firm has “Buy” rating by Wedbush given.

BECN hit $42.32 during the last trading session after $0.18 change.Beacon Roofing Supply, Inc. has volume of 470,279 shares. Since June 29, 2017 BECN has declined 14.29% and is downtrending. The stock underperformed the S&P 500 by 26.86%.

On August, 1 Beacon Roofing Supply, Inc. (NASDAQ:BECN)’s earnings report is expected by WallStreet, Faxor reports. Analysts have expectation on stock’s earnings per share of $1.33. That’s up 58.33 % from last year’s $0.84 earnings per share. This could be $90.54M profit for BECN assuming the current $1.33 earnings per share will become reality. After $-0.35 EPS report previous quarter, Wall Street now forecasts -480.00 % EPS growth of Beacon Roofing Supply, Inc..

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.32.31 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 recently 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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