Analyst Ratings for Beacon Roofing Supply Inc. (BECN)

Updated: 2017-07-26

Analysts covering Beacon Roofing Supply Inc. (NASDAQ:BECN) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for BECN last month.

Of the 16 analysts covering the stock, 8 gave it a buy rating, 2 issued an overweight rating, 6 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

BECN was given price targets by several analysts. The most optimistic analyst gave a price target of 58, which equates to a potential upside of 22.62 percent. The lowest price target was 47, implying a possible loss of -0.63 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.28 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 3 analysts made negative revisions to their fiscal year's estimates.

The growth rate of BECN's earnings is estimated by analysts to be 44.67 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of BECN is 0.65.

In the trailing 52-weeks, BECN hit 52.12 at the highest peak, while it's lowest trading point was 39.50. The current market price is above the trailing year's low by 19.75 percent, and below the high by 9.25 percent. BECN has a price/earnings ratio of 29.02. Investors typically compare the P/E ratio to a company's peers in the industry. The BECN value stock report compares BECN to some of its peers using value stock charts. The market cap of BECN is $2.86 billion. BECN will post this quarters earnings in days, on 0000-00-00.