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 maximum price target given was 58, which equates to a potential upside of 22.62 percent. The minimum price target given was 47, which equates to a potential downside 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. The average change in earnings estimates over the last 90 days is 0 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 1.28 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. 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. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, 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, but many choose to perform ratio comparisons with other companies in the industry. BECN has a PEG ratio of 0.65.
BECN has traded between a high of 52.12 and a low of 39.50 over the past year. Currently the stock is 19.75 percent higher than its low, 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 stock has a market capitalization of $2.86 billion. BECN will post this quarters earnings in days, on 0000-00-00.