According to Bloomberg.com, the ten rating agencies covering Beacon Roofing Supplies, INC (NASDAQ: BECN) have recommended “Hold” as the best course of action for investors regarding the company.
This is the recommendation investors should follow to maximize their potential returns.
There is one analyst who recommends selling shares of the company, six analysts who say investors should hold their current holdings, two analysts who say investors should hold their current holdings and two analysts who say that Investors should buy shares in the company.
Most analysts covering the stock over the last year have set their 1-year target price at an average of $70.57.
This is the price they expect the stock to trade at a year from now.
BECN stock has been getting a lot of attention from market watchers lately, especially recently.
Deutsche Bank Aktiengesellschaft has assigned a “buy” rating to Beacon Roofing Supplies stocks in a research report published on Monday, February 27th.
The company raised its price target on the stock to $85.00 from $80.00 and announced the increase in a research report. Bloomberg first reported on the shares of Beacon Roofing Supplies in a research report published on March 16.
This publication marked the beginning of this reporting.
They recommended that shareholders “hold” their shares in the company. Robert W
Baird upgraded Beacon Roofing Supplies from a “neutral” rating to an “outperform” rating. He raised the target price on the stock to $76.00 from $65.00 in a research report published on Monday, February 27. Stephens raised the price target for Beacon Roofing Supplies shares and upgraded the company’s rating from equal to overweight. , in a research paper published on Monday, February 27. Stifel Nicolaus gave a “buy” rating to Beacon Roofing Supplies in a research report published on Monday 19th December.
In addition, the brokerage firm increased its price target on the company’s shares to $91.00 from $80.00.
These decisions were made at some point during the process considering the company’s stock.
On January 30, 2019, a major shareholder of Beacon Roofing Supplies, Cd&R Investment Associates Ix, purchased an additional 107,185 shares of the company.
There is a connection between these two messages. When the shares were finally paid for, the total cost, acquired at an average price of $55.98 per share, was $6,002,163.30.
The insider now holds direct stock holdings valued at $843,735,262.32.
The Securities and Exchange Commission has received legal documentation relating to the transaction, which can be viewed at the link in the previous sentence.
The documentation was made available to the SEC Current; Company insiders own 0.95 percent of the company’s stock.
Recent changes in BECN holdings by institutional investors include increases and decreases in the size of their holdings over the past few months.
In the third quarter, Fox Run Management LLC
Acquired an additional investment in Beacon Roofing Supplies estimated to be worth somewhere in the vicinity of $283,000.
Point72 Hong Kong Ltd increased its total investment in Beacon Roofing Supplies to approximately $259,000 by acquiring an additional position in the company during the second quarter.
During the fiscal third quarter, HSBC Holdings PLC completed a 41.0% stake increase in Beacon Roofing Supplies of the company. HSBC Holdings PLC now owns 16,553 shares of the Company after acquiring an additional 4,810 shares during the last fiscal quarter.
The value of these shares brings the company’s total holdings to $918,000.
During the third quarter, Clayton Dubilier & Rice LLC holdings grew 0.7%, and Beacon Roofing Supplies benefited from that growth.
Clayton Dubilier & Rice LLC now holds 14,878,067 shares of the Company in its portfolio following an additional purchase of 103,931 shares during the most recent fiscal quarter.
The investment firm has 814,128,000 shares of the company and those shares are valued at $814,128,000.
Finally, in the last three months of 2018, Contravisory Investment Management INC increased Beacon Roofing Supplies’ stake by 13%. Contravisory Investment Management INC now holds 4,384 shares of the company’s stock, valued at $231,000 thanks to the purchase of an additional 506 shares in the most recent fiscal quarter.
Trading on the NASDAQ BECN on Friday started at $56.44, unchanged from the previous trading day.
The price of one share of the company is currently trading at $59.49, which is above the $56.97 price that is the 200-day moving average price.
There is a debt to equity ratio which currently stands at 1.01, a current ratio which currently stands at 2.03 and a quick ratio which currently stands at 1.08.
The stock’s price-to-earnings ratio is currently 10.15 and has a market value of $3.63 billion.
The stock’s beta is currently 1.58. Over the past year, the price of Beacon Roofing Supplies fluctuated between $45.71 and $68.31, reaching a low of $45.71 and a high of $68.31 respectively.
Beacon Roofing Supplies, INC is a distributor of roofing supplies for commercial and residential roofing projects.
The company was founded in 1992.
In addition, it offers its customers a choice from a wide range of additional building materials, such as: B. Exterior siding, windows, specialty exterior hardware, insulation and exterior sealing solutions for buildings. Customers can choose from these options.
Established on August 22, 1997, the company’s current headquarters are in Herndon, Virginia.
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