Beacon Roofing Supply BECN has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $108.5, a high estimate of $119.00, and a low estimate of $97.00. This current average has increased by 7.69% from the previous average price target of $100.75.
Investigating Analyst Ratings: An Elaborate Study
The standing of Beacon Roofing Supply among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Manthey | Baird | Raises | Outperform | $115.00 | $99.00 |
| Michael Rehaut | JP Morgan | Lowers | Overweight | $97.00 | $103.00 |
| Stanley Elliott | Stifel | Raises | Buy | $119.00 | $115.00 |
| Michael Rehaut | JP Morgan | Raises | Overweight | $103.00 | $86.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they ‘Maintain’, ‘Raise’ or ‘Lower’ their stance, it reflects their reaction to recent developments related to Beacon Roofing Supply. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from ‘Outperform’ to ‘Underperform’. These ratings communicate expectations for the relative performance of Beacon Roofing Supply compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Beacon Roofing Supply’s stock. This examination reveals shifts in analysts’ expectations over time.
Capture valuable insights into Beacon Roofing Supply’s market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Beacon Roofing Supply analyst ratings.
Unveiling the Story Behind Beacon Roofing Supply
Beacon Roofing Supply Inc manufactures and sells roofing and building materials throughout the United States and Canada. Beacon’s key customers consist of contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. The company’s product portfolio includes both residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products. The vast majority of Beacon’s revenue comes from the United States.
Financial Insights: Beacon Roofing Supply
Market Capitalization Analysis: Below industry benchmarks, the company’s market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Beacon Roofing Supply’s remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 7.0%. This signifies a substantial increase in the company’s top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Beacon Roofing Supply’s net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -10.17%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Beacon Roofing Supply’s ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -13.93%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Beacon Roofing Supply’s ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -4.03%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Beacon Roofing Supply’s debt-to-equity ratio is below the industry average. With a ratio of 1.73, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish “analyst ratings” for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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https://www.benzinga.com/insights/analyst-ratings/24/02/37388915/evaluating-beacon-roofing-supply-insights-from-4-financial-analysts
