SunTrust Banks, Inc. Reaffirms "Buy" Rating for Beacon Roofing Supply, Inc. (BECN)

22 November, 2017, 18:29 | Author: Regina Silva
  • Beacon Roofing Supply

About 508,228 shares traded.

The bad news is analysts don't believe there's a room for Beacon Roofing Supply, Inc. It has outperformed by 0.64% the S&P500.

Among 6 analysts covering SMA Solar Technology (ETR:S92), 1 have Buy rating, 2 Sell and 3 Hold. Facebook had 207 analyst reports since July 21, 2015 according to SRatingsIntel.

On October 15 KeyCorp kept the stock rating at "Buy" targeting a price of $56.00. The company was maintained on Monday, August 28 by Citigroup. Jefferies has "Buy" rating and $61.0 target. Bank of America upgraded Paylocity Holding Corp (NASDAQ:PCTY) on Friday, February 3 to "Buy" rating. JP Morgan upgraded the stock to "Overweight" rating in Wednesday, January 13 report. Looking further out we can see that the stock has moved 27.77% over the past 12 weeks and 20.75% year to date. The firm earned "Buy" rating on Thursday, January 21 by Longbow.

Beacon Roofing Supply (NASDAQ:BECN) last announced its quarterly earnings data on Monday, November 20th. Therefore 75% are positive. The 52-week low of the stock stands at $39.64 while the current level stands at 99.63% of the 52-week High-Low range. The return on assets (ROA) (aka return on total assets, return on average assets), is one of the most widely used profitability ratios because it is related to both profit margin and asset turnover, and shows the rate of return for both creditors and investors of the company. (NASDAQ:BECN). Guggenheim Capital Lc owns 28,459 shares. (NASDAQ:BECN) rating on Monday, October 9. The firm has "Outperform" rating given on Monday, April 11 by RBC Capital Markets. Royal Bank Of Canada reaffirmed a "buy" rating and set a $53.00 price objective on shares of Beacon Roofing Supply in a report on Tuesday, October 10th. Jefferies initiated it with "Hold" rating and $46 target in Wednesday, July 6 report. The rating was maintained by Needham on Thursday, July 30 with "Buy". (NASDAQ:BECN) earned "Sector Perform" rating by RBC Capital Markets on Monday, August 10.

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Investors sentiment increased to 0.99 in 2017 Q2. Its up 0.17, from 0.82 in 2017Q1.

Over the past 50 days, Beacon Roofing Supply, Inc. stock was 3.72% off of the high and 25.14% removed from the low. 17 funds opened positions while 69 raised stakes. Tudor Invest Et Al has 200,000 shares. After $-1.91 actual earnings per share reported by Argo Group International Holdings, Ltd. for the previous quarter, Wall Street now forecasts -139.27% EPS growth. Redmond Asset Mngmt Ltd Liability Co reported 26,782 shares.

The counter witnessed a trading volume of 2.49 million shares versus an average volume of 1.24 million shares during last trading session. Invesco stated it has 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN) has risen 17.34% since November 21, 2016 and is uptrending. These holdings make up 92.05% of the company's outstanding shares. Lloyds Banking Group plc boosted its holdings in shares of Beacon Roofing Supply by 37.7% in the 2nd quarter. (NASDAQ:TGTX), its shares were trading at $7.4 a retreat of $-0.3, on the trading floor. Moreover, Nomura Asset Mngmt has 0.01% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) or 1.49M shares. RBC Capital Markets maintained Beacon Roofing Supply, Inc. Echo Street Cap Limited Liability Corporation holds 0.28% of its portfolio in Beacon Roofing Supply, Inc. The Colorado-based Alps Advisors Inc has invested 1.88% in the stock.

BidaskClub downgraded Beacon Roofing Supply from a sell rating to a strong sell rating in a report on Wednesday, August 2nd. The P/E ratio is 36.63 and the market cap of the company is 4.00B. The return on equity (ROE), also known as return on investment (ROI), is the best measure of the return, since it is the product of the operating performance, asset turnover, and debt-equity management of the firm. It has a 74.23 P/E ratio. The Company's product portfolio includes residential roofing products, non-residential roofing products and complementary building products. About 2.50M shares traded or 363.15% up from the average.

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