The Analyst Landscape: 4 Takes On Beacon Roofing Supply
Portfolio Pulse from Benzinga Insights
Beacon Roofing Supply (NASDAQ:BECN) received mixed ratings from analysts in the last quarter, with an average 12-month price target of $99.00. The high estimate is $119.00 and the low estimate is $80.00. Notably, the average price target increased by 2.33% over the past month. Analysts from Stifel, JP Morgan, Truist Securities, and RBC Capital have adjusted their price targets and ratings, reflecting their views on the company's market dynamics and performance. Beacon Roofing Supply operates in the roofing and building materials industry in the US and Canada, and has shown a revenue growth rate of 7.0% as of September 30, 2023. However, the company faces challenges with a net margin of -10.17%, ROE of -13.93%, and ROA of -4.03%, indicating potential issues in profitability and asset utilization.

December 19, 2023 | 5:01 pm
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Beacon Roofing Supply has received mixed analyst ratings with an updated average 12-month price target of $99.00. The company has shown revenue growth but faces profitability and efficiency challenges.
The mixed analyst ratings and the recent increase in the average price target suggest a neutral short-term impact on BECN's stock price. The revenue growth is positive, but concerns about net margin, ROE, and ROA could temper investor enthusiasm.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100