Evaluating Beacon Roofing Supply: Insights From 4 Financial Analysts
Portfolio Pulse from Benzinga Insights
Beacon Roofing Supply (NASDAQ:BECN) has been analyzed by 4 financial analysts, showing a mix of bullish to bearish sentiments. Recent ratings include 1 bullish, 3 somewhat bullish, and an average 12-month price target of $108.5, up 7.69% from the previous target. Analyst actions from firms like Baird, JP Morgan, and Stifel indicate adjustments in ratings and price targets, reflecting evolving market conditions and company performance. Despite the positive analyst outlook, Beacon Roofing Supply faces challenges such as below-industry average market capitalization, revenue growth, net margin, ROE, and ROA, but maintains a healthier debt-to-equity ratio.
February 29, 2024 | 12:00 pm
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Beacon Roofing Supply has received mixed analyst ratings with an updated average price target of $108.5, indicating a positive sentiment. However, the company faces challenges in market capitalization, revenue growth, profitability, and asset utilization.
The positive adjustment in Beacon Roofing Supply's price target by analysts suggests optimism about the company's future stock performance. However, the financial challenges highlighted, such as below-average market capitalization, revenue growth, and profitability metrics, could temper this optimism. The healthier debt-to-equity ratio is a positive aspect. The overall impact is likely positive in the short term due to the weight analysts' ratings and price targets have on investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100