Key Takeaways From Beacon Roofing Supply Analyst Ratings
Portfolio Pulse from Benzinga Insights
In the past three months, analysts have shown mixed sentiments towards Beacon Roofing Supply (NASDAQ:BECN), with recent ratings being somewhat bullish. The average 12-month price target has decreased by 3.28% to $110.75. Analysts have adjusted their ratings and price targets in response to market dynamics, with some raising and others lowering their expectations. Beacon Roofing Supply has shown a positive revenue trend but faces challenges with net margin and asset utilization.
October 16, 2024 | 12:00 pm
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Beacon Roofing Supply has received mixed analyst ratings, with a somewhat bullish sentiment prevailing. The average price target has decreased by 3.28% to $110.75. Analysts have adjusted their ratings and price targets, reflecting changing market dynamics. The company shows positive revenue growth but faces challenges in net margin and asset utilization.
The mixed analyst ratings and decrease in average price target suggest a neutral short-term impact on BECN's stock price. While there is positive revenue growth, challenges in net margin and asset utilization may offset bullish sentiments. The adjustments in ratings and price targets indicate a cautious outlook from analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100