Analyst Revises Beacon Roofing Supply, Inc. (NASDAQ:BECN) Stock Target


Beacon Roofing Supply, Inc. (NASDAQ:BECN) mean price target is revealed at $51.10 by Thomson Reuters. The group followed the stock recommendations given by experts in the First Call poll. Also, it is possible that the firm may list per share earnings of $0.50 in the coming quarter and $2.13 for the ongoing fiscal. The market cap of Beacon Roofing Supply, Inc. was $2.43B after the equity closed at $40.81 in last trading day.

What The Valuation Says?

The price/earnings ratio is listed in the group of ratios that are used for stock valuation. Commonly entitled as P/E ratio, it aids investors know where the firm positions in the market. It is a consequent when share’s latest price is divided by per-share earnings. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has a P/E ratio of 31.93. Investors can ascertain how the stock is doing in the industry by assessing Price-to-Earnings Growth ratio.

In common, a high P/E proposes that investors are predicting higher earnings surge in the future compared to firms with a lower P/E ratio. A low P/E can direct either that a firm may currently be underrated or that the firm is doing extremely well comparative to its past trends. When a firm has no earnings or is recording losses, in both circumstances P/E will be stated as “N/A.” Though it is likely to compute a negative P/E, it is not the common convention.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) PEG ratio sits at 1.29. A low PEG ratio presents an investment opportunity to the resourceful traders and investors. The stocks with a reading in between 0 and 1 are undervalued equities. A reading of 1 and 2 denotes fairly priced stocks.

Technical Perspective

The technical study of Beacon Roofing Supply, Inc. visibly elucidates that the 50-day MA of Beacon Roofing Supply, Inc. is $45.76, and stock is trading $-5.18 points away or -11.32% from 50-day moving average of $45.76. It is trading $-3.12 or -7.13% away 200-day moving average of $43.70. Beacon Roofing Supply, Inc. (NASDAQ:BECN) 52-week high is $48.96 and the 52-week low is $32.02. This represents that if the equity moves $-8.38 points upside on the chart, it will hit a 52-week high. On the other hand, if it plunges +26.73%, then the share price can log a new 52-week low.

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