Stock To Watch: Beacon Roofing Supply, Inc. (NASDAQ:BECN)


The leading market experts have placed a mean price target of $50.55 on Beacon Roofing Supply, Inc. (NASDAQ:BECN) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.93 a share for the upcoming quarter and $2.11 for the current fiscal. Technical View The technical analysis of Beacon Roofing Supply, Inc. plainly substantiates that the 50-day moving average of Beacon Roofing Supply, Inc. is $45.22, and stock is hovering 3.00 or +6.65% distant from $45.22. It is noted that the 200-day MA is $41.35, and Beacon Roofing Supply, Inc. stock is $6.87 or +16.61% off from this point. Beacon Roofing Supply, Inc. (NASDAQ:BECN) 52-week high is $48.82 and the 52-week low is $32.00. This explains if the stock moves $-0.60, it will post a 52-week high. In event of $+50.69% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Beacon Roofing Supply, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Beacon Roofing Supply, Inc. (NASDAQ:BECN) ratio came in at 44.04. The stock last ended the trading session at $48.22 and registered a market cap of $2.87B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Beacon Roofing Supply, Inc. (NASDAQ:BECN) PEG ratio is at 1.51.

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