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


The leading market experts have placed a mean price target of $51.22 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 $0.51 a share for the upcoming quarter and $2.13 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 $46.72, and stock is trading $-0.47 points away or -1.00% from its 50-day moving average of $46.72. Further it is trading $3.14 or +7.28% away its 200-day moving average of $43.11. Beacon Roofing Supply, Inc. (NASDAQ:BECN) 52-week high is $48.96 and the 52-week low is $32.02.

This explains if the stock moves $-2.71, it will post a 52-week high. In event of +44.44% 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 36.39.

The stock last ended the trading session at $46.25 and registered a market cap of $2.76B. 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 1.43.

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