Beacon Roofing Supply Inc (BECN) Stock Forecast & Predictions

Beacon Roofing Supply Inc - Class A BECN: $55.56

505 Huntmar Park Dr Ste 300, Herndon, Virginia, US. | Sector: Wholesale Trade | Exchange: NASDAQ | Web: www.beaconroofingsupply.com

  • Market Cap$3.90B
  • Change (52 Weeks)30.70%
  • Low (52 Weeks)$38.79
  • Beacon Roofing Supply Inc (BECN) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Beacon Roofing Supply Inc (BECN) is based on 23 Institutional Analyst Ratings where 34.78% are on Strong Buy, 21.74% on Moderate Buy, 39.13% remains on Hold, 0.00% are on Moderate Sell and 4.35% are on Strong Sell.

    Out of 23 Institutional Analysts, majority recommended BECN stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Beacon Roofing Supply Inc.

    Beacon Roofing Supply Inc (BECN) Stock Price Prediction By Analysts


    HighLowAverage
    $80.85$58.58$66.41
    $66.4119.53% Upside
    Updated: 2022-01-13 00:00:00

    The Average Price target for BECN set by the institutional analysts is $66.41 where High Estimate is $80.85, Median $65.025 and Low $58.58.

    The average price target for BECN by Institutional Analysts is $66.41, which is 19.53% Upside from the current price. So according to the Institutional Analysts, BECN Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Beacon Roofing Supply Inc (BECN) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 548,319 investor portfolio.

    Our algorithm has analysed 548,319 investor portfolio with BECN stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about BECN and holding their positions hoping for a further rise in the stock price and more profit.

    Beacon Roofing Supply Inc (BECN) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Raymond JamesOutperformUpgraded
    Truist SecuritiesHoldDowngraded
    RBC CapitalOutperformUpgraded
    BerenbergHoldDowngraded
    JefferiesHoldDowngraded
    Wells FargoEqual-WeightInitiated
    Northcoast ResearchNeutralDowngraded
    Wolfe ResearchPeer PerformInitiated
    StifelBuyInitiated
    RBC CapitalSector PerformUpgraded
    BMO CapitalOutperformUpgraded
    Longbow ResearchBuyUpgraded
    BMO CapitalMarket PerformInitiated
    JefferiesBuyUpgraded
    BairdOutperformUpgraded
    William BlairOutperformUpgraded
    Stephens & Co.Equal-WeightDowngraded
    Northcoast ResearchBuyUpgraded
    SunTrust Robinson HumphreyBuyMaintained
    Wells FargoEqual-WeightMaintained
    SunTrust Robinson HumphreyBuyMaintained
    RBC CapitalUnderperformDowngraded
    JP MorganUnderweightMaintained
    Deutsche BankHoldMaintained
    Stephens & Co.OverweightReiterated
    BerenbergHoldInitiated
    Loop CapitalBuyInitiated
    Deutsche BankHoldMaintained
    Raymond JamesMarket PerformDowngraded
    SunTrust Robinson HumphreyBuyMaintained
    RBC CapitalSector PerformMaintained
    Deutsche BankHoldInitiated
    JP MorganUnderweightDowngraded
    Raymond JamesOutperformMaintained
    BuckinghamNeutralMaintained
    BairdNeutralMaintained
    BuckinghamNeutralInitiated
    WedbushNeutralDowngraded
    Longbow ResearchNeutralDowngraded
    JefferiesHoldMaintained
    WedbushOutperformMaintained
    Raymond JamesOutperformDowngraded
    Wells FargoUnderperformMaintained
    Raymond JamesStrong BuyMaintained
    William BlairMarket PerformDowngraded
    BairdNeutralDowngraded
    KeyBancSector WeightDowngraded
    JP MorganNeutralMaintained
    Wells FargoUnderperformDowngraded
    WedbushOutperformMaintained
    CitigroupNeutralDowngraded
    Stephens & Co.OverweightUpgraded
    RBC CapitalSector PerformDowngraded
    MKM PartnersBuyInitiated
    Evercore ISI GroupBuyInitiated
    Northcoast ResearchNeutralDowngraded
    JP MorganNeutralDowngraded
    JefferiesHoldDowngraded
    WedbushOutperformUpgraded
    CitigroupNeutralMaintained
    Wells FargoMarket PerformInitiated
    CitigroupNeutralMaintained
    KeyBancOverweightUpgraded
    JefferiesBuyUpgraded
    Seaport GlobalBuyInitiated
    BairdOutperformMaintained
    WedbushNeutralInitiated
    JefferiesHoldInitiated
    BB&T CapitalBuyUpgraded
    RBC CapitalOutperformUpgraded
    Raymond JamesStrong BuyUpgraded
    Longbow ResearchBuyUpgraded
    William BlairOutperformUpgraded
    CitigroupNeutralInitiated
    Stephens & Co.Equal-WeightDowngraded
    JP MorganOverweightUpgraded
    RBC CapitalSector PerformMaintained
    CL KingBuyUpgraded
    JP MorganNeutralMaintained
    BairdOutperformUpgraded
    Raymond JamesOutperformUpgraded
    Stephens & Co.OverweightMaintained
    JP MorganNeutralMaintained
    JP MorganNeutralMaintained
    KeyBancHoldDowngraded
    Longbow ResearchNeutralDowngraded
    William BlairMarket PerformDowngraded
    Longbow ResearchBuyUpgraded
    SunTrust Robinson HumphreyBuyUpgraded
    KeyBancBuyUpgraded
    BairdNeutralDowngraded
    Longbow ResearchNeutralInitiated
    WunderlichBuyMaintained
    JP MorganNeutralMaintained
    WunderlichBuyMaintained
    WunderlichBuyMaintained
    WunderlichBuyMaintained
    KeyBancHoldDowngraded
    WunderlichBuyInitiated
    KeyBancBuyUpgraded

    Beacon Roofing Supply Inc (BECN) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.798
    The average consensus EPS for BECN is $0.798 with a high estimate of $1.386 and Low of $0.206 for the period 2022-03-31 and based on 19 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $1.22$1.5712021-12-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.79762022-03-31
    $1.22$1.5712021-12-31
    $1.73$1.34952021-09-30
    $0.28$0.03282021-06-30
    $0.89$0.61362021-03-31
    $1.32$1.01362020-12-31
    $1.01$0.61252020-09-30
    $-0.2$-0.21622020-06-30
    $0.41$0.43712020-03-31
    $1.04$1.23132019-12-31
    $0.92$1.27372019-09-30
    $-0.45$-0.51792019-06-30
    $0.6$0.56342019-03-31
    $1.07$1.37382018-12-31
    $1.18$1.34042018-09-30
    $-0.35$-0.09012018-06-30
    $0.68$0.55352018-03-31
    $0.93$0.95942017-12-31
    $0.84$0.91422017-09-30
    $-0.04$-0.05372017-06-30
    $0.44$0.43862017-03-31
    $0.88$0.93092016-12-31
    $0.77$0.76892016-09-30
    $0.03$-0.21642016-06-30
    $0.41$0.36062016-03-31
    $0.75$0.69832015-12-31
    $0.56$0.6452015-09-30
    $-0.2$-0.21112015-06-30
    $0.26$0.28992015-03-31
    $0.48$0.63082014-12-31
    $0.54$0.59452014-09-30
    $-0.25$-0.06412014-06-30
    $0.3$0.36062014-03-31
    $0.56$0.62952013-12-31
    $0.55$0.72112013-09-30
    $-0.02$0.00712013-06-30
    $0.37$0.41432013-03-31
    $0.6$0.60892012-12-31
    $0.62$0.5832012-09-30
    $0.07$-0.07992012-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).