Beacon Roofing Supply Inc [NASDAQ: BECN] gained 1.89% or 2.3 points to close at $123.83 with a heavy trading volume of 21749869 shares.
The daily chart for BECN points out that the company has recorded 43.02% gains over the past six months.
If we look at the average trading volume of 966.65K shares, BECN reached to a volume of 21749869 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Beacon Roofing Supply Inc [BECN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BECN shares is $125.66 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BECN stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Beacon Roofing Supply Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 07, 2025. While these analysts kept the previous recommendation, Stifel raised their target price to Buy. The new note on the price target was released on January 08, 2025, representing the official price target for Beacon Roofing Supply Inc stock. Previously, the target price had yet another raise to $135, while The Benchmark Company analysts kept a Buy rating on BECN stock. On February 29, 2024, analysts increased their price target for BECN shares from 99 to 115.
The Average True Range (ATR) for Beacon Roofing Supply Inc is set at 2.46, with the Price to Sales ratio for BECN stock in the period of the last 12 months amounting to 0.78. The Price to Book ratio for the last quarter was 3.82, with the Price to Cash per share for the same quarter was set at 1.21. Price to Free Cash Flow for BECN in the course of the last twelve months was 26.04 with Quick ratio for the last quarter at 1.10.
Trading performance analysis for BECN stock
Beacon Roofing Supply Inc [BECN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.97. With this latest performance, BECN shares gained by 3.88% in over the last four-week period, additionally plugging by 43.02% over the last 6 months – not to mention a rise of 40.19% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BECN stock in for the last two-week period is set at 67.60, with the RSI for the last a single of trading hit 73.24, and the three-weeks RSI is set at 64.59 for Beacon Roofing Supply Inc [BECN]. The present Moving Average for the last 50 days of trading for this stock 116.33, while it was recorded at 121.08 for the last single week of trading, and 100.45 for the last 200 days.
Beacon Roofing Supply Inc [BECN]: A deeper dive into fundamental analysis
Beacon Roofing Supply Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.97.
Beacon Roofing Supply Inc [BECN]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BECN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Beacon Roofing Supply Inc go to 8.73%.
An analysis of Institutional ownership at Beacon Roofing Supply Inc [BECN]
There are presently around $99.00%, or 99.63%% of BECN stock, in the hands of institutional investors. The top three institutional holders of BECN stocks are: VANGUARD GROUP INC with ownership of 6.8 million shares, which is approximately 10.6957%. FMR LLC, holding 5.47 million shares of the stock with an approximate value of $$495.24 million in BECN stocks shares; and FMR LLC, currently with $$447.55 million in BECN stock with ownership which is approximately 7.7756%.
