RBC Capital analyst Michael Eisen reiterated a Hold rating on Beacon Roofing Supply (NASDAQ: BECN) today and set a price target of $41. The company’s shares opened today at $35.44, close to its 52-week low of $35.41.
According to TipRanks.com, Eisen is a 1-star analyst with an average return of -2.7% and a 35.9% success rate. Eisen covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Masonite International, and BMC Stock Holdings.
Beacon Roofing Supply has an analyst consensus of Moderate Buy, with a price target consensus of $51.80, implying a 46.2% upside from current levels. In a report released today, Citigroup also downgraded the stock to Hold with a $44 price target.
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Based on Beacon Roofing Supply’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $43.97 million. In comparison, last year the company had a net profit of $44.66 million.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BECN in relation to earlier this year.
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Beacon Roofing Supply, Inc. engages in the distribution of residential and non-residential roofing materials. It also distributes complementary building products including siding, windows, specialty exterior building products, insulation, and waterproofing systems for building exteriors.
