Brokerages Issue Consensus “Hold” Rating for Beacon Roofing Supply, Shares
May 17, 2023
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Beacon Roofing Supply ($NASDAQ:BECN), Inc., is a publicly traded company that distributes residential and commercial roofing materials in the United States and Canada. Eleven brokerages that are currently covering Beacon Roofing Supply, Inc. have given a consensus rating of “Hold” for the company’s shares. This rating indicates that the stock is expected to remain at its current trading levels in the near future. Analysts at these brokerages have generally commented on the company’s strong financial position, healthy balance sheet, and robust cash flow. They have also highlighted the company’s commitment to providing superior customer service and operational excellence as key drivers for long-term growth.
However, they have been more cautious in their assessments due to the uncertain macroeconomic environment. Overall, brokerages remain relatively positive about Beacon Roofing Supply, Inc. and are recommending that investors maintain their current positions in the stock. Investors should take into account the risks associated with investing in any stock, including potential volatility in the market.
Stock Price
On Monday, BEACON ROOFING SUPPLY stock experienced a notable increase in its trading price. It opened at $61.1, and closed at $62.3, a 2.1% higher than its prior closing price. This means that, while the stock appears to be stable, there is no immediate upside potential for investors. Nevertheless, the company continues to benefit from its a diversified product portfolio and strong company fundamentals. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BECN. More…
| Total Revenues | Net Income | Net Margin |
| 8.48k | 352.2 | 5.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BECN. More…
| Operations | Investing | Financing |
| 664.3 | -418.1 | -223.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BECN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.9k | 3.6k | 35.84 |
Key Ratios Snapshot
Some of the financial key ratios for BECN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.3% | 73.2% | 7.9% |
| FCF Margin | ROE | ROA |
| 6.8% | 18.2% | 7.1% |
Analysis
At GoodWhale, we have analyzed the financials of BEACON ROOFING SUPPLY, and the results are promising. Based on our Star Chart, they have a high health score of 8/10 with regards to cashflows and debt, indicating that they are capable of sustaining future operations in times of crisis. With regards to growth, asset, profitability and dividend, BEACON ROOFING SUPPLY is classified as ‘elephant’. This means that after deducting off liabilities, they are rich in assets. For investors who are looking for a reliable, stable company for their investments, BEACON ROOFING SUPPLY is an attractive option. For those who are looking for potential rewards down the line, BEACON ROOFING SUPPLY is also a good bet, because of its strong performance in terms of cashflows and debt. More…
Peers
Beacon Roofing Supply Inc is one of the largest roofing distributors in North America. The company has more than 500 locations across the United States and Canada. The company was founded in 1928 and is headquartered in Herndon, Virginia. Beacon Roofing Supply Inc’s main competitors are BlueLinx Holdings Inc, Jiangsu Canlon Building Materials Co Ltd, and Armstrong Flooring Inc.
– BlueLinx Holdings Inc ($NYSE:BXC)
BlueLinx Holdings Inc is a holding company. Through its subsidiaries, the Company is engaged in the distribution of building and industrial products in North America. It offers its products to customers in the United States and Canada. The Company’s segments include Wholesale and Retail. The Wholesale segment is engaged in selling, marketing and distribution of building products to lumber yards, building material suppliers, professional lumber dealers and industrial users primarily in the United States. The Retail segment is engaged in selling, marketing and distribution of building products to lumber yards, building material suppliers and professional lumber dealers in Canada.
– Jiangsu Canlon Building Materials Co Ltd ($SZSE:300715)
Jiangsu Canlon Building Materials Co Ltd is a Chinese company that produces building materials. The company has a market cap of 5.15B as of 2022 and a Return on Equity of -0.94%. The company’s products include windows, doors, curtain walls, and sunrooms.
Summary
Investment analysts have given Beacon Roofing Supply, Inc. a consensus “Hold” rating. Analysts suggest that the stock is not likely to experience significant price appreciation in the near future, but could provide moderate gains in the mid to long term. Investors are advised to research the company’s financials and analyze the current market conditions in order to make an informed decision on whether or not to invest in the company. Additionally, investors should consider the company’s risk profile and management strategy when making a decision to invest.
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