News stories about Beacon Roofing Supply (NASDAQ:BECN) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Beacon Roofing Supply earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.7714221379637 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Teacher Retirement System of Texas Buys 17,193 Shares of Beacon Roofing Supply, Inc. (BECN) (americanbankingnews.com)
- Zacks: Brokerages Anticipate Beacon Roofing Supply, Inc. (BECN) Will Announce Earnings of -$0.07 Per Share (americanbankingnews.com)
- Stansberry Asset Management LLC Purchases Shares of 128,081 Beacon Roofing Supply, Inc. (BECN) (americanbankingnews.com)
- Beacon Roofing Supply, Inc. (BECN) Stake Lowered by Cortina Asset Management LLC (americanbankingnews.com)
- Investors Buy High Volume of Beacon Roofing Supply Call Options (BECN) (americanbankingnews.com)
Shares of Beacon Roofing Supply (NASDAQ:BECN) opened at $53.23 on Wednesday. The company has a market cap of $3,620.00, a PE ratio of 33.06, a PEG ratio of 0.47 and a beta of 1.35. The company has a quick ratio of 3.58, a current ratio of 4.60 and a debt-to-equity ratio of 1.09. Beacon Roofing Supply has a 1-year low of $39.57 and a 1-year high of $66.47.
Several research firms have weighed in on BECN. Wedbush restated an “outperform” rating and set a $52.00 price objective (down previously from $70.00) on shares of Beacon Roofing Supply in a report on Tuesday, February 13th. Royal Bank of Canada restated an “outperform” rating and set a $63.00 price objective (up previously from $62.00) on shares of Beacon Roofing Supply in a report on Tuesday, November 21st. Zacks Investment Research downgraded shares of Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a report on Monday, January 22nd. Citigroup lowered their target price on shares of Beacon Roofing Supply from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Finally, BidaskClub downgraded shares of Beacon Roofing Supply from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Beacon Roofing Supply currently has a consensus rating of “Buy” and a consensus target price of $60.45.
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About Beacon Roofing Supply
Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.
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