Beacon Roofing Supply (BECN) Gets a Buy Rating from BMO Capital

In a report released today, Ketan Mamtora from BMO Capital maintained a Buy rating on Beacon Roofing Supply (BECNResearch Report), with a price target of $72.00. The company’s shares closed last Thursday at $61.73.

Mamtora has an average return of 6.2% when recommending Beacon Roofing Supply.

According to TipRanks.com, Mamtora is ranked #2099 out of 7992 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Beacon Roofing Supply with a $67.10 average price target.

See today’s best-performing stocks on TipRanks >>

Based on Beacon Roofing Supply’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.69 billion and net profit of $55.8 million. In comparison, last year the company earned revenue of $1.32 billion and had a GAAP net loss of $6.3 million.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The company was founded on August 22, 1997 and is headquartered in Herndon, VA.

Read More on BECN:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More