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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.

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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.

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

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