Beacon Roofing Supply, Inc. (BECN) Receives Consensus Rating of “Hold” from Analysts

Beacon Roofing Supply (NASDAQ:BECN) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued on Wednesday. According to Zacks, "Higher contribution from the Allied Building Products acquisition and successful price increases associated with a solid demand environment are expected to support Beacon Roofing’s growth.

However, the company’s top line lagged the Zacks Consensus Estimate while comparable store sales (comps) growth was below analysts’ expectations. is estimated to be more than 40%. Beacon Roofing.

Beacon Roofing Supply (NASDAQ:BECN) was downgraded by stock analysts at BidaskClub from a "buy" rating to a "hold" rating in a research report. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has received a consensus recommendation of "Hold" from the twenty-one.

Beacon Roofing Supply, Inc. (BECN). Economic experts predict that the US housing market, which has shown a slowing trend since 2017, will continue to weaken into 2020. BECN’s analyst consensus rating is a moderate buy, with 1 buy and 2 hold ratings given in the last 90 days.

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Beacon Roofing Supply, Inc. (NASDAQ:BECN) has been given a consensus recommendation of "Hold" by the twenty-one brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company.

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Exploring Beacon Roofing Supply (nasdaq:becn) stock? beacon roofing supply, Inc. (nasdaq:becn) posted its quarterly earnings results on Tuesday, May, 7th. There are currently 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) have been given a consensus rating of "Hold" by the twenty-one research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and six have given a buy recommendation to the company.