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Beacon Roofing Supply Inc has a consensus price target of $108.38 based on the ratings of 15 analysts. The high is $140 issued by Benchmark on November 1, 2024. The low is $56 issued by Wells Fargo on June 28, 2022. The 3 most-recent analyst ratings were released by JP Morgan, Stephens & Co., and JP Morgan on November 19, 2024, November 19, 2024, and November 7, 2024, respectively. With an average price target of $119.33 between JP Morgan, Stephens & Co., and JP Morgan, there's an implied 9.90% upside for Beacon Roofing Supply Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Beacon Roofing Supply (NASDAQ:BECN) was reported by JP Morgan on November 19, 2024. The analyst firm set a price target for $136.00 expecting BECN to rise to within 12 months (a possible 25.25% upside). 20 analyst firms have reported ratings in the last year.
The latest analyst rating for Beacon Roofing Supply (NASDAQ:BECN) was provided by JP Morgan, and Beacon Roofing Supply maintained their overweight rating.
The last upgrade for Beacon Roofing Supply Inc happened on February 29, 2024 when Baird raised their price target to $115. Baird previously had a neutral for Beacon Roofing Supply Inc.
The last downgrade for Beacon Roofing Supply Inc happened on March 10, 2023 when Zelman & Assoc changed their price target from N/A to N/A for Beacon Roofing Supply Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Beacon Roofing Supply, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Beacon Roofing Supply was filed on November 19, 2024 so you should expect the next rating to be made available sometime around November 19, 2025.
While ratings are subjective and will change, the latest Beacon Roofing Supply (BECN) rating was a maintained with a price target of $119.00 to $136.00. The current price Beacon Roofing Supply (BECN) is trading at is $108.58, which is out of the analyst’s predicted range.
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