On 8/2/24, Beacon Roofing Supply Inc (NASDAQ: BECN) stock suffered a major decline of -13.1%, closing at $85.40. Moreover, exceptionally high trading volume at 392% of normal accompanied the decline. The stock has declined -13.2% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BECN is expected to continue to be a major Value Builder.
Beacon Roofing Supply has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Beacon Roofing Supply has a poor Appreciation Score of 28 but a slightly positive Power Rating of 69, producing the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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