Recent extremely meaningful negative changes in investment behavior have impacted Beacon Roofing Supply Inc (NASDAQ: BECN): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Minimal negative changes in fundamentals have recently occurred for Beacon Roofing Supply Inc (NASDAQ: BECN): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 very 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 good Power Rating of 73, producing the Neutral Value Trend Rating.
Recent Price Action
Beacon Roofing Supply Inc (NASDAQ: BECN) stock closed at $80.79 on 8/5/24 after a large decline of -5.4%. Moreover, trading volume in this decline was exceptionally high at 347% of normal. The stock has declined -20.1% during the last week but has been strong relative to the market over the last nine months.
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