Stock Rating Downgrade
The Value Trend Rating for Beacon Roofing Supply Inc (NASDAQ: BECN) weakened of late from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Beacon Roofing Supply Inc (NASDAQ: BECN) stock declined modestly by -1.9% on 9/20/24. The stock closed at $85.84. Moreover, above average trading volume at 137% of normal accompanied the decline. The stock has risen 5.9% during the last week and has performed in line with 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Beacon Roofing Supply has a slightly negative Appreciation Score of 30 and a neutral Power Rating of 52, with the Negative Value Trend Rating the result.
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