Last Updated: 09 Nov 2024
Executive Summary
Beacon Roofing Supply Inc. (BECN) is a leading distributor of roofing materials and supplemental construction products in the United States. The company has a market capitalization of $6.39 billion and trades on the NASDAQ exchange. BECN's latest stock price is $103.25.
Company Overview
Beacon Roofing Supply was founded in 1988 and is headquartered in Herndon, Virginia. The company operates through a network of over 500 branches in 49 states. BECN's products include roofing materials, siding, windows, doors, and other construction materials. The company's customers include contractors, home builders, building owners, and retailers.
Fundamental Analysis
BECN has a strong financial profile. The company's revenue has grown at a compound annual growth rate (CAGR) of 10% over the past five years. BECN's profit margin is 3.86%, and its return on equity (ROE) is 20.5%. The company has a strong balance sheet with $1.2 billion in cash and equivalents and $1.6 billion in debt.
Technical Analysis
BECN's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is 65, which indicates that the stock is overbought.
Short Term Outlook
BECN's stock price is likely to continue to trend higher in the short term. The company's strong financial performance and positive technical indicators suggest that the stock is a good investment for the short term.
Long Term Outlook
BECN's long-term outlook is also positive. The company is well-positioned to benefit from the growing demand for roofing and construction materials. BECN's strong financial profile and experienced management team should enable the company to continue to grow in the long term.
Analyst Recommendations
The majority of analysts have a buy rating on BECN. The average analyst target price is $114.26, which represents a potential upside of 10.6% from the current price.
