Beacon Roofing Supply (BECN) Rating Lowered to Hold at BidaskClub

Beacon Roofing Supply Enhances the Customer Experience with Expanded digital capabilities. herndon, Va.–(BUSINESS WIRE)–Oct. 23, 2018– Beacon Roofing Supply, Inc. (Nasdaq:BECN) today introduced enhancements to its ecommerce platform, Beacon Pro+.

Let’s put beacon roofing supply, Inc. BECN stock into this equation and find out if it is. This approach compares a given stock’s price to its total sales, where a lower reading is generally.

Beacon Roofing Supply, Inc. (NASDAQ: BECN) is an American publicly traded company which sells residential and non-residential roofing products, as well as related building products in North America. As of January 2, 2018, upon the completion of its acquisition of Allied Building Products, the company had 589 locations throughout all 50 states and six Canadian provinces, and over 8,500 employees.

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BidaskClub cut shares of Beacon Roofing Supply (NASDAQ:BECN) from a buy rating to a hold rating in a report released on Friday, BidAskClub reports. BECN has been the topic of several other research reports. Royal Bank of Canada raised their target price on Summit Industrial Income REIT from C$11.50 to C$12.50 and gave the company [.]

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Early in the quarter, the fund completed the sales of its positions in building products companies Gypsum Management and Supply and BMC Stock Holdings. in BlueLinx (NYSE:BXC) and Beacon Roofing.

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Zacks Investment Research cut shares of Beacon Roofing Supply (NASDAQ:BECN) from a buy rating to a hold rating in a research note published on Wednesday. According to Zacks, "Higher contribution from the allied building products acquisition and successful price increases associated with a solid demand environment are expected to support Beacon Roofing’s growth.

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Pre-market today, reviews these four Industrial Goods stocks: Actuant Corporation (NYSE: ATU), Generac Holdings Inc. (NYSE: GNRC), The Middleby Corporation (NASDAQ: MIDD), and Beacon.

Wall Street expects a year-over-year increase in earnings on higher revenues when Beacon Roofing Supply (becn) reports results for the quarter. On the other hand, if they miss, the stock may move.

ArQule (NASDAQ:ARQL) was downgraded by analysts at BidaskClub from a buy rating to a hold rating. Ascendis Pharma A/S (NASDAQ:ASND) was downgraded by analysts at BidaskClub from a strong-buy rating to a buy rating. Beacon Roofing Supply (NASDAQ:BECN) was downgraded by analysts at BidaskClub from a hold rating to a sell rating.