Beacon Roofing Supply (BECN) Price Target Lowered to $60.00 at Citigroup

Lloyd Doyle
February 25, 2018

Skylands Capital Llc bought 189,900 shares as the company's stock rose 6.61% with the market. Voya Investment Lc holds 0.13% or 1.17 million shares. Coca Cola Co now has $187.64B valuation.

The stock increased 0.30% or $0.05 during the last trading session, reaching $16.8. The Coca-Cola Company (NYSE:KO) has declined 0.95% since February 25, 2017 and is downtrending. It has underperformed by 17.65% the S&P500. Rmb Capital Management Llc who had been investing in Beacon Roofing Supply Inc for a number of months, seems to be less bullish one the $3.73B market cap company.

Beacon Roofing Supply (NASDAQ:BECN) was downgraded by investment analysts at BidaskClub from a "sell" rating to a "strong sell" rating in a research report issued to clients and investors on Wednesday, February 14th. The institutional investor held 88,690 shares of the savings institutions company at the end of 2017Q3, valued at $4.38M, up from 77,315 at the end of the previous reported quarter. Beacon Roofing Supply had a return on equity of 9.60% and a net margin of 3.29%. (NASDAQ:BECN) traded up $1.61 on Friday, hitting $54.85. About 489,768 shares traded.

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. (NASDAQ:BECN) to report earnings on May, 3. It has outperformed by 0.64% the S&P500. (NASDAQ:BECN). Invesco Limited owns 68,521 shares. The company has market cap of $24.75 million. Its down 38.87% from 24,700 shares previously. BlackRock Inc. now owns 4,740,160 shares of the company's stock valued at $302,231,000 after buying an additional 369,588 shares during the period. Royal Commercial Bank Of Canada accumulated 1.20 million shares. Its down 0.14, from 0.94 in 2017Q2. It also reduced its holding in Conagra Brands Inc. Adams Diversified Equity Fund invested 0.45% of its portfolio in The Coca-Cola Company (NYSE:KO). Moreover, Cornerstone Mgmt Holdings Ltd Liability Corporation has 0.52% invested in The Coca-Cola Company (NYSE:KO). The Oklahoma-based Prescott Group Capital Management L.L.C. has invested 1.86% in the stock.

Investors sentiment is 0.88 in 2017 Q3. Markston Ltd Liability owns 929 shares. Two Sigma Secs Limited Liability Com holds 5,682 shares or 0.03% of its portfolio. Highbridge Mngmt Limited Com accumulated 72,083 shares. Jefferies maintained it with "Hold" rating and $50.0 target in Friday, October 6 report. 29,443 are owned by Country Club Na.

Among 22 analysts covering Coca-Cola (NYSE:KO), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 57% are positive. TrueCar had 39 analyst reports since July 24, 2015 according to SRatingsIntel. (NASDAQ:TRUE) has "Mkt Perform" rating given on Friday, February 19 by JMP Securities. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 11 with "Hold". The firm earned "Outperform" rating on Tuesday, November 14 by Wells Fargo. RBC Capital Markets maintained the shares of BECN in report on Tuesday, November 14 with "Buy" rating. The stock has "Neutral" rating by Wedbush on Wednesday, September 7. Morgan Stanley maintained the shares of TRUE in report on Thursday, July 20 with "Underweight" rating. Loop Capital has "Hold" rating and $11 target. (NASDAQ:BECN) has "Hold" rating given on Tuesday, June 13 by Jefferies. Parkside Financial Bank And Trust reported 1,066 shares. Ngp Mr Management Llc owns 176,634 shares or 1.87% of their United States portfolio.

Among 18 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 100% are positive. Cambiar Invsts Limited Company has invested 0.18% in Beacon Roofing Supply, Inc.

Analysts await Beacon Roofing Supply, Inc. Zions Bancorporation bought a new position in Beacon Roofing Supply during the third quarter valued at about $124,000. HSBC Holdings plc (NYSE:HSBC) has risen 38.28% since February 23, 2017 and is uptrending. The firm earned "Buy" rating on Thursday, October 19 by Jefferies.

Shares of Beacon Roofing Supply, Inc. The firm has "Neutral" rating by Citigroup given on Monday, January 11. The stock presently has a consensus rating of Buy and a consensus target price of $60.45. RBC Capital Markets maintained the shares of BECN in report on Monday, August 10 with "Sector Perform" rating. As per Tuesday, July 28, the company rating was upgraded by Raymond James.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BECN. Hudson Valley Investment Advisors Inc Adv owns 8,155 shares or 0.25% of their U.S. portfolio. Cambridge Invest Research has 0% invested in Beacon Roofing Supply, Inc. Credit Suisse Ag reported 78,594 shares. Tiaa Cref Invest Mngmt Ltd Liability invested in 0.01% or 169,904 shares. Meeder Asset reported 468 shares. Fisher Asset Management Ltd holds 1.69 million shares. Macquarie Group Ltd. purchased a new stake in shares of Beacon Roofing Supply in the fourth quarter valued at about $147,000.

Monarch Partners Asset Management LLC decreased its position in shares of Beacon Roofing Supply, Inc.

ILLEGAL ACTIVITY NOTICE: "Beacon Roofing Supply (NASDAQ:BECN) Updates FY18 Earnings Guidance" was published by The Lincolnian Online and is owned by of The Lincolnian Online. Teacher Retirement Sys Of Texas reported 5,511 shares.

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