RBC Capital analyst Michael Dahl maintained a Sell rating on Beacon Roofing Supply (NASDAQ:BECN) on Friday, setting a price target of $19, which is approximately 23.26% below the present share price of $24.76.
Dahl expects Beacon Roofing Supply to post earnings per share (EPS) of -$1.87 for the second quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Hold rating of shares in Beacon Roofing Supply, with an average price target of $23.
The analysts price targets range from a high of $34 to a low of $13.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.46 billion and a net profit of -$180.96 million. The company's market cap is $1.71 billion.
According to TipRanks.com, RBC Capital analyst Michael Dahl is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.8% and a 47.08% success rate.
Beacon Roofing Supply, Inc. engages in the distribution of residential and non-residential roofing materials. It also distributes complementary building products including siding, windows, specialty exterior building products, insulation, and waterproofing systems for building exteriors. The company was founded on August 22, 1997 and is headquartered in Herndon, VA.