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Beacon upgraded to Outperform from Market Perform at Raymond James » 06:21
12/06/21
12/06
06:21
12/06/21
06:21
BECN

Beacon

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+

Raymond James analyst Sam…

Raymond James analyst Sam Darkatsh upgraded Beacon to Outperform from Market Perform with a $62 price target. The stock trades at a double-digit free cash flow yields and has a "drama-free" balance sheet, and along with "sensible" M&A and material exposure to still-nascent non-residential end markets provides a favorable stance, Darkatsh tells investors in a research note. The analyst is also encouraged that Street views appear reasonable, with limited to no expected EBITDA growth in FY23 over FY22.

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BECN Beacon
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BECN Beacon
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12/06/21 Raymond James
Beacon upgraded to Outperform from Market Perform at Raymond James
11/29/21 Truist
Beacon downgraded to Hold from Buy at Truist
11/29/21 Truist
Beacon downgraded to Hold from Buy at Truist
11/26/21 Raymond James
Beacon risk profile continues to rise, says Raymond James
BECN Beacon
/

+

BECN Beacon
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+

BECN Beacon
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Upgrade
Beacon upgraded to Outperform from Market Perform at Raymond James » 06:14
12/06/21
12/06
06:14
12/06/21
06:14
BECN

Beacon

$52.49 /

-0.13 (-0.25%)

Raymond James analyst Sam…

Raymond James analyst Sam Darkatsh upgraded Beacon to Outperform from Market Perform with a $62 price target.

ShowHide Related Items >><<
BECN Beacon
$52.49 /

-0.13 (-0.25%)

BECN Beacon
$52.49 /

-0.13 (-0.25%)

11/29/21 Truist
Beacon downgraded to Hold from Buy at Truist
11/29/21 Truist
Beacon downgraded to Hold from Buy at Truist
11/26/21 Raymond James
Beacon risk profile continues to rise, says Raymond James
11/24/21 Stephens
Beacon Roofing price target raised to $62 from $56 at Stephens
BECN Beacon
$52.49 /

-0.13 (-0.25%)

BECN Beacon
$52.49 /

-0.13 (-0.25%)

BECN Beacon
$52.49 /

-0.13 (-0.25%)

Wednesday
Hot Stocks
BayWa r.e acquires Beacon Solar, terms not disclosed » 08:05
12/01/21
12/01
08:05
12/01/21
08:05
BECN

Beacon

$49.97 /

-1.64 (-3.18%)

BayWa r.e. announced it…

BayWa r.e. announced it has acquired Beacon Solar, the solar distribution division of Beacon. Beacon Solar will be fully integrated into BayWa r.e. Solar Systems LLC, the U.S. solar distribution business.

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BECN Beacon
$49.97 /

-1.64 (-3.18%)

BECN Beacon
$49.97 /

-1.64 (-3.18%)

11/29/21 Truist
Beacon downgraded to Hold from Buy at Truist
11/29/21 Truist
Beacon downgraded to Hold from Buy at Truist
11/26/21 Raymond James
Beacon risk profile continues to rise, says Raymond James
11/24/21 Stephens
Beacon Roofing price target raised to $62 from $56 at Stephens
BECN Beacon
$49.97 /

-1.64 (-3.18%)

BECN Beacon
$49.97 /

-1.64 (-3.18%)

BECN Beacon
$49.97 /

-1.64 (-3.18%)

Over a week ago
Downgrade
Beacon downgraded to Hold from Buy at Truist » 08:52
11/29/21
11/29
08:52
11/29/21
08:52
BECN

Beacon

$53.82 /

-1.67 (-3.01%)

Truist analyst Keith…

Truist analyst Keith Hughes downgraded Beacon to Hold from Buy with a price target of $58, down from $65. The company has benefited from substantial price/cost and management actions, including divestiture and debt paydown along with improving under-performing branches, but these benefits are set to subside in FY22, limiting upside to his FY22 EBITDA estimate, the analyst tells investors in a research note. Hughes adds that the valuation on the stock is "slightly sub-average" at 8.8-times expected FY22 EBITDA, and he doesn't see an expansion given the variability of residential roofing demand after a good year.

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BECN Beacon
$53.82 /

-1.67 (-3.01%)

BECN Beacon
$53.82 /

-1.67 (-3.01%)

11/29/21 Truist
Beacon downgraded to Hold from Buy at Truist
11/26/21 Raymond James
Beacon risk profile continues to rise, says Raymond James
11/24/21 Stephens
Beacon Roofing price target raised to $62 from $56 at Stephens
10/19/21 Jefferies
Roofing shingle shipment declines add earnings risk for Beacon, says Jefferies
BECN Beacon
$53.82 /

-1.67 (-3.01%)

BECN Beacon
$53.82 /

-1.67 (-3.01%)

BECN Beacon
$53.82 /

-1.67 (-3.01%)

Downgrade
Beacon downgraded to Hold from Buy at Truist » 06:08
11/29/21
11/29
06:08
11/29/21
06:08
BECN

Beacon

$53.82 /

-1.67 (-3.01%)

Truist analyst Keith…

Truist analyst Keith Hughes downgraded Beacon to Hold from Buy.

ShowHide Related Items >><<
BECN Beacon
$53.82 /

-1.67 (-3.01%)

BECN Beacon
$53.82 /

-1.67 (-3.01%)

11/26/21 Raymond James
Beacon risk profile continues to rise, says Raymond James
11/24/21 Stephens
Beacon Roofing price target raised to $62 from $56 at Stephens
10/19/21 Jefferies
Roofing shingle shipment declines add earnings risk for Beacon, says Jefferies
10/18/21 RBC Capital
Beacon Roofing upgraded to Outperform at RBC Capital on valuation
BECN Beacon
$53.82 /

-1.67 (-3.01%)

BECN Beacon
$53.82 /

-1.67 (-3.01%)

BECN Beacon
$53.82 /

-1.67 (-3.01%)

Recommendations
Beacon risk profile continues to rise, says Raymond James » 07:08
11/26/21
11/26
07:08
11/26/21
07:08
BECN

Beacon

$55.47 /

+0.245 (+0.44%)

Beacon's gross…

Beacon's gross margins again beat expectations in fiscal Q4 due to "highly favorable (and largely temporary)" benefits from the timing and effect of price-cost, although to a moderating degree on a sequential basis, Raymond James analyst Sam Darkatsh tells investors in a research note. That said, the risk profile of Beacon continues to rise, with residential shingle supply outpacing sell-out volumes on a year-over-year basis for the second straight quarter, and its December quarter EBITDA margin guidance was below estimates, says the analyst. Darkatsh reiterates a Market Perform rating on Beacon shares.

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BECN Beacon
$55.47 /

+0.245 (+0.44%)

BECN Beacon
$55.47 /

+0.245 (+0.44%)

11/24/21 Stephens
Beacon Roofing price target raised to $62 from $56 at Stephens
10/19/21 Jefferies
Roofing shingle shipment declines add earnings risk for Beacon, says Jefferies
10/18/21 RBC Capital
Beacon Roofing upgraded to Outperform at RBC Capital on valuation
10/18/21 RBC Capital
Beacon Roofing upgraded to Outperform from Sector Perform at RBC Capital
BECN Beacon
$55.47 /

+0.245 (+0.44%)

BECN Beacon
$55.47 /

+0.245 (+0.44%)

BECN Beacon
$55.47 /

+0.245 (+0.44%)

Recommendations
Beacon Roofing price target raised to $62 from $56 at Stephens » 13:02
11/24/21
11/24
13:02
11/24/21
13:02
BECN

Beacon Roofing

$55.79 /

+0.565 (+1.02%)

Stephens analyst Trey…

Stephens analyst Trey Grooms raised the firm's price target on Beacon Roofing to $62 from $56 and keeps an Equal Weight rating on the shares. The analyst notes that Beacon reported Q4 sales roughly in-line with expectations, while EBITDA came in ahead and guidance bracketed expectations. The long-term demand picture remains healthy for both the residential and commercial segments, but near-term growth in the Residential segment will likely be limited to pricing actions in the near-term, Grooms adds.

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BECN Beacon Roofing
$55.79 /

+0.565 (+1.02%)

BECN Beacon Roofing
$55.79 /

+0.565 (+1.02%)

10/19/21 Jefferies
Roofing shingle shipment declines add earnings risk for Beacon, says Jefferies
10/18/21 RBC Capital
Beacon Roofing upgraded to Outperform at RBC Capital on valuation
10/18/21 RBC Capital
Beacon Roofing upgraded to Outperform from Sector Perform at RBC Capital
08/23/21 Stephens
Beacon Roofing price target lowered to $56 from $67 at Stephens
BECN Beacon Roofing
$55.79 /

+0.565 (+1.02%)

BECN Beacon Roofing
$55.79 /

+0.565 (+1.02%)

BECN Beacon Roofing
$55.79 /

+0.565 (+1.02%)

On The Fly
Fly Intel: After-Hours Movers » 18:32
11/18/21
11/18
18:32
11/18/21
18:32
INTU

Intuit

$630.01 /

-5.03 (-0.79%)

, PANW

Palo Alto Networks

$520.01 /

+6.36 (+1.24%)

, VNET

21Vianet

$15.23 /

-1.215 (-7.39%)

, CAL

Caleres

$28.75 /

+1.245 (+4.53%)

, FTCH

Farfetch

$45.59 /

+0.485 (+1.08%)

, WDAY

Workday

$298.76 /

-2.38 (-0.79%)

, MATW

Matthews

$38.65 /

+0.07 (+0.18%)

, WSM

Williams-Sonoma

$218.94 /

+8.965 (+4.27%)

, AMAT

Applied Materials

$158.74 /

+2.76 (+1.77%)

, BECN

Beacon Roofing

$57.00 /

-1.515 (-2.59%)

, ROST

Ross Stores

$119.63 /

+3.12 (+2.68%)

, CNTB

Connect Biopharma

$12.00 /

-0.17 (-1.40%)

, AQB

AquaBounty

$3.13 /

-0.175 (-5.30%)

, EQT

EQT Corporation

$21.10 /

-0.31 (-1.45%)

Check out this evening's…

ShowHide Related Items >><<
WSM Williams-Sonoma
$218.94 /

+8.965 (+4.27%)

WDAY Workday
$298.76 /

-2.38 (-0.79%)

VNET 21Vianet
$15.23 /

-1.215 (-7.39%)

ROST Ross Stores
$119.63 /

+3.12 (+2.68%)

PANW Palo Alto Networks
$520.01 /

+6.36 (+1.24%)

MATW Matthews
$38.65 /

+0.07 (+0.18%)

INTU Intuit
$630.01 /

-5.03 (-0.79%)

FTCH Farfetch
$45.59 /

+0.485 (+1.08%)

EQT EQT Corporation
$21.10 /

-0.31 (-1.45%)

CNTB Connect Biopharma
$12.00 /

-0.17 (-1.40%)

CAL Caleres
$28.75 /

+1.245 (+4.53%)

BECN Beacon Roofing
$57.00 /

-1.515 (-2.59%)

AQB AquaBounty
$3.13 /

-0.175 (-5.30%)

AMAT Applied Materials
$158.74 /

+2.76 (+1.77%)

INTU Intuit
$630.01 /

-5.03 (-0.79%)

11/17/21 Wells Fargo
Intuit price target raised to $710 from $625 at Wells Fargo
11/15/21 Morgan Stanley
Intuit price target raised to $715 from $615 at Morgan Stanley
11/01/21 Deutsche Bank
Intuit initiated with a Buy at Deutsche Bank
09/14/21 Evercore ISI
Intuit's Mailchimp deal 'makes a lot of sense,' says Evercore ISI
PANW Palo Alto Networks
$520.01 /

+6.36 (+1.24%)

11/16/21 Credit Suisse
Check Point initiated with an Underperform at Credit Suisse
11/16/21 Credit Suisse
Palo Alto Networks assumed with an Outperform at Credit Suisse
11/15/21 RBC Capital
Palo Alto Networks price target raised to $590 from $560 at RBC Capital
11/15/21 Mizuho
Palo Alto Networks price target raised to $625 from $560 at Mizuho
VNET 21Vianet
$15.23 /

-1.215 (-7.39%)

10/11/21 HSBC
21Vianet initiated with a Hold at HSBC
08/25/21 Citi
21Vianet price target lowered to $33 from $43 at Citi
08/18/21 JPMorgan
21Vianet initiated with an Overweight at JPMorgan
07/07/21 Jefferies
21Vianet, GDS, ACM selloff on China concerns overdone, says Jefferies
CAL Caleres
$28.75 /

+1.245 (+4.53%)

09/07/21 Loop Capital
Caleres price target raised to $35 from $30 at Loop Capital
06/01/21 Loop Capital
Caleres price target raised to $30 from $25 at Loop Capital
06/01/21 CL King
Caleres upgraded to Buy from Neutral at CL King
11/20/20 Loop Capital
Caleres price target raised to $20 from $15 at Loop Capital
FTCH Farfetch
$45.59 /

+0.485 (+1.08%)

11/12/21 Wells Fargo
Farfetch shares 'highly compelling' amid Richemont talks, says Wells Fargo
10/04/21 Wedbush
Wedbush sees several key tailwinds for footwear and apparel sector
10/04/21 Wedbush
Farfetch initiated with a Neutral at Wedbush
09/09/21 JPMorgan
Vizio added as new best idea in SMID-cap U.S. Internet at JPMorgan
WDAY Workday
$298.76 /

-2.38 (-0.79%)

11/18/21 BMO Capital
Workday price target raised to $355 from $295 at BMO Capital
11/17/21
Fly Intel: Top five analyst upgrades
11/17/21 Cowen
Workday upgraded to Outperform from Market Perform at Cowen
11/16/21
Fly Intel: Top five analyst initiations
MATW Matthews
$38.65 /

+0.07 (+0.18%)

08/31/21 Sidoti
Matthews initiated with a Buy at Sidoti
WSM Williams-Sonoma
$218.94 /

+8.965 (+4.27%)

09/17/21
Fly Intel: Top five analyst initiations
09/17/21 BofA
Williams-Sonoma reinstated with an Underperform at BofA
08/26/21 RBC Capital
Williams-Sonoma price target raised to $199 from $191 at RBC Capital
08/26/21 Wedbush
Williams-Sonoma price target raised to $220 from $200 at Wedbush
AMAT Applied Materials
$158.74 /

+2.76 (+1.77%)

11/11/21 Wells Fargo
Applied Materials price target raised to $175 from $160 at Wells Fargo
10/14/21 Piper Sandler
Piper Sandler starts Applied Materials at Neutral with $130 price target
10/14/21 Piper Sandler
Applied Materials initiated with a Neutral at Piper Sandler
10/05/21 Lynx
Lynx would be buyer of Applied Materials, Lam Research amid pullback in semis
BECN Beacon Roofing
$57.00 /

-1.515 (-2.59%)

10/19/21 Jefferies
Roofing shingle shipment declines add earnings risk for Beacon, says Jefferies
10/18/21 RBC Capital
Beacon Roofing upgraded to Outperform at RBC Capital on valuation
10/18/21 RBC Capital
Beacon Roofing upgraded to Outperform from Sector Perform at RBC Capital
08/23/21 Stephens
Beacon Roofing price target lowered to $56 from $67 at Stephens
ROST Ross Stores
$119.63 /

+3.12 (+2.68%)

10/14/21
Fly Intel: Top five analyst downgrades
10/14/21 Loop Capital
Ross Stores downgraded to Hold from Buy at Loop Capital
10/14/21 Loop Capital
Ross Stores downgraded to Hold from Buy at Loop Capital
10/13/21 Jefferies
TJX likely to be first mover among off-pricers in raising prices, says Jefferies
CNTB Connect Biopharma
$12.00 /

-0.17 (-1.40%)

09/01/21 Piper Sandler
Piper Sandler ups Connect Biopharma target to $31 after results, pipeline update
07/02/21 CICC
Connect Biopharma initiated with an Outperform at CICC
04/13/21
Fly Intel: Top five analyst initiations
04/13/21 SVB Leerink
SVB Leerink bullish on Connect Biopharma, initiates with an Outperform
AQB AquaBounty
$3.13 /

-0.175 (-5.30%)

11/09/21 H.C. Wainwright
AquaBounty upgraded to Buy from Neutral at H.C. Wainwright
10/08/21 Roth Capital
AquaBounty initiated with a Buy at Roth Capital
06/30/21 Oppenheimer
AquaBounty initiated with an Outperform at Oppenheimer
06/01/21 Lake Street
Lake Street says AquaBounty approval in Brazil 'just the beginning'
EQT EQT Corporation
$21.10 /

-0.31 (-1.45%)

10/29/21 JPMorgan
JPMorgan upgrades EQT Corporation with 'bear narrative' played out
10/29/21 JPMorgan
EQT Corporation upgraded to Overweight from Neutral at JPMorgan
10/18/21 Mizuho
EQT Corporation price target raised to $35 from $29 at Mizuho
10/07/21 Truist
EQT Corporation price target raised to $34 from $29 at Truist
WSM Williams-Sonoma
$218.94 /

+8.965 (+4.27%)

WDAY Workday
$298.76 /

-2.38 (-0.79%)

VNET 21Vianet
$15.23 /

-1.215 (-7.39%)

ROST Ross Stores
$119.63 /

+3.12 (+2.68%)

PANW Palo Alto Networks
$520.01 /

+6.36 (+1.24%)

MATW Matthews
$38.65 /

+0.07 (+0.18%)

INTU Intuit
$630.01 /

-5.03 (-0.79%)

FTCH Farfetch
$45.59 /

+0.485 (+1.08%)

EQT EQT Corporation
$21.10 /

-0.31 (-1.45%)

CAL Caleres
$28.75 /

+1.245 (+4.53%)

BECN Beacon Roofing
$57.00 /

-1.515 (-2.59%)

AQB AquaBounty
$3.13 /

-0.175 (-5.30%)

AMAT Applied Materials
$158.74 /

+2.76 (+1.77%)

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  • 19
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  • 10
    Dec
  • 09
    Dec
WDAY Workday
$298.76 /

-2.38 (-0.79%)

ROST Ross Stores
$119.63 /

+3.12 (+2.68%)

PANW Palo Alto Networks
$520.01 /

+6.36 (+1.24%)

INTU Intuit
$630.01 /

-5.03 (-0.79%)

FTCH Farfetch
$45.59 /

+0.485 (+1.08%)

AMAT Applied Materials
$158.74 /

+2.76 (+1.77%)

WSM Williams-Sonoma
$218.94 /

+8.965 (+4.27%)

WDAY Workday
$298.76 /

-2.38 (-0.79%)

VNET 21Vianet
$15.23 /

-1.215 (-7.39%)

ROST Ross Stores
$119.63 /

+3.12 (+2.68%)

PANW Palo Alto Networks
$520.01 /

+6.36 (+1.24%)

INTU Intuit
$630.01 /

-5.03 (-0.79%)

FTCH Farfetch
$45.59 /

+0.485 (+1.08%)

EQT EQT Corporation
$21.10 /

-0.31 (-1.45%)

CAL Caleres
$28.75 /

+1.245 (+4.53%)

BECN Beacon Roofing
$57.00 /

-1.515 (-2.59%)

AMAT Applied Materials
$158.74 /

+2.76 (+1.77%)

WSM Williams-Sonoma
$218.94 /

+8.965 (+4.27%)

WDAY Workday
$298.76 /

-2.38 (-0.79%)

VNET 21Vianet
$15.23 /

-1.215 (-7.39%)

ROST Ross Stores
$119.63 /

+3.12 (+2.68%)

PANW Palo Alto Networks
$520.01 /

+6.36 (+1.24%)

INTU Intuit
$630.01 /

-5.03 (-0.79%)

FTCH Farfetch
$45.59 /

+0.485 (+1.08%)

EQT EQT Corporation
$21.10 /

-0.31 (-1.45%)

CNTB Connect Biopharma
$12.00 /

-0.17 (-1.40%)

CAL Caleres
$28.75 /

+1.245 (+4.53%)

BECN Beacon Roofing
$57.00 /

-1.515 (-2.59%)

AMAT Applied Materials
$158.74 /

+2.76 (+1.77%)

Earnings
Beacon Roofing reports Q4 EPS $1.21, consensus $1.54 » 16:01
11/18/21
11/18
16:01
11/18/21
16:01
BECN

Beacon Roofing

$56.72 /

-1.79 (-3.06%)

Reports Q4 revenue…

Reports Q4 revenue $1.875B, consensus $1.88B. "In fiscal 2021, we demonstrated the strength of our platform by generating record top line and bottom line results, building a solid foundation for our future ambitions," said Julian Francis, Beacon's President and Chief Executive Officer. "Focused market and price execution also drove the highest fourth quarter sales and Adjusted EBITDA in our history. Our team continued to deliver high-value solutions to our customers' critical building material needs in a supply-challenged environment. Furthermore, the progress on our strategic initiatives and operational improvements has been transformational throughout fiscal 2021. We have focused our business on our core exteriors customer and strengthened our balance sheet. Today, we have ample capacity to make strategic investments and drive enhanced growth. Looking forward, we have the right leadership team to execute on a multi-year runway of market opportunities that will create value for all of our stakeholders."

ShowHide Related Items >><<
BECN Beacon Roofing
$56.72 /

-1.79 (-3.06%)

BECN Beacon Roofing
$56.72 /

-1.79 (-3.06%)

10/19/21 Jefferies
Roofing shingle shipment declines add earnings risk for Beacon, says Jefferies
10/18/21 RBC Capital
Beacon Roofing upgraded to Outperform at RBC Capital on valuation
10/18/21 RBC Capital
Beacon Roofing upgraded to Outperform from Sector Perform at RBC Capital
08/23/21 Stephens
Beacon Roofing price target lowered to $56 from $67 at Stephens
BECN Beacon Roofing
$56.72 /

-1.79 (-3.06%)

BECN Beacon Roofing
$56.72 /

-1.79 (-3.06%)

BECN Beacon Roofing
$56.72 /

-1.79 (-3.06%)

Options
Beacon Roofing options imply 4.2% move in share price post-earnings » 15:34
11/18/21
11/18
15:34
11/18/21
15:34
BECN

Beacon Roofing

$56.82 /

-1.69 (-2.89%)

Pre-earnings options…

Pre-earnings options volume in Beacon Roofing is 1.1x normal with calls leading puts 11:2. Implied volatility suggests the market is anticipating a move near 4.2%, or $2.40, after results are released. Median move over the past eight quarters is 2.2%.

ShowHide Related Items >><<
BECN Beacon Roofing
$56.82 /

-1.69 (-2.89%)

BECN Beacon Roofing
$56.82 /

-1.69 (-2.89%)

10/19/21 Jefferies
Roofing shingle shipment declines add earnings risk for Beacon, says Jefferies
10/18/21 RBC Capital
Beacon Roofing upgraded to Outperform at RBC Capital on valuation
10/18/21 RBC Capital
Beacon Roofing upgraded to Outperform from Sector Perform at RBC Capital
08/23/21 Stephens
Beacon Roofing price target lowered to $56 from $67 at Stephens
BECN Beacon Roofing
$56.82 /

-1.69 (-2.89%)

BECN Beacon Roofing
$56.82 /

-1.69 (-2.89%)

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