Beacon Roofing Supply, Inc. : The underlying trend is to the upside

05/12/2022 | 10:22am EDT

Tommy Douziech

long trade Live

Entry price : 59.43$ | Target : 74$ | Stop-loss : 54$ | Potential : 24.52%

The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend. Investors have an opportunity to buy the stock and target the $ 74.

Summary

• The company presents an interesting fundamental situation from a short-term investment perspective.

Strengths

• The stock, which is currently worth 2022 to 0.66 times its sales, is clearly overvalued in comparison with peers.
• Over the past year, analysts have regularly revised upwards their sales forecast for the company.
• Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
• Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

Weaknesses

• With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
• The company's profitability before interest, taxes, depreciation and amortization characterizes fragile margins.
• The group usually releases earnings worse than estimated.

Ratings chart

Subsector Construction Supplies & Fixtures Wholesale

1st jan. Capitalization (M$) Investor Rating BEACON ROOFING SUPPLY, INC. 7.62% 4 212 FERGUSON PLC -24.65% 25 922 REECE LIMITED -41.07% 7 120 BOISE CASCADE COMPANY 11.47% 3 131 BLUELINX HOLDINGS INC. -6.62% 864 CHIN HIN GROUP BERHAD 43.68% 756 HARDWOODS DISTRIBUTION INC. -25.85% 611 SIG PLC -19.26% 543 DOMAN BUILDING MATERIALS GR.. -10.81% 465 NORDIC WATERPROOFING HOLDIN.. -25.47% 395

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