Economy

Beacon Roofing Supply, Inc. (BECN) to Release Quarterly Earnings on Monday

The stock declined 2.00% or $0.93 reaching $45.63 on the news. 670,297 shares of the stock traded hands, compared to its average volume of 536,890. (NASDAQ:BECN) has risen 17.34% since November 19, 2016 and is uptrending. It has outperformed by 0.64% the S&P500. Beacon Roofing Supply had 37 analyst reports since July 28, 2015 according to SRatingsIntel. Avalon Advisors Llc acquired 9,200 shares as Main Street Cap Corp Com (MAIN)'s stock rose 2.44%. The firm owned 3,022 shares of the company's stock at the end of the first quarter. The stock increased 1.13% or $0.46 on November 17, reaching $41.04. About 109,357 shares traded. Incyte Corporation (NASDAQ:INCY) has risen 72.84% since November 19, 2016 and is uptrending. It has outperformed by 6.63% the S&P500. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. Therefore 75% are positive. Incyte has $18000 highest and $85 lowest target. They now have a $46.00 price target on the stock, down from their prior price target of $52.00. BidaskClub cut shares of Beacon Roofing Supply from a "sell" rating to a "strong sell" rating in a report on Wednesday, August 2nd. As per Wednesday, July 29, the company rating was upgraded by CL King. On Friday, August 25 the stock rating was upgraded by Jefferies to "Buy". As per Wednesday, July 5, the company rating was maintained by Oppenheimer. On Friday, June 30 the stock rating was maintained by RBC Capital Markets with "Buy". The firm has "Outperform" rating by RBC Capital Markets given on Tuesday, November 22. (NASDAQ:BECN) has "Buy" rating given on Monday, July 24 by RBC Capital Markets. As per Wednesday, May 31, the company rating was reinitiated by Wedbush. The firm earned "Outperform" rating on Thursday, October 26 by Credit Suisse. Cramer Rosenthal Mcglynn LLC increased its stake in Beacon Roofing Supply by 51.2% in the second quarter. Cooper Companies Inc (NYSE:COO) was reduced too.

Sell-side analysts have also provided a consensus recommendation of 1.90 on company shares. Siegel Eric H. sold 1,820 shares worth $236,600.

Investors sentiment increased to 0.99 in Q2 2017. Its up 0.15, from 0.79 in 2017Q1. It turned negative, as 57 investors sold INCY shares while 158 reduced holdings. 15 funds opened positions while 54 raised stakes. Employees Retirement Systems Of Texas accumulated 232 shares or 0% of the stock. Capital Fund, a France-based fund reported 18,500 shares. Partnervest Advisory Services Ltd Llc owns 18,087 shares. Cetera Advsr Limited stated it has 0.07% in Main Street Capital Corporation (NYSE:MAIN). Fincl Architects Incorporated invested in 0% or 700 shares. The institutional investor owned 228,911 shares of the company's stock after purchasing an additional 151,907 shares during the period. The Florida-based Thomas J Herzfeld Advsrs Inc has invested 0.01% in Incyte Corporation (NASDAQ:INCY). Geode Capital Management Limited Liability Co holds 521,826 shares. Adage Prns Group Ltd, Massachusetts-based fund reported 707,559 shares. Bb Biotech Ag invested 13.53% in Incyte Corporation (NASDAQ:INCY). Mirae Asset Global Investments invested 0.1% of its portfolio in The Coca-Cola Co (NYSE:KO). Jennison Assocs Ltd Liability Company holds 0.01% or 279,488 shares in its portfolio. (NASDAQ:BECN). Invesco invested in 65,819 shares or 0% of the stock.

Days to cover increased from 2.0 to 5.0 and the percentage of shorted shares is 0.04% as of October 13. Its up 0.17, from 0.82 in 2017Q1.

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A number of large investors have recently bought and sold shares of BECN. 17 funds opened positions while 69 raised stakes. Ironwood Invest Mgmt Lc holds 28,737 shares or 1.02% of its portfolio. (NASDAQ:BECN). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 1,685 shares. Paloma Partners Commerce stated it has 18,075 shares. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 116 shares. Franklin Resource Inc holds 753,212 shares. The Illinois-based Blair William And Il has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 28,737 shares. Vanguard Group Inc. boosted its stake in shares of Beacon Roofing Supply by 1.0% during the 2nd quarter. Jefferies maintained the stock with "Buy" rating in Wednesday, October 11 report. (NASDAQ:BECN) or 362 shares. 1st Global Advisors Inc. boosted its stake in shares of Beacon Roofing Supply by 0.8% during the 2nd quarter. Tiaa Cref Inv Limited Liability owns 165,864 shares.

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. Howard Capital Management who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $194.41 billion market cap company. It also distributes complementary building products for residential and non-residential building exteriors. It has a 32.99 P/E ratio. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.

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