Beacon Roofing Supply, Inc. (BECN) Forms $42.07 Double Bottom; CORIX BIOSCIENCE (CXBS) Shorts Raised By 68%

August 5, 2018 – By Glen Chin

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Logo

Beacon Roofing Supply, Inc. (BECN) formed double bottom with $38.28 target or 9.00% below today’s $42.07 share price. Beacon Roofing Supply, Inc. (BECN) has $2.86 billion valuation. The stock increased 1.52% or $0.63 during the last trading session, reaching $42.07. About 793,483 shares traded. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has declined 14.29% since August 5, 2017 and is downtrending. It has underperformed by 26.86% the S&P500. Some Historical BECN News: 08/05/2018 – Beacon Roofing Supply 2Q Loss/Shr $1.07; 08/05/2018 – BEACON ROOFING 2Q ADJ LOSS/SHR 35C, EST. LOSS/SHR 9.0C; 08/05/2018 – Beacon Roofing Supply 2Q Loss $66.7M; 27/03/2018 – Beacon Roofing at Non-Deal Roadshow Hosted By SunTrust Today; 01/05/2018 – Beacon Roofing Supply Announces Acquisition Of Minnesota-Based Tri-State Builder’s Supply; 12/03/2018 Beacon Roofing at Company Marketing Hosted By Stephens Inc; 08/05/2018 – BEACON ROOFING 2Q LOSS/SHR $1.07; 23/05/2018 – Beacon Roofing Presenting at KeyCorp Conference May 29; 08/05/2018 – Beacon Roofing Supply 2Q Adj Loss/Shr 35c; 03/05/2018 – Investor Expectations to Drive Momentum within Balchem, Beacon Roofing Supply, Rice Midstream Partners LP, LTC Properties, Ubiq

CORIX BIOSCIENCE INC (OTCMKTS:CXBS) had an increase of 68% in short interest. CXBS’s SI was 4,200 shares in August as released by FINRA. Its up 68% from 2,500 shares previously. The stock decreased 20.00% or $0.05 during the last trading session, reaching $0.2. About 800 shares traded. Corix Bioscience, Inc. (OTCMKTS:CXBS) has 0.00% since August 5, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Beacon Roofing Supply, Inc. (NASDAQ:BECN) to report earnings on August, 7 after the close. They expect $1.33 earnings per share, up 58.33% or $0.49 from last year’s $0.84 per share. BECN’s profit will be $90.54M for 7.91 P/E if the $1.33 EPS becomes a reality. After $-0.35 actual earnings per share reported by Beacon Roofing Supply, Inc. for the previous quarter, Wall Street now forecasts -480.00% EPS growth.

Among 9 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Beacon Roofing Supply had 12 analyst reports since February 9, 2018 according to SRatingsIntel. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Hold” rating given on Monday, May 14 by Northcoast. The stock has “Buy” rating by Citigroup on Tuesday, June 19. The firm has “Buy” rating given on Friday, February 9 by RBC Capital Markets. As per Friday, February 9, the company rating was maintained by Citigroup. The rating was downgraded by Jefferies to “Hold” on Wednesday, May 9. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Neutral” rating by JP Morgan on Thursday, May 10. On Tuesday, February 13 the stock rating was upgraded by Wedbush to “Outperform”. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, June 28. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Buy” rating by Wedbush on Wednesday, May 9. The company was upgraded on Friday, July 20 by Stephens.

Since May 18, 2018, it had 2 insider purchases, and 0 selling transactions for $601,743 activity. NOWICKI JOSEPH M bought 2,470 shares worth $99,912. Shares for $501,831 were bought by FROST RICHARD W on Monday, June 4.

Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.52, from 1.38 in 2017Q4. It fall, as 36 investors sold Beacon Roofing Supply, Inc. shares while 89 reduced holdings. 36 funds opened positions while 71 raised stakes. 63.59 million shares or 1.89% less from 64.82 million shares in 2017Q4 were reported. The Illinois-based Segall Bryant & Hamill Llc has invested 0.01% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Tocqueville Asset Management Ltd Partnership owns 7,100 shares or 0% of their US portfolio. Spitfire Ltd Liability Corporation invested in 200,503 shares. Ameriprise Fincl Incorporated holds 0% or 140,566 shares. Daruma Capital Mngmt Ltd owns 886,421 shares. Eagle Asset Mgmt Inc owns 124,476 shares or 0.04% of their US portfolio. Stevens Capital Mgmt Ltd Partnership has 56,653 shares. 200 are owned by Atlantic Trust Grp Incorporated Limited Liability Com. Rafferty Asset Limited Liability Company accumulated 8,442 shares. Fortaleza Asset Mgmt, Illinois-based fund reported 3,825 shares. Tompkins Fincl Corporation, New York-based fund reported 561 shares. Blair William & Il invested in 0% or 7,049 shares. Oppenheimer Asset Mngmt, a New York-based fund reported 49,788 shares. Ironwood Inv Mgmt Lc accumulated 28,459 shares or 1.1% of the stock. Lomas Management Ltd Co reported 2.84% stake.

Corix Bioscience, Inc. provides cannabidiol oil for various medicinal purposes. The company has market cap of $4.97 million. It engages in the planting, harvesting, and extraction of CBD oil from the industrial Hemp plant. It currently has negative earnings. The firm was formerly known as American Housing Income Trust, Inc. and changed its name to Corix Bioscience, Inc. in June 2017.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Institutional Positions Chart

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