Should Value Investors Pick Beacon Roofing Supply (BECN) Now?
Zacks Investment Research | Jan 03, 2022 09:30PM ET
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Beacon Roofing Supply (NASDAQ:BECN) Beacon Roofing Supply, Inc. Quote
This bullish trend is why the stock has a Zacks Rank #2 (Buy) and why we are expecting outperformance from the company in the near term.
Bottom Line/h3
Beacon Roofing Supply is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. Boasting a solid industry rank (top 1%) and a top Zacks Rank, the company deserves attention right now. However, over the past two years, the sector has underperformed the broader market, as you can see below:
Nonetheless, it might pay for value investors to delve deeper into the company’s prospects, as fundamentals indicate that this stock could be a compelling pick.
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