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NYSE:SUM

Summit Materials - SUM Stock Forecast, Price & News

$31.38
-0.47 (-1.48%)
(As of 08/15/2022 11:58 AM ET)
Add
Compare
Today's Range
$31.23
$31.79
50-Day Range
$22.61
$31.85
52-Week Range
$21.99
$41.46
Volume
16,643 shs
Average Volume
798,440 shs
Market Capitalization
$3.71 billion
P/E Ratio
13.64
Dividend Yield
N/A
Price Target
$32.29

Summit Materials MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
1.8% Upside
$32.29 Price Target
Short Interest
Healthy
4.18% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.04
Upright™ Environmental Score
News Sentiment
0.26mentions of Summit Materials in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.74%
From $1.37 to $1.75 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.75 out of 5 stars

Construction Sector

82nd out of 106 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

12th out of 16 stocks

SUM stock logo

About Summit Materials (NYSE:SUM) Stock

Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, and residential and nonresidential end markets. It operates through three segments: West, East, and Cement. The company's products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. It has operations in the United States; and in British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SUM. Royal Bank of Canada raised Summit Materials from a "sector perform" rating to an "outperform" rating and decreased their price target for the stock from $33.00 to $31.00 in a report on Wednesday, June 22nd. Morgan Stanley boosted their target price on Summit Materials from $27.00 to $29.00 and gave the company an "equal weight" rating in a report on Monday, August 8th. DA Davidson boosted their target price on Summit Materials to $33.00 in a report on Tuesday, August 9th. StockNews.com upgraded Summit Materials from a "sell" rating to a "hold" rating in a research report on Thursday, August 4th. Finally, The Goldman Sachs Group dropped their price target on Summit Materials from $34.00 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday, June 23rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $32.29.

Summit Materials Stock Performance

NYSE:SUM traded up $0.50 on Friday, hitting $31.85. 741,404 shares of the company's stock were exchanged, compared to its average volume of 530,911. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.17 and a quick ratio of 1.94. The firm's 50-day moving average price is $25.70 and its two-hundred day moving average price is $28.67. Summit Materials has a fifty-two week low of $21.99 and a fifty-two week high of $41.46. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 13.85 and a beta of 1.37.

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SUM Stock News Headlines

Summit Materials (NYSE:SUM) Rating Increased to B at TheStreet
Summit Materials (NYSE:SUM) PT Raised to $33.00 at DA Davidson
6 Analysts Have This to Say About Summit Materials
Summit Materials (NYSE:SUM) Upgraded by StockNews.com to "Hold"
Earnings Outlook For Summit Materials
What factors will move the Summit Materials share price?
Summit Materials Misses Q1 EPS by 3c
See More Headlines
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SUM Company Calendar

Last Earnings
11/03/2021
Today
8/15/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
5,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$32.29
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+2.9%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$154.28 million
Pretax Margin
14.80%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$3.06 per share
Book Value
$15.36 per share

Miscellaneous

Free Float
117,342,000
Market Cap
$3.71 billion
Optionable
Optionable
Beta
1.37

Key Executives














SUM Stock - Frequently Asked Questions

Should I buy or sell Summit Materials stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SUM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SUM, but not buy additional shares or sell existing shares.
View SUM analyst ratings
or view top-rated stocks.

What is Summit Materials' stock price forecast for 2022?

7 brokerages have issued 12-month price targets for Summit Materials' shares. Their SUM share price forecasts range from $28.00 to $40.00. On average, they anticipate the company's share price to reach $32.29 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
View analysts price targets for SUM
or view top-rated stocks among Wall Street analysts.

How have SUM shares performed in 2022?

Summit Materials' stock was trading at $40.14 at the start of the year. Since then, SUM stock has decreased by 20.7% and is now trading at $31.85.
View the best growth stocks for 2022 here
.

When is Summit Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SUM earnings forecast
.

How were Summit Materials' earnings last quarter?

Summit Materials, Inc. (NYSE:SUM) posted its quarterly earnings results on Wednesday, November, 3rd. The construction company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. The construction company had revenue of $662.26 million for the quarter, compared to the consensus estimate of $686.90 million. Summit Materials had a net margin of 11.31% and a trailing twelve-month return on equity of 7.54%. During the same quarter last year, the company earned $0.55 EPS.

What is Thomas Hill's approval rating as Summit Materials' CEO?

7 employees have rated Summit Materials Chief Executive Officer Thomas Hill on Glassdoor.com. Thomas Hill has an approval rating of 100% among the company's employees. This puts Thomas Hill in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Summit Materials own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Materials investors own include Intel (INTC), Pfizer (PFE), Block (SQ), Raytheon Technologies (RTX), Western Digital (WDC), Bank of America (BAC), Johnson & Johnson (JNJ), Altria Group (MO), AT&T (T) and UnitedHealth Group (UNH).

When did Summit Materials IPO?

(SUM) raised $400 million in an IPO on Thursday, March 12th 2015. The company issued 22,200,000 shares at $17.00-$19.00 per share. Citigroup, Goldman Sachs, BofA Merrill Lynch, Barclays, Deutsche Bank Securities and RBC Capital Markets acted as the underwriters for the IPO and Blackstone Capital Markets, BB&T Capital Markets, Stephens, Sterne Agee and Stifel were co-managers.

What is Summit Materials' stock symbol?

Summit Materials trades on the New York Stock Exchange (NYSE) under the ticker symbol "SUM."

Who are Summit Materials' major shareholders?

Summit Materials' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (7.76%), Principal Financial Group Inc. (5.96%), Franklin Resources Inc. (3.37%), Jennison Associates LLC (2.06%), Eagle Asset Management Inc. (1.85%) and Victory Capital Management Inc. (1.55%). Insiders that own company stock include Anne K Wade, Anne Lee Benedict, Anne P Noonan, Brian James Harris, Howard L Lance, John Raymond Murphy, Joseph S Cantie and Mikel Shane Evans.
View institutional ownership trends
.

How do I buy shares of Summit Materials?

Shares of SUM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Summit Materials' stock price today?

One share of SUM stock can currently be purchased for approximately $31.85.

How much money does Summit Materials make?

Summit Materials (NYSE:SUM) has a market capitalization of $3.77 billion and generates $2.41 billion in revenue each year. The construction company earns $154.28 million in net income (profit) each year or $2.30 on an earnings per share basis.

How many employees does Summit Materials have?

The company employs 5,500 workers across the globe.

How can I contact Summit Materials?

Summit Materials' mailing address is 1550 Wynkoop Street 3rd Floor, Denver CO, 80202. The official website for the company is www.summit-materials.com. The construction company can be reached via phone at (303) 893-0012, via email at brian.harris@summit-materials.com, or via fax at 303-893-6993.

This page (NYSE:SUM) was last updated on 8/15/2022 by MarketBeat.com Staff

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