S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet

Summit Materials (SUM) Stock Forecast & Price Target

$43.20
+0.49 (+1.15%)
(As of 03/1/2024 ET)

Summit Materials Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 10 Analyst Ratings

Analysts' Consensus Price Target

$42.30
-2.08% Downside
High Forecast$47.00
Average Forecast$42.30
Low Forecast$31.00
TypeCurrent Forecast
3/4/23 to 3/3/24
1 Month Ago
2/2/23 to 2/2/24
3 Months Ago
12/4/22 to 12/4/23
1 Year Ago
3/4/22 to 3/4/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
6 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$42.30$41.30$40.08$34.36
Predicted Upside-2.08% Downside15.04% Upside13.96% Upside23.80% Upside
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SUM Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SUM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Summit Materials Stock vs. The Competition

TypeSummit MaterialsConstruction CompaniesS&P 500
Consensus Rating Score
2.70
2.54
2.48
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside-2.08% Downside74.07% Upside6.76% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/23/2024JPMorgan Chase & Co.
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 Initiated CoverageUnderweight ➝ Overweight$40.00 ➝ $47.00+12.41%
2/16/2024Truist Financial
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 Boost TargetBuy ➝ Buy$43.00 ➝ $46.00+16.31%
2/13/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$38.00+3.15%
2/13/2024Stephens
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 Reiterated RatingOverweight ➝ Overweight$45.00+22.12%
10/24/2023Seaport Res Ptn
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R. Seth
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UpgradeNeutral ➝ Buy
9/8/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
8/4/2023Loop Capital
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 Boost TargetBuy ➝ Buy$38.00 ➝ $44.00+17.46%
7/24/2023BNP Paribas
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 DowngradeOutperform ➝ Neutral$38.00+3.04%
7/14/2023Stifel Nicolaus
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 Boost Target$42.00 ➝ $45.00+21.42%
7/14/2023Citigroup
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 Boost TargetBuy$35.00 ➝ $43.00+15.39%
7/13/2023Jefferies Financial Group
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 Boost TargetBuy$37.00 ➝ $46.00+25.65%
5/5/2023Barclays
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 Boost Target$28.00 ➝ $31.00+7.53%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 06:47 PM ET.












SUM Price Target - Frequently Asked Questions

What is Summit Materials's consensus rating and price target?

According to the issued ratings of 10 analysts in the last year, the consensus rating for Summit Materials stock is Moderate Buy based on the current 3 hold ratings and 7 buy ratings for SUM. The average twelve-month price prediction for Summit Materials is $42.30 with a high price target of $47.00 and a low price target of $31.00. Learn more on SUM's analyst rating history.

Do Wall Street analysts like Summit Materials more than its competitors?

Analysts like Summit Materials more than other Construction companies. The consensus rating score for Summit Materials is 2.70 while the average consensus rating score for construction companies is 2.54. Learn more on how SUM compares to other companies.

Is Summit Materials being downgraded by Wall Street analysts?

Over the previous 90 days, Summit Materials's stock had 1 downgrade by analysts.

Does Summit Materials's stock price have much upside?

According to analysts, Summit Materials's stock has a predicted upside of 13.23% based on their 12-month stock forecasts.

What analysts cover Summit Materials?

Summit Materials has been rated by JPMorgan Chase & Co., Royal Bank of Canada, Stephens, and Truist Financial in the past 90 days.


Stock Ratings Reports and Tools

This page (NYSE:SUM) was last updated on 3/3/2024 by MarketBeat.com Staff