Throughout the last three months, 13 analysts have evaluated Summit Materials SUM, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 4 | 6 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 3 | 0 | 0 |
| 2M Ago | 1 | 3 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $44.92, a high estimate of $53.00, and a low estimate of $38.00. Observing a 5.84% increase, the current average has risen from the previous average price target of $42.44.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Summit Materials among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Keith Hughes | Truist Securities | Raises | Buy | $53.00 | $50.00 |
| Rohit Seth | Truist Securities | Raises | Buy | $50.00 | $46.00 |
| Mike Dahl | RBC Capital | Raises | Sector Perform | $44.00 | $39.00 |
| Adam Seiden | Barclays | Raises | Equal-Weight | $45.00 | $40.00 |
| Jerry Revich | Goldman Sachs | Raises | Neutral | $49.00 | $43.00 |
| Adrian Heurta | JP Morgan | Raises | Overweight | $47.00 | $40.00 |
| Mike Dahl | RBC Capital | Raises | Sector Perform | $39.00 | $38.00 |
| Rohit Seth | Truist Securities | Raises | Buy | $46.00 | $43.00 |
| Trey Grooms | Stephens & Co. | Maintains | Overweight | $45.00 | - |
| Mike Dahl | RBC Capital | Maintains | Sector Perform | $38.00 | - |
| Trey Grooms | Stephens & Co. | Maintains | Overweight | $45.00 | - |
| Trey Grooms | Stephens & Co. | Maintains | Overweight | $45.00 | - |
| Mike Dahl | RBC Capital | Lowers | Sector Perform | $38.00 | $43.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Summit Materials. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Summit Materials compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Summit Materials's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Summit Materials's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Summit Materials analyst ratings.
About Summit Materials
Summit Materials Inc is engaged in the production and sale of aggregates, cement, ready-mix concrete, asphalt paving mix and concrete products and owns and operates quarries, sand and gravel pits, two cement plants, cement distribution terminals, ready-mix concrete plants, asphalt plants and landfill sites. It is also engaged in paving and related services. The Company's three operating and reporting segments are the West, East and Cement segments. It operates in 21 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through its platform.
Summit Materials: A Financial Overview
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Positive Revenue Trend: Examining Summit Materials's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 19.53% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Summit Materials's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 0.45%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Summit Materials's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.13%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Summit Materials's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.06%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Summit Materials's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.01, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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