The latest price target for Summit Materials (NYSE:SUM) was reported by Jefferies on December 16, 2024. The analyst firm set a price target for $52.50 expecting SUM to rise to within 12 months (a possible 3.51% upside). 40 analyst firms have reported ratings in the last year.

The latest analyst rating for Summit Materials (NYSE:SUM) was provided by Jefferies, and Summit Materials downgraded their hold rating.

The last upgrade for Summit Materials Inc happened on October 29, 2024 when Barclays raised their price target to $52. Barclays previously had an equal-weight for Summit Materials Inc.

The last downgrade for Summit Materials Inc happened on December 16, 2024 when Jefferies changed their price target from $58 to $52.5 for Summit Materials Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Summit Materials, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Summit Materials was filed on December 16, 2024 so you should expect the next rating to be made available sometime around December 16, 2025.

While ratings are subjective and will change, the latest Summit Materials (SUM) rating was a downgraded with a price target of $58.00 to $52.50. The current price Summit Materials (SUM) is trading at is $50.72, which is out of the analyst’s predicted range.