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Summit Materials
SUMNYSE
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Summit Materials (NYSE:SUM) Stock, Analyst Ratings, Price Targets, Forecasts
Summit Materials Inc has a consensus price target of $43.29 based on the ratings of 18 analysts. The high is $53 issued by Truist Securities on April 2, 2024. The low is $26 issued by DA Davidson on July 1, 2022. The 3 most-recent analyst ratings were released by Citigroup, Stifel, and Stephens & Co. on July 11, 2024, July 3, 2024, and May 3, 2024, respectively. With an average price target of $47 between Citigroup, Stifel, and Stephens & Co., there's an implied 21.67% upside for Summit Materials Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Citigroup
Stifel
Stephens & Co.
RBC Capital
Truist Securities
1calculated from analyst ratings
Analyst Ratings for Summit Materials
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/11/2024 | Buy Now | 13.9% | Citigroup | Anthony Pettinari | $51 → $44 | Maintains | Buy | Get Alert |
| 07/03/2024 | Buy Now | 21.67% | Stifel | Stanley Elliott | $55 → $47 | Maintains | Buy | Get Alert |
| 05/03/2024 | Buy Now | 29.43% | Stephens & Co. | Trey Grooms | $47 → $50 | Maintains | Overweight | Get Alert |
| 05/03/2024 | Buy Now | 19.08% | RBC Capital | Mike Dahl | $44 → $46 | Maintains | Sector Perform | Get Alert |
| 04/05/2024 | Buy Now | 32.02% | Citigroup | Anthony Pettinari | $46 → $51 | Maintains | Buy | Get Alert |
| 04/02/2024 | Buy Now | 37.2% | Truist Securities | Keith Hughes | $50 → $53 | Maintains | Buy | Get Alert |
| 03/15/2024 | Buy Now | 29.43% | Truist Securities | Rohit Seth | $46 → $50 | Maintains | Buy | Get Alert |
| 03/14/2024 | Buy Now | 13.9% | RBC Capital | Mike Dahl | $39 → $44 | Maintains | Sector Perform | Get Alert |
| 03/14/2024 | Buy Now | 16.49% | Barclays | Adam Seiden | $40 → $45 | Maintains | Equal-Weight | Get Alert |
| 03/14/2024 | Buy Now | 26.84% | Goldman Sachs | Jerry Revich | $43 → $49 | Maintains | Neutral | Get Alert |
| 02/23/2024 | Buy Now | 21.67% | JP Morgan | Adrian Heurta | $40 → $47 | Upgrade | Underweight → Overweight | Get Alert |
| 02/16/2024 | Buy Now | 0.96% | RBC Capital | Mike Dahl | $38 → $39 | Maintains | Sector Perform | Get Alert |
| 02/16/2024 | Buy Now | 19.08% | Truist Securities | Rohit Seth | $43 → $46 | Maintains | Buy | Get Alert |
| 02/15/2024 | Buy Now | 16.49% | Stephens & Co. | Trey Grooms | → $45 | Reiterates | Overweight → Overweight | Get Alert |
| 02/13/2024 | Buy Now | -1.63% | RBC Capital | Mike Dahl | → $38 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 02/13/2024 | Buy Now | 16.49% | Stephens & Co. | Trey Grooms | → $45 | Reiterates | Overweight → Overweight | Get Alert |
| 01/12/2024 | Buy Now | 16.49% | Stephens & Co. | Trey Grooms | → $45 | Reiterates | Overweight → Overweight | Get Alert |
| 01/12/2024 | Buy Now | -1.63% | RBC Capital | Mike Dahl | $43 → $38 | Downgrade | Outperform → Sector Perform | Get Alert |
| 10/24/2023 | Buy Now | 21.67% | Seaport Global | Rohit Seth | → $47 | Upgrade | Neutral → Buy | Get Alert |
| 09/12/2023 | Buy Now | 11.31% | Truist Securities | Rohit Seth | $48 → $43 | Maintains | Buy | Get Alert |
| 09/08/2023 | Buy Now | — | Wolfe Research | Timna Tanners | — | Downgrade | Outperform → Peer Perform | Get Alert |
| 09/05/2023 | Buy Now | 24.26% | Truist Securities | Rohit Seth | → $48 | Reiterates | Buy → Buy | Get Alert |
| 08/24/2023 | Buy Now | 3.55% | JP Morgan | Adrian Heurta | $37 → $40 | Maintains | Underweight | Get Alert |
| 08/07/2023 | Buy Now | 24.26% | Truist Securities | Rohit Seth | $40 → $48 | Maintains | Buy | Get Alert |
| 08/04/2023 | Buy Now | 13.9% | Loop Capital | Garik Shmois | $38 → $44 | Maintains | Buy | Get Alert |
| 08/04/2023 | Buy Now | 11.31% | RBC Capital | Mike Dahl | $36 → $43 | Maintains | Outperform | Get Alert |
| 08/04/2023 | Buy Now | 24.26% | Stephens & Co. | Trey Grooms | $36 → $48 | Maintains | Overweight | Get Alert |
| 07/24/2023 | Buy Now | -1.63% | Exane BNP Paribas | Paul Roger | → $38 | Downgrade | Outperform → Neutral | Get Alert |
| 07/17/2023 | Buy Now | 6.14% | Goldman Sachs | Jerry Revich | $36 → $41 | Maintains | Neutral | Get Alert |
| 07/14/2023 | Buy Now | 11.31% | Citigroup | Anthony Pettinari | $35 → $43 | Maintains | Buy | Get Alert |
| 07/13/2023 | Buy Now | 19.08% | Jefferies | Philip Ng | $37 → $46 | Maintains | Buy | Get Alert |
| 07/06/2023 | Buy Now | -4.22% | JP Morgan | Adrian Heurta | $32 → $37 | Downgrade | Neutral → Underweight | Get Alert |
| 06/23/2023 | Buy Now | 3.55% | Truist Securities | Rohit Seth | $40 → $40 | Reiterates | Buy → Buy | Get Alert |
| 05/08/2023 | Buy Now | -9.4% | Citigroup | Anthony Pettinari | $33 → $35 | Maintains | Buy | Get Alert |
| 05/08/2023 | Buy Now | -6.81% | Stephens & Co. | Trey Grooms | → $36 | Reiterates | → Overweight | Get Alert |
| 05/05/2023 | Buy Now | -6.81% | RBC Capital | Mike Dahl | $35 → $36 | Maintains | Outperform | Get Alert |
| 05/05/2023 | Buy Now | -6.81% | Goldman Sachs | Jerry Revich | $32 → $36 | Maintains | Neutral | Get Alert |
| 05/05/2023 | Buy Now | -19.75% | Barclays | Adam Seiden | $28 → $31 | Maintains | Equal-Weight | Get Alert |
| 05/04/2023 | Buy Now | -6.81% | Stephens & Co. | Trey Grooms | → $36 | Reiterates | → Overweight | Get Alert |
| 02/16/2023 | Buy Now | -4.22% | Stephens & Co. | Trey Grooms | → $37 | Reiterates | → Overweight | Get Alert |
| 02/10/2023 | Buy Now | — | Seaport Global | Rohit Seth | — | Initiates | → Neutral | Get Alert |
| 01/23/2023 | Buy Now | -27.52% | Goldman Sachs | Jerry Revich | $25 → $28 | Maintains | Neutral | Get Alert |
| 01/20/2023 | Buy Now | -17.16% | Morgan Stanley | Courtney Yakavonis | $30 → $32 | Maintains | Equal-Weight | Get Alert |
| 01/13/2023 | Buy Now | 3.55% | Truist Securities | Rohit Seth | → $40 | Initiates | → Buy | Get Alert |
| 12/19/2022 | Buy Now | 16.49% | Stifel | Stanley Elliott | $48 → $45 | Maintains | Buy | Get Alert |
| 12/14/2022 | Buy Now | -22.34% | Morgan Stanley | Courtney Yakavonis | $28 → $30 | Maintains | Equal-Weight | Get Alert |
| 12/08/2022 | Buy Now | -11.99% | JP Morgan | Adrian Heurta | $36.38 → $33.43 | Maintains | Overweight | Get Alert |
| 11/08/2022 | Buy Now | -14.57% | Citigroup | Anthony Pettinari | $28.52 → $32.45 | Maintains | Buy | Get Alert |
| 10/14/2022 | Buy Now | -36.58% | Goldman Sachs | Jerry Revich | $28.02 → $24.09 | Maintains | Neutral | Get Alert |
| 10/13/2022 | Buy Now | -27.52% | Morgan Stanley | Courtney Yakavonis | $28.52 → $27.53 | Maintains | Equal-Weight | Get Alert |
| 10/10/2022 | Buy Now | -24.93% | Citigroup | Anthony Pettinari | $34.41 → $28.52 | Maintains | Buy | Get Alert |
| 10/03/2022 | Buy Now | -6.81% | Jefferies | Philip Ng | $37.36 → $35.4 | Maintains | Buy | Get Alert |
| 09/22/2022 | Buy Now | -4.22% | JP Morgan | Adrian Huerta | $29.5 → $36.38 | Maintains | Overweight | Get Alert |
| 08/08/2022 | Buy Now | -24.93% | Morgan Stanley | Courtney Yakavonis | $26.55 → $28.52 | Maintains | Equal-Weight | Get Alert |
| 07/18/2022 | Buy Now | -30.11% | Morgan Stanley | Courtney Yakavonis | $34.41 → $26.55 | Maintains | Equal-Weight | Get Alert |
| 07/14/2022 | Buy Now | -27.52% | Wolfe Research | Timna Tanners | $40.31 → $27.53 | Maintains | Outperform | Get Alert |
| 07/01/2022 | Buy Now | -32.69% | DA Davidson | Brent Thielman | $32.45 → $25.57 | Maintains | Neutral | Get Alert |
| 06/23/2022 | Buy Now | -22.34% | Goldman Sachs | Jerry Revich | $33.43 → $29.5 | Maintains | Neutral | Get Alert |
| 06/22/2022 | Buy Now | -19.75% | RBC Capital | Mike Dahl | $32.45 → $30.48 | Upgrade | Sector Perform → Outperform | Get Alert |
| 05/06/2022 | Buy Now | -4.22% | Morgan Stanley | Courtney Yakavonis | $40.31 → $36.38 | Maintains | Equal-Weight | Get Alert |
| 04/18/2022 | Buy Now | 6.14% | Morgan Stanley | Courtney Yakavonis | $41.3 → $40.31 | Maintains | Equal-Weight | Get Alert |
| 02/25/2022 | Buy Now | 8.72% | Morgan Stanley | Courtney Yakavonis | $44.25 → $41.3 | Maintains | Equal-Weight | Get Alert |
| 01/13/2022 | Buy Now | 3.55% | Barclays | Adam Seiden | $34.41 → $39.33 | Maintains | Equal-Weight | Get Alert |
| 12/09/2021 | Buy Now | 16.49% | Morgan Stanley | Courtney Yakavonis | — | Maintains | Equal-Weight | Get Alert |
| 11/05/2021 | Buy Now | 3.55% | RBC Capital | Mike Dahl | — | Maintains | Sector Perform | Get Alert |
| 10/28/2021 | Buy Now | 16.49% | Wolfe Research | Timna Tanners | — | Initiates | → Outperform | Get Alert |
| 10/26/2021 | Buy Now | 6.14% | Citigroup | Anthony Pettinari | — | Maintains | Buy | Get Alert |
| 10/18/2021 | Buy Now | -4.22% | RBC Capital | Mike Dahl | — | Downgrade | Outperform → Sector Perform | Get Alert |
| 10/13/2021 | Buy Now | -6.81% | Morgan Stanley | Courtney Yakavonis | — | Maintains | Equal-Weight | Get Alert |
| 08/09/2021 | Buy Now | -9.4% | Morgan Stanley | — | — | Maintains | Equal-Weight | Get Alert |
| 08/06/2021 | Buy Now | -4.22% | RBC Capital | Mike Dahl | — | Maintains | Outperform | Get Alert |
FAQ
What is the target price for Summit Materials (SUM) stock?
The latest price target for Summit Materials (NYSE:SUM) was reported by Citigroup on July 11, 2024. The analyst firm set a price target for $44.00 expecting SUM to rise to within 12 months (a possible 13.90% upside). 28 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Summit Materials (SUM)?
The latest analyst rating for Summit Materials (NYSE:SUM) was provided by Citigroup, and Summit Materials maintained their buy rating.
When was the last upgrade for Summit Materials (SUM)?
The last upgrade for Summit Materials Inc happened on February 23, 2024 when JP Morgan raised their price target to $47. JP Morgan previously had an underweight for Summit Materials Inc.
When was the last downgrade for Summit Materials (SUM)?
The last downgrade for Summit Materials Inc happened on January 12, 2024 when RBC Capital changed their price target from $43 to $38 for Summit Materials Inc.
When is the next analyst rating going to be posted or updated for Summit Materials (SUM)?
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 July 11, 2024 so you should expect the next rating to be made available sometime around July 11, 2025.
Is the Analyst Rating Summit Materials (SUM) correct?
While ratings are subjective and will change, the latest Summit Materials (SUM) rating was a maintained with a price target of $51.00 to $44.00. The current price Summit Materials (SUM) is trading at is $38.63, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.