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Summit Materials

SUMNYSE
Logo brought to you by Benzinga Data
$50.50
0.150.30%
At close: -
$50.50
0.000500.00%
After Hours: Dec 20, 4:01 PM EDT
Consensus Rating1
Neutral
Highest Price Target1
$52.50
Lowest Price Target1
$32.00
Consensus Price Target1
$47.76

Summit Materials (NYSE:SUM) Stock, Analyst Ratings, Price Targets, Forecasts

Summit Materials Inc has a consensus price target of $47.76 based on the ratings of 19 analysts. The high is $52.5 issued by Jefferies on December 16, 2024. The low is $32 issued by Morgan Stanley on January 20, 2023. The 3 most-recent analyst ratings were released by Jefferies, Truist Securities, and Citigroup on December 16, 2024, November 26, 2024, and November 26, 2024, respectively. With an average price target of $52.5 between Jefferies, Truist Securities, and Citigroup, there's an implied 3.96% upside for Summit Materials Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
2
Jul
4
Aug
4
1
Oct
3
4
Nov
0
0
0
0
Dec
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.2
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Jefferies
Truist Securities
Citigroup
Loop Capital
JP Morgan

1calculated from analyst ratings

Analyst Ratings for Summit Materials

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FAQ

Q

What is the target price for Summit Materials (SUM) stock?

A

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 3.96% upside). 40 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Summit Materials (SUM)?

A

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

Q

When was the last upgrade for Summit Materials (SUM)?

A

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.

Q

When was the last downgrade for Summit Materials (SUM)?

A

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.

Q

When is the next analyst rating going to be posted or updated for Summit Materials (SUM)?

A

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.

Q

Is the Analyst Rating Summit Materials (SUM) correct?

A

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 $50.50, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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