$39.56
0.77[1.99%]
At close: Apr 23
$39.56
0[0.00%]
After Hours: 4:44PM EDT
Summit Materials
(NYSE:SUM)Summit Materials Stock (NYSE:SUM), Analyst Ratings, Price Targets, Predictions
Summit Materials Inc has a consensus price target of $40.78, established from looking at the 71 latest analyst ratings. The last 3 analyst ratings were released from Citigroup, Truist Securities, and Truist Securities on April 5, 2024, April 2, 2024, and March 15, 2024. With an average price target of $51.33 between Citigroup, Truist Securities, and Truist Securities, there's an implied 29.76% upside for Summit Materials Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Citigroup
Truist Securities
Truist Securities
RBC Capital
Barclays
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Summit Materials
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/05/2024 | SUM | Buy Now | Summit Materials | $39.56 | 28.92% | Citigroup | Anthony Pettinari | $46 → $51 | Maintains | Buy | Get Alert |
| 04/02/2024 | SUM | Buy Now | Summit Materials | $39.56 | 33.97% | Truist Securities | Keith Hughes | $50 → $53 | Maintains | Buy | Get Alert |
| 03/15/2024 | SUM | Buy Now | Summit Materials | $39.56 | 26.39% | Truist Securities | Rohit Seth | $46 → $50 | Maintains | Buy | Get Alert |
| 03/14/2024 | SUM | Buy Now | Summit Materials | $39.56 | 11.22% | RBC Capital | Mike Dahl | $39 → $44 | Maintains | Sector Perform | Get Alert |
| 03/14/2024 | SUM | Buy Now | Summit Materials | $39.56 | 13.75% | Barclays | Adam Seiden | $40 → $45 | Maintains | Equal-Weight | Get Alert |
| 03/14/2024 | SUM | Buy Now | Summit Materials | $39.56 | 23.86% | Goldman Sachs | Jerry Revich | $43 → $49 | Maintains | Neutral | Get Alert |
| 02/23/2024 | SUM | Buy Now | Summit Materials | $39.56 | 18.81% | JP Morgan | Adrian Heurta | $40 → $47 | Upgrade | Underweight → Overweight | Get Alert |
| 02/16/2024 | SUM | Buy Now | Summit Materials | $39.56 | -1.42% | RBC Capital | Mike Dahl | $38 → $39 | Maintains | Sector Perform | Get Alert |
| 02/16/2024 | SUM | Buy Now | Summit Materials | $39.56 | 16.28% | Truist Securities | Rohit Seth | $43 → $46 | Maintains | Buy | Get Alert |
| 02/15/2024 | SUM | Buy Now | Summit Materials | $39.56 | 13.75% | Stephens & Co. | Trey Grooms | → $45 | Reiterates | Overweight → Overweight | Get Alert |
| 02/13/2024 | SUM | Buy Now | Summit Materials | $39.56 | -3.94% | RBC Capital | Mike Dahl | → $38 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 02/13/2024 | SUM | Buy Now | Summit Materials | $39.56 | 13.75% | Stephens & Co. | Trey Grooms | → $45 | Reiterates | Overweight → Overweight | Get Alert |
| 01/12/2024 | SUM | Buy Now | Summit Materials | $39.56 | 13.75% | Stephens & Co. | Trey Grooms | → $45 | Reiterates | Overweight → Overweight | Get Alert |
| 01/12/2024 | SUM | Buy Now | Summit Materials | $39.56 | -3.94% | RBC Capital | Mike Dahl | $43 → $38 | Downgrade | Outperform → Sector Perform | Get Alert |
| 10/24/2023 | SUM | Buy Now | Summit Materials | $39.56 | 18.81% | Seaport Global | Rohit Seth | → $47 | Upgrade | Neutral → Buy | Get Alert |
| 09/12/2023 | SUM | Buy Now | Summit Materials | $39.56 | 8.7% | Truist Securities | Rohit Seth | $48 → $43 | Maintains | Buy | Get Alert |
| 09/08/2023 | SUM | Buy Now | Summit Materials | $39.56 | — | Wolfe Research | Timna Tanners | — | Downgrade | Outperform → Peer Perform | Get Alert |
| 09/05/2023 | SUM | Buy Now | Summit Materials | $39.56 | 21.33% | Truist Securities | Rohit Seth | → $48 | Reiterates | Buy → Buy | Get Alert |
| 08/24/2023 | SUM | Buy Now | Summit Materials | $39.56 | 1.11% | JP Morgan | Adrian Heurta | $37 → $40 | Maintains | Underweight | Get Alert |
FAQ
What is the target price for Summit Materials (SUM)?
The latest price target for Summit Materials (NYSE: SUM) was reported by Citigroup on April 5, 2024. The analyst firm set a price target for $51.00 expecting SUM to rise to within 12 months (a possible 28.92% upside). 35 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 April 5, 2024 so you should expect the next rating to be made available sometime around April 5, 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 $46.00 to $51.00. The current price Summit Materials (SUM) is trading at is $39.56, which is out of the analyst’s predicted range.
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