The latest price target for Summit Materials (NYSE:SUM) was reported by Morgan Stanley on August 26, 2024. The analyst firm set a price target for $51.00 expecting SUM to rise to within 12 months (a possible 29.18% upside). 24 analyst firms have reported ratings in the last year.

The latest analyst rating for Summit Materials (NYSE:SUM) was provided by Morgan Stanley, and Summit Materials initiated their overweight rating.

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.

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.

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 August 26, 2024 so you should expect the next rating to be made available sometime around August 26, 2025.

While ratings are subjective and will change, the latest Summit Materials (SUM) rating was a initiated with a price target of $0.00 to $51.00. The current price Summit Materials (SUM) is trading at is $39.48, which is within the analyst’s predicted range.