A share price of Summit Materials Inc [SUM] is currently trading at $39.80, up 1.71%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SUM shares have gain 1.48% over the last week, with a monthly amount drifted -4.74%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Summit Materials Inc [NYSE: SUM] stock has seen the most recent analyst activity on August 26, 2024, when Morgan Stanley initiated its Overweight rating and assigned the stock a price target of $51. Previously, Wolfe Research upgraded its rating to Outperform on May 15, 2024, and kept the price target unchanged to $49. RBC Capital Mkts downgraded its rating to a Sector Perform and decreased its price target to $38 on January 12, 2024. Seaport Research Partners upgraded its rating to a Buy but $47 remained the price target by the analyst firm on October 24, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on September 08, 2023. In a note dated July 24, 2023, Exane BNP Paribas downgraded an Neutral rating on this stock but restated the target price of $38.
Summit Materials Inc experienced fluctuations in its stock price throughout the past year between $29.98 and $44.89. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. Summit Materials Inc [NYSE: SUM] shares were valued at $39.80 at the most recent close of the market. An investor can expect a potential return of 15.58% based on the average SUM price forecast.
Analyzing the SUM fundamentals
Trailing Twelve Months sales for Summit Materials Inc [NYSE:SUM] were 3.38B which represents 53.37% growth. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.25 points at the first support level, and at 38.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.33, and for the 2nd resistance point, it is at 40.87.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Summit Materials Inc [NYSE:SUM] is 2.62. As well, the Quick Ratio is 2.01, while the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 2.07, the price to book ratio is 1.61 and price to earnings (TTM) ratio is 18.52.
Transactions by insiders
Recent insider trading involved Kilgore Jason, that happened on May 13 ’24 when 50589.0 shares were sold.
