A share price of Summit Materials Inc [SUM] is currently trading at $51.16, up 5.70%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SUM shares have gain 5.42% over the last week, with a monthly amount glided 25.95%, and 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 October 29, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $52 from $45. Previously, RBC Capital Mkts upgraded its rating to Outperform on October 25, 2024, and elevated its price target to $53. On August 26, 2024, Morgan Stanley initiated with a Overweight rating and assigned a price target of $51 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $49 on May 15, 2024. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on January 12, 2024, and downed its price target to $38. In a note dated October 24, 2023, Seaport Research Partners upgraded an Buy rating on this stock but restated the target price of $47.
Summit Materials Inc experienced fluctuations in its stock price throughout the past year between $33.93 and $51.74. Currently, Wall Street analysts expect the stock to reach $46.56 within the next 12 months. Summit Materials Inc [NYSE: SUM] shares were valued at $51.16 at the most recent close of the market. An investor can expect a potential drop of -8.99% based on the average SUM price forecast.
Analyzing the SUM fundamentals
Trailing Twelve Months sales for Summit Materials Inc [NYSE:SUM] were 3.75B which represents 47.35% growth. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.
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 48.42 points at the first support level, and at 45.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.70, and for the 2nd resistance point, it is at 56.23.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Summit Materials Inc [NYSE:SUM] is 3.10. In addition, the Quick Ratio stands at 2.48 and the Cash Ratio stands at 1.33. Considering the valuation of this stock, the price to sales ratio is 2.39, the price to book ratio is 2.02 and price to earnings (TTM) ratio is 62.06.
Transactions by insiders
Recent insider trading involved Ghelani Kekin, Officer, that happened on Oct 01 ’24 when 17936.0 shares were purchased., Kilgore Jason completed a deal on May 13 ’24 to sell 50589.0 shares.
