Summit Materials Inc [SUM] stock prices are down -0.22% to $50.82 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SUM shares have lost -0.04% over the last week, with a monthly amount glided 3.74%, 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.
The stock price of Summit Materials Inc [SUM] has been fluctuating between $34.38 and $53.49 over the past year. Currently, Wall Street analysts expect the stock to reach $48.25 within the next 12 months. Summit Materials Inc [NYSE: SUM] shares were valued at $50.82 at the most recent close of the market. An investor can expect a potential drop of -5.06% based on the average SUM price forecast.
Analyzing the SUM fundamentals
The Summit Materials Inc [NYSE:SUM] reported sales of 3.75B for trailing twelve months, representing a surge of 47.35%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.12%, 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.63.
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 50.76 points at the first support level, and at 50.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.95, and for the 2nd resistance point, it is at 51.07.
Ratios To Look Out For
It’s worth pointing out that Summit Materials Inc [NYSE:SUM]’s Current Ratio is 3.10. On the other hand, the Quick Ratio is 2.48, and the Cash Ratio is 1.33. Considering the valuation of this stock, the price to sales ratio is 2.38, the price to book ratio is 2.01 and price to earnings (TTM) ratio is 61.64.
Transactions by insiders
Recent insider trading involved Gaskill Christopher Burke,, that happened on Dec 10 ’24 when 1536.0 shares were sold. Officer, Gaskill Christopher Burke completed a deal on Dec 10 ’24 to buy 1536.0 shares. Meanwhile, Officer Ghelani Kekin bought 17936.0 shares on Oct 01 ’24.
