At the time of writing, Summit Materials Inc [SUM] stock is trading at $50.64, up 0.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The SUM shares have lost -0.26% over the last week, with a monthly amount drifted -1.97%, 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 December 16, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $52.50 from $58. Previously, Barclays upgraded its rating to Overweight on October 29, 2024, and elevated its price target to $52. On October 25, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $53 on the stock. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $51 on August 26, 2024. Wolfe Research upgraded its rating to a Outperform but $49 remained the price target by the analyst firm on May 15, 2024. In a note dated January 12, 2024, RBC Capital Mkts downgraded an Sector Perform rating on this stock and revised its target price from $43 to $38.
For the past year, the stock price of Summit Materials Inc fluctuated between $34.38 and $53.49. 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 $50.64 at the most recent close of the market. An investor can expect a potential drop of -4.72% based on the average SUM price forecast.
Analyzing the SUM fundamentals
According to Summit Materials Inc [NYSE:SUM], the company’s sales were 3.75B for trailing twelve months, which represents an 47.35% jump. 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 50.53 points at the first support level, and at 50.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.72, and for the 2nd resistance point, it is at 50.80.
Ratios To Look Out For
It is important to note that Summit Materials Inc [NYSE:SUM] has a current ratio of 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 2.37, the price to book ratio is 2.00 and price to earnings (TTM) ratio is 61.43.
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.
