Summit Materials Inc [SUM] stock prices are up 0.69% to $50.95 at the moment. 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 0.61% over the last week, with a monthly amount glided 0.06%, and seem to be holding up well over a long-time horizon.
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.
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 $50.95 at the most recent close of the market. An investor can expect a potential drop of -5.3% 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. 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 50.73 points at the first support level, and at 50.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.08, and for the 2nd resistance point, it is at 51.21.
Ratios To Look Out For
It’s worth pointing out that Summit Materials Inc [NYSE:SUM]’s Current Ratio 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 2.01 and price to earnings (TTM) ratio is 61.80.
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.
