Summit Materials, Inc. (SUM)
NYSE: SUM · Real-Time Price · USD
50.60
+0.06 (0.12%)
Dec 31, 2024, 4:00 PM EST - Market closed
Summit Materials Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Summit Materials stock have an average target of 50.62, with a low estimate of 47 and a high estimate of 52.5. The average target predicts an increase of 0.04% from the current stock price of 50.60.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SUM stock from 15 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 4 | 4 | 5 | 3 | 2 |
| Buy | 2 | 3 | 3 | 4 | 3 | 3 |
| Hold | 5 | 4 | 4 | 3 | 9 | 10 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 11 | 11 | 12 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy → Hold Downgrades $58 → $53 | Strong Buy → Hold | Downgrades | $58 → $53 | +3.75% | Dec 16, 2024 |
| Wolfe Research | Wolfe Research | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Nov 26, 2024 |
| Truist Securities | Truist Securities | Strong Buy → Hold Downgrades $60 → $53 | Strong Buy → Hold | Downgrades | $60 → $53 | +3.75% | Nov 26, 2024 |
| Citigroup | Citigroup | Strong Buy → Hold Downgrades $55 → $53 | Strong Buy → Hold | Downgrades | $55 → $53 | +3.75% | Nov 26, 2024 |
| Loop Capital | Loop Capital | Strong Buy → Hold Downgrades $54 → $53 | Strong Buy → Hold | Downgrades | $54 → $53 | +3.75% | Nov 26, 2024 |
Financial Forecast
Revenue This Year
4.16B
from 2.62B
Increased by 58.85%
Revenue Next Year
4.43B
from 4.16B
Increased by 6.42%
EPS This Year
1.70
from 2.39
Decreased by -28.73%
EPS Next Year
2.12
from 1.70
Increased by 24.63%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.4B | 4.8B | 5.2B |
| Avg | 4.2B | 4.4B | 4.7B |
| Low | 3.9B | 4.1B | 4.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 69.1% | 14.7% | 16.6% |
| Avg | 58.8% | 6.4% | 5.0% |
| Low | 48.4% | -1.3% | -3.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.86 | 2.49 | 3.34 |
| Avg | 1.70 | 2.12 | 2.59 |
| Low | 1.47 | 1.85 | 2.06 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -22.2% | 46.1% | 57.3% |
| Avg | -28.7% | 24.6% | 21.9% |
| Low | -38.5% | 8.7% | -3.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.