Summit Materials, Inc. (SUM)
NYSE: SUM · Real-Time Price · USD
47.83
+0.42 (0.89%)
Nov 1, 2024, 4:00 PM EDT - 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, with a low estimate of 41 and a high estimate of 60. The average target predicts an increase of 4.54% from the current stock price of 47.83.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for SUM stock from 13 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 6 | 4 | 4 | 5 | 6 |
| Buy | 2 | 2 | 3 | 3 | 4 | 5 |
| Hold | 5 | 5 | 4 | 4 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 13 | 11 | 11 | 12 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Loop Capital | Loop Capital | Strong Buy Maintains $49 → $54 | Strong Buy | Maintains | $49 → $54 | +12.90% | Nov 1, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $53 → $54 | Buy | Maintains | $53 → $54 | +12.90% | Nov 1, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $47 → $60 | Strong Buy | Maintains | $47 → $60 | +25.44% | Nov 1, 2024 |
| Barclays | Barclays | Hold → Buy Upgrades $45 → $52 | Hold → Buy | Upgrades | $45 → $52 | +8.72% | Oct 29, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $41 | Hold | Maintains | $41 | -14.28% | Oct 15, 2024 |
Financial Forecast
Revenue This Year
4.23B
from 2.62B
Increased by 61.64%
Revenue Next Year
4.55B
from 4.23B
Increased by 7.39%
EPS This Year
1.69
from 2.39
Decreased by -29.17%
EPS Next Year
2.27
from 1.69
Increased by 34.21%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.6B | 5.3B | 5.5B |
| Avg | 4.2B | 4.5B | 4.8B |
| Low | 4.0B | 4.1B | 4.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 77.0% | 24.1% | 21.3% |
| Avg | 61.6% | 7.4% | 5.9% |
| Low | 52.4% | -2.4% | -5.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.88 | 2.86 | 3.15 |
| Avg | 1.69 | 2.27 | 2.68 |
| Low | 1.55 | 1.96 | 2.35 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -21.4% | 68.7% | 38.6% |
| Avg | -29.2% | 34.2% | 17.8% |
| Low | -35.2% | 15.8% | 3.5% |
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.