Summit Materials, Inc. (SUM)
NYSE: SUM · IEX Real-Time Price · USD
38.31
-0.16 (-0.42%)
At close: Apr 19, 2024, 4:00 PM
38.41
+0.10 (0.26%)
After-hours: Apr 19, 2024, 4:30 PM EDT
Summit Materials Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Summit Materials stock have an average target of 46.55, with a low estimate of 38 and a high estimate of 53. The average target predicts an increase of 21.51% from the current stock price of 38.31.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SUM stock from 12 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 4 | 4 | 4 | 5 |
| Buy | 2 | 2 | 1 | 2 | 2 | 2 |
| Hold | 5 | 5 | 6 | 5 | 5 | 5 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 13 | 12 | 11 | 11 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $46 → $51 | Strong Buy | Maintains | $46 → $51 | +33.12% | Apr 5, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $50 → $53 | Strong Buy | Maintains | $50 → $53 | +38.35% | Apr 2, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $46 → $50 | Strong Buy | Maintains | $46 → $50 | +30.51% | Mar 15, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $39 → $44 | Hold | Maintains | $39 → $44 | +14.85% | Mar 14, 2024 |
| Barclays | Barclays | Hold Maintains $40 → $45 | Hold | Maintains | $40 → $45 | +17.46% | Mar 14, 2024 |
Financial Forecast
Revenue This Year
4.50B
from 2.62B
Increased by 71.75%
Revenue Next Year
4.80B
from 4.50B
Increased by 6.62%
EPS This Year
2.04
from 2.39
Decreased by -14.66%
EPS Next Year
2.46
from 2.04
Increased by 20.65%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.0B | 5.5B | 5.7B |
| Avg | 4.5B | 4.8B | 5.0B |
| Low | 4.0B | 4.2B | 4.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 89.4% | 21.2% | 19.3% |
| Avg | 71.8% | 6.6% | 3.3% |
| Low | 53.4% | -6.6% | -11.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.03 | 3.24 | 3.10 |
| Avg | 2.04 | 2.46 | 2.70 |
| Low | 1.51 | 2.01 | 2.34 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 27.0% | 59.1% | 25.8% |
| Avg | -14.7% | 20.6% | 9.6% |
| Low | -36.9% | -1.4% | -4.8% |
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.