Summit Materials (SUM) Stock Forecast & Price Target

$51.66 +0.50 (+0.98%)

(As of 11/22/2024 ET)

Summit Materials - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
2

Buy
11

Based on 13 Wall Street analysts who have issued ratings for Summit Materials in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 2 have given a hold rating, and 11 have given a buy rating for SUM.

Consensus Price Target

$50.38
-2.47% Downside

According to the 13 analysts' twelve-month price targets for Summit Materials, the average price target is $50.38. The highest price target for SUM is $60.00, while the lowest price target for SUM is $43.00. The average price target represents a forecasted downside of -2.47% from the current price of $51.66.

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SUM Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$50.38	$47.83	$47.40	$40.08
Forecasted Upside	-2.47% Downside	6.07% Upside	16.92% Upside	14.82% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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SUM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SUM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Summit Materials Stock vs. The Competition

Type	Summit Materials	Construction Companies	S&P 500
Consensus Rating Score	2.85	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-2.47% Downside	8.45% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent SUM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/5/2024	DA Davidson 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$41.00 ➝ $47.00	-0.89%
11/1/2024	Royal Bank of Canada 4 of 5 stars	M. Dahl Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$53.00 ➝ $54.00	+13.18%
11/1/2024	Loop Capital 2 of 5 stars		Boost Target	Buy ➝ Buy	$49.00 ➝ $54.00	+13.18%
11/1/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$47.00 ➝ $60.00	+26.13%
10/29/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Seiden Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$45.00 ➝ $52.00	+13.96%
10/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$58.00 ➝ $56.00	+47.60%
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10/9/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$47.00 ➝ $43.00	+13.34%
10/9/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$47.00 ➝ $46.00	+21.24%
8/26/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$51.00	+26.36%
8/6/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$47.00 ➝ $47.00	+23.98%
7/3/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$55.00 ➝ $47.00	+32.02%
5/15/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$49.00	+20.33%
3/14/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$43.00 ➝ $49.00	+19.11%
10/24/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Seth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
7/24/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$38.00	+3.04%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:51 AM ET.

SUM Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Summit Materials is $50.38, with a high forecast of $60.00 and a low forecast of $43.00.
: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SUM shares.
: According to analysts, Summit Materials's stock has a predicted downside of -2.47% based on their 12-month stock forecasts.
: Over the previous 90 days, Summit Materials's stock had 2 upgrades by analysts.
: Summit Materials has been rated by research analysts at Barclays, Citigroup, DA Davidson, Jefferies Financial Group, JPMorgan Chase & Co., Loop Capital, Morgan Stanley, Royal Bank of Canada, and Truist Financial in the past 90 days.
: Analysts like Summit Materials more than other "construction" companies. The consensus rating score for Summit Materials is 2.85 while the average consensus rating score for "construction" companies is 2.62. Learn more on how SUM compares to other companies.

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This page (NYSE:SUM) was last updated on 11/24/2024 by MarketBeat.com Staff

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Summit Materials (SUM) Stock Forecast & Price Target