Summit Materials (SUM) Stock Forecast & Price Target

$37.91

+1.08 (+2.93%)

(As of 10/9/2024 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 12 Analyst Ratings

Sell
0

Hold
3

Buy
9

Based on 12 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 12 analysts, 3 have given a hold rating, and 9 have given a buy rating for SUM.

Consensus Price Target

$47.73
25.90% Upside

According to the 12 analysts' twelve-month price targets for Summit Materials, the average price target is $47.73. The highest price target for SUM is $56.00, while the lowest price target for SUM is $43.00. The average price target represents a forecasted upside of 25.90% from the current price of $37.91.

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SUM Analyst Ratings Over Time

Type	Current Forecast 10/10/23 to 10/9/24	1 Month Ago 9/10/23 to 9/9/24	3 Months Ago 7/12/23 to 7/11/24	1 Year Ago 10/10/22 to 10/10/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	8 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$47.73	$47.40	$46.50	$39.38
Forecasted Upside	25.90% Upside	32.96% Upside	22.34% Upside	20.37% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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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	2.73	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	25.07% Upside	26.56% Upside	7.26% 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
10/9/2024	Jefferies Financial Group 2 of 5 stars		Lower Target	Buy ➝ Buy	$58.00 ➝ $56.00	+47.60%
10/9/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$47.00 ➝ $43.00	+13.34%
10/9/2024	Citigroup 3 of 5 stars		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%
8/7/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$45.00 ➝ $45.00	+18.45%
8/7/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$53.00 ➝ $47.00	+20.88%
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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%
3/14/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$40.00 ➝ $45.00	+9.38%
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
8/4/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$38.00 ➝ $44.00	+17.46%
7/24/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$38.00	+3.04%
10/12/2022	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$33.00 ➝ $31.00	+30.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 11:22 PM ET.

SUM Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Summit Materials is $47.73, with a high forecast of $56.00 and a low forecast of $43.00.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SUM shares.
: According to analysts, Summit Materials's stock has a predicted upside of 25.90% based on their 12-month stock forecasts.
: Summit Materials has been rated by research analysts at Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Canada, Stephens, 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 2.75 while the average consensus rating score for "construction" companies is 2.56. Learn more on how SUM compares to other companies.