15 Analysts Have This To Say About Summit Materials
During the last three months, 15 analysts shared their evaluations of Summit Materials (NYSE:SUM), revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 3 | 8 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 5 | 0 | 0 |
| 2M Ago | 2 | 2 | 1 | 0 | 0 |
| 3M Ago | 2 | 1 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $51.2, a high estimate of $60.00, and a low estimate of $41.00. This upward trend is apparent, with the current average reflecting a 2.13% increase from the previous average price target of $50.13.
Breaking Down Analyst Ratings: A Detailed Examination
A comprehensive examination of how financial experts perceive Summit Materials is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Philip Ng | Jefferies | Lowers | Hold | $52.50 | $58.00 |
| Keith Hughes | Truist Securities | Lowers | Hold | $52.50 | $60.00 |
| Anthony Pettinari | Citigroup | Lowers | Neutral | $52.50 | $55.00 |
| Garik Shmois | Loop Capital | Lowers | Hold | $52.50 | $54.00 |
| Adrian Heurta | JP Morgan | Raises | Neutral | $52.50 | $43.00 |
| Mike Dahl | RBC Capital | Lowers | Sector Perform | $52.50 | $54.00 |
| Brent Thielman | DA Davidson | Raises | Neutral | $47.00 | $41.00 |
| Garik Shmois | Loop Capital | Raises | Buy | $54.00 | $49.00 |
| Mike Dahl | RBC Capital | Raises | Outperform | $54.00 | $53.00 |
| Keith Hughes | Truist Securities | Raises | Buy | $60.00 | $47.00 |
| Adam Seiden | Barclays | Raises | Overweight | $52.00 | $45.00 |
| Brent Thielman | DA Davidson | Maintains | Neutral | $41.00 | $41.00 |
| Philip Ng | Jefferies | Lowers | Buy | $56.00 | $58.00 |
| Anthony Pettinari | Citigroup | Lowers | Buy | $46.00 | $47.00 |
| Adrian Heurta | JP Morgan | Lowers | Overweight | $43.00 | $47.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Summit Materials. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Summit Materials compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Summit Materials's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Summit Materials's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Summit Materials analyst ratings.
About Summit Materials
Summit Materials Inc is engaged in the production and sale of aggregates, cement, ready-mix concrete, asphalt paving mix and concrete products and owns and operates quarries, sand and gravel pits, two cement plants, cement distribution terminals, ready-mix concrete plants, asphalt plants and landfill sites. It is also engaged in paving and related services. The Company's three operating and reporting segments are the West, East and Cement segments. It operates in 21 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through its platform.
Summit Materials's Financial Performance
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, Summit Materials showcased positive performance, achieving a revenue growth rate of 47.35% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Materials sector.
Net Margin: Summit Materials's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 8.98%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Summit Materials's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.4%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Summit Materials's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.26%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Summit Materials's debt-to-equity ratio surpasses industry norms, standing at 0.65. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Analyst Ratings: What Are They?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.