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Summit Materials (SUM)
NYSE:SUM
Summit Materials (SUM) Stock Forecast & Price Target
358 Followers
See the Price Targets and Ratings of:
SUM Analyst Ratings
Moderate Buy
8 Buy
3 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
SUM Stock 12 Month Forecast
Average Price Target
$49.60
▲(39.29% Upside)
| Highest Price Target$56.00 | Average Price Target$49.60 | Lowest Price Target$44.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Loop Capital Markets
Reiterated
06/07/24
Wolfe Research
Upgraded
05/15/24
Stifel Nicolaus
Reiterated
05/08/24
D.A. Davidson
Reiterated
05/06/24
Truist Financial
Reiterated
05/06/24
Seaport Global
Reiterated
05/03/24
Citi
$46→$51
Buy
43.22%
Upside
Reiterated
04/05/24
Summit Materials price target raised to $51 from $46 at CitiSummit Materials price target raised to $51 from $46 at Citi
J.P. Morgan
$47
Buy
31.99%
Upside
Reiterated
03/22/24
JPMorgan reiterates Overweight Rating on Summit Materials (SUM), New Top PickJPMorgan analyst Adrian Heurta reiterated an Overweight rating and $47.00 price target on Summit Materials (NYSE: SUM).
Goldman Sachs
$43→$49
Hold
37.60%
Upside
Reiterated
03/13/24
Summit Materials price target raised to $49 from $43 at Goldman SachsSummit Materials price target raised to $49 from $43 at Goldman Sachs
Exane BNP Paribas
$38
Hold
6.71%
Upside
Downgraded
07/24/23
Summit Materials downgraded to Neutral from Outperform at Exane BNP ParibasSummit Materials downgraded to Neutral from Outperform at Exane BNP Paribas
Unknown Analyst
Not Ranked
CFRA
$44
Buy
23.56%
Upside
Upgraded
09/12/23
CFRA upgrades Summit Materials (SUM) to Strong Buy (earlier)CFRA upgraded Summit Materials (NYSE: SUM) from Buy to Strong Buy with a price target of $44.00.
Best Analysts Covering Summit Materials
Which Analyst Should I Follow If I Want to Buy SUM and Sell After:
1 Month
3 Months
1 Year
Success Rate
19/26 ratings generated profit
Average Return
+28.10%
reiterated a buy rating 2 months ago
Copying Stanley Elliott's trades and holding each position for 1 Year would result in 73.08% of your transactions generating a profit, with an average return of +28.10% per trade.
2 Years
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
SUM Analyst Recommendation Trends
Rating
Feb 24
Mar 24
Apr 24
May 24
Jun 24
Strong Buy
0
0
0
0
1
Buy
8
10
10
15
13
Hold
7
10
8
7
4
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
15
20
18
22
18
Each month's total comprises the sum of three months' worth of ratings.
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SUM Financial Forecast
SUM Stock Forecast FAQ
What is SUM’s average 12-month price target, according to analysts?
Based on analyst ratings, Summit Materials’s 12-month average price target is $49.60.
What is SUM’s upside potential, based on the analysts’ average price target?
Summit Materials has 39.29% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is SUM a Buy, Sell or Hold?
Summit Materials has a consensus rating of Moderate Buy which is based on 8 buy ratings, 3 hold ratings and 0 sell ratings.
What is Summit Materials’s price target?
The average price target for Summit Materials is $49.60. This is based on 11 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $56.00 ,the lowest forecast is $44.00. The average price target represents 39.29% Increase from the current price of $35.61.
The highest analyst price target is $56.00 ,the lowest forecast is $44.00. The average price target represents 39.29% Increase from the current price of $35.61.
What do analysts say about Summit Materials?
Summit Materials’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 11 Wall Streets Analysts.
How can I buy shares of SUM?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.