Summit Materials (SUM) Stock Forecast, Price Target & Predictions


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SUM Stock Forecast


Summit Materials stock forecast is as follows: an average price target of $46.00 (represents a 17.65% upside from SUM’s last price of $39.10) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

SUM Price Target


The average price target for Summit Materials (SUM) is $46.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $35.00. This represents a potential 17.65% upside from SUM's last price of $39.10.

SUM Analyst Ratings


Buy

According to 9 Wall Street analysts, Summit Materials's rating consensus is 'Buy'. The analyst rating breakdown for SUM stock is 1 'Strong Buy' (11.11%), 5 'Buy' (55.56%), 3 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Summit Materials Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 26, 2024Angel CastilloSummit Redstone Partners$51.00$40.3626.36%30.43%
Aug 26, 2024Angel CastilloMorgan Stanley$51.00$40.3626.36%30.43%
May 06, 2024Brent ThielmanD.A. Davidson$44.00$39.4611.51%12.53%
May 03, 2024Mike DahlRBC Capital$46.00$39.1017.65%17.65%
May 02, 2024Stanley ElliottStifel Nicolaus$55.00$39.4639.38%40.66%
Apr 02, 2024Keith HughesTruist Financial$53.00$43.1122.94%35.55%
Mar 15, 2024Keith HughesTruist Financial$50.00$40.8222.49%27.88%
Mar 13, 2024Mike DahlRBC Capital$44.00$41.984.81%12.53%
Jun 03, 2021Garik ShmoisLoop Capital Markets$42.00$35.1019.66%7.42%
May 31, 2021Jerry RevichGoldman Sachs$35.00$34.820.52%-10.49%
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The latest Summit Materials stock forecast, released on Aug 26, 2024 by Angel Castillo from Summit Redstone Partners, set a price target of $51.00, which represents a 26.36% increase from the stock price at the time of the forecast ($40.36), and a 30.43% increase from SUM last price ($39.10).

Summit Materials Price Target by Period


1M3M12M
# Anlaysts228
Avg Price Target$51.00$51.00$49.25
Last Closing Price$39.10$39.10$39.10
Upside/Downside30.43%30.43%25.96%

In the current month, the average price target of Summit Materials stock is $51.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 30.43% increase as opposed to Summit Materials's last price of $39.10. This month's average price target is down 0.00% compared to last quarter, and up 3.55% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 26, 2024StephensSector PerformSector PerformHold
Aug 26, 2024RBC CapitalUnderperformUnderperformHold
Aug 26, 2024Morgan StanleyEqual-WeightOverweightInitialise
Aug 07, 2024CitigroupUnderperformUnderperformHold
Aug 07, 2024StephensBuyBuyHold
May 15, 2024Wolfe Research-OutperformUpgrade
May 03, 2024Truist FinancialSector PerformSector PerformHold
May 03, 2024StephensOverweightOverweightHold
May 03, 2024RBC CapitalSector PerformSector PerformHold
Apr 05, 2024CitigroupBuyBuyHold
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Summit Materials's last stock rating was published by Stephens on Aug 26, 2024. The company gave SUM a "Sector Perform" rating, the same as its previous rate.

Summit Materials Financial Forecast


Summit Materials Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
Revenue--------$660.13M$794.80M$729.15M$435.39M$552.27M$752.75M$686.55M$420.95M$624.63M$717.24M$667.92M$427.84M-$709.62M$631.01M$367.19M$556.53M$732.08M$600.89M$332.64M$491.03M$694.70M
Avg Forecast$1.16B$1.32B$1.18B$860.97M$1.06B$1.22B$1.14B$803.98M$558.93M$741.33M$642.59M$386.59M$575.10M$676.27M$646.02M$390.75M$553.59M$690.55M$604.43M$347.79M$502.95M$672.14M$549.71M$324.20M$489.37M$676.71M$588.47M$308.34M$214.83M$913.40M
High Forecast$1.24B$1.41B$1.26B$922.44M$1.14B$1.27B$1.22B$861.38M$573.16M$777.24M$688.48M$414.19M$616.17M$724.56M$646.02M$407.61M$577.47M$720.33M$630.50M$362.79M$524.64M$701.13M$573.42M$338.18M$510.48M$705.90M$613.85M$321.64M$257.79M$1.10B
Low Forecast$1.03B$1.17B$1.04B$762.81M$941.16M$1.18B$1.01B$712.32M$533.50M$643.75M$569.33M$342.51M$509.53M$599.17M$646.02M$372.22M$527.34M$657.80M$575.76M$331.29M$479.09M$640.26M$523.64M$308.82M$466.16M$644.61M$560.56M$293.72M$171.86M$730.72M
# Analysts33634963512885555666755964474118
Surprise %--------1.18%1.07%1.13%1.13%0.96%1.11%1.06%1.08%1.13%1.04%1.11%1.23%-1.06%1.15%1.13%1.14%1.08%1.02%1.08%2.29%0.76%

Summit Materials's average Quarter revenue forecast for Mar 24 based on 3 analysts is $803.98M, with a low forecast of $712.32M, and a high forecast of $861.38M. SUM's average Quarter revenue forecast represents a 21.79% increase compared to the company's last Quarter revenue of $660.13M (Dec 23).

Summit Materials EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts33634963512885555666755964474118
EBITDA--------$153.13M$339.42M$188.62M$43.24M$116.33M$181.65M$154.72M$19.98M$73.85M$178.26M$158.61M$55.33M-$95.74M$99.85M$15.22M$102.45M$186.29M$136.46M$-9.66M$92.64M$175.19M
Avg Forecast$231.00M$263.19M$234.53M$171.61M$211.74M$244.16M$226.38M$-27.76M$111.41M$147.77M$128.08M$-21.94M$114.63M$183.83M$128.77M$-17.34M$126.79M$167.12M$180.87M$71.82M$43.00M$110.47M$109.84M$14.89M$291.99M$244.99M$161.60M$-11.16M$42.82M$217.14M
High Forecast$247.49M$281.98M$251.28M$183.86M$226.85M$252.17M$242.54M$-22.20M$114.25M$154.92M$137.23M$-17.55M$122.82M$220.60M$128.77M$-13.88M$152.14M$200.54M$217.04M$86.18M$51.61M$132.56M$131.81M$17.87M$350.38M$293.98M$193.92M$-8.93M$51.38M$260.56M
Low Forecast$204.66M$233.18M$207.79M$152.05M$187.60M$236.16M$200.57M$-33.31M$106.34M$128.31M$113.48M$-26.33M$101.56M$147.07M$128.77M$-20.81M$101.43M$133.70M$144.69M$57.45M$34.40M$88.38M$87.87M$11.91M$233.59M$195.99M$129.28M$-13.40M$34.26M$173.71M
Surprise %--------1.37%2.30%1.47%-1.97%1.01%0.99%1.20%-1.15%0.58%1.07%0.88%0.77%-0.87%0.91%1.02%0.35%0.76%0.84%0.87%2.16%0.81%

3 analysts predict SUM's average Quarter EBITDA for Mar 24 to be $-27.76M, with a high of $-22.20M and a low of $-33.31M. This is -118.13% lower than Summit Materials's previous annual EBITDA (Dec 23) of $153.13M.

Summit Materials Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts33634963512885555666755964474118
Net Income--------$2.98M$230.04M$83.64M$-31.21M$29.84M$86.49M$190.11M$-34.80M$35.15M$74.20M$56.66M$-22.52M-$90.73M$57.06M$-44.98M$35.67M$55.76M$36.41M$-68.77M$-19.16M$71.30M
Avg Forecast$90.58M$160.53M$138.08M$-7.24M$68.49M$136.24M$107.71M$-50.54M$46.70M$131.96M$104.00M$-39.95M$52.15M$76.52M$86.86M$-31.58M$42.15M$69.57M$64.61M$-29.22M$20.47M$104.69M$62.77M$-44.02M$101.66M$73.32M$43.12M$-79.44M$-73.91M$88.37M
High Forecast$98.99M$175.43M$150.90M$-6.17M$74.85M$183.77M$117.70M$-40.43M$53.61M$160.11M$113.66M$-31.96M$56.99M$91.83M$86.86M$-25.27M$50.58M$83.48M$77.53M$-23.38M$24.57M$125.63M$75.32M$-35.22M$121.99M$87.99M$51.74M$-63.55M$-59.13M$106.05M
Low Forecast$77.16M$136.74M$117.62M$-7.91M$58.34M$115.64M$91.74M$-60.65M$43.24M$117.88M$88.59M$-47.95M$44.42M$61.22M$86.86M$-37.90M$33.72M$55.65M$51.69M$-35.07M$16.38M$83.75M$50.22M$-52.83M$81.33M$58.66M$34.49M$-95.33M$-88.70M$70.70M
Surprise %--------0.06%1.74%0.80%0.78%0.57%1.13%2.19%1.10%0.83%1.07%0.88%0.77%-0.87%0.91%1.02%0.35%0.76%0.84%0.87%0.26%0.81%

Summit Materials's average Quarter net income forecast for Mar 24 is $-50.54M, with a range of $-60.65M to $-40.43M. SUM's average Quarter net income forecast represents a -1797.20% decrease compared to the company's last Quarter net income of $2.98M (Dec 23).

Summit Materials SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts33634963512885555666755964474118
SG&A--------$59.63M$50.90M$55.55M$46.36M$50.68M$39.96M$47.65M$51.92M$89.75M$47.36M$47.45M$51.64M-$81.94M$66.86M$122.76M$125.75M$118.22M$114.98M$137.87M$117.30M$102.60M
Avg Forecast$114.23M$130.14M$115.97M$84.86M$104.70M$120.74M$111.94M$76.53M$55.09M$73.07M$63.34M$60.50M$56.68M$48.84M$63.67M$47.82M$48.34M$44.40M$54.11M$67.02M$52.26M$94.55M$73.55M$120.14M$358.38M$155.47M$136.16M$159.26M$21.17M$127.17M
High Forecast$122.38M$139.44M$124.25M$90.92M$112.18M$124.70M$119.94M$91.84M$56.49M$76.61M$67.86M$72.60M$60.73M$58.61M$63.67M$57.39M$58.01M$53.28M$64.93M$80.43M$62.72M$113.46M$88.26M$144.17M$430.05M$186.56M$163.39M$191.12M$25.41M$152.60M
Low Forecast$101.20M$115.31M$102.75M$75.19M$92.76M$116.78M$99.18M$61.22M$52.58M$63.45M$56.12M$48.40M$50.22M$39.08M$63.67M$38.26M$38.67M$35.52M$43.29M$53.62M$41.81M$75.64M$58.84M$96.11M$286.70M$124.38M$108.92M$127.41M$16.94M$101.73M
Surprise %--------1.08%0.70%0.88%0.77%0.89%0.82%0.75%1.09%1.86%1.07%0.88%0.77%-0.87%0.91%1.02%0.35%0.76%0.84%0.87%5.54%0.81%

Summit Materials's average Quarter SG&A projection for Mar 24 is $76.53M, based on 3 Wall Street analysts, with a range of $61.22M to $91.84M. The forecast indicates a 28.35% rise compared to SUM last annual SG&A of $59.63M (Dec 23).

Summit Materials EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts33634963512885555666755964474118
EPS---------$1.93$0.70$-0.26$0.25$0.72$1.58$-0.29$0.31$0.62$0.48$-0.19-$0.79$0.50$-0.40$0.31$0.48$0.32$-0.62$-0.17$0.64
Avg Forecast$0.51$0.91$0.78$-0.04$0.39$0.77$0.61$-0.21$0.27$0.75$0.59$-0.37$0.30$0.71$0.52$-0.37$0.25$0.62$0.49$-0.46$0.17$0.64$0.25$-0.47$0.11$0.71$0.37$-0.59$0.27$0.88
High Forecast$0.56$1.00$0.86$-0.04$0.42$1.04$0.67$-0.18$0.30$0.91$0.65$-0.31$0.32$0.78$0.52$-0.35$0.27$0.65$0.51$-0.44$0.18$0.67$0.26$-0.44$0.12$0.75$0.39$-0.56$0.32$1.06
Low Forecast$0.44$0.78$0.67$-0.04$0.33$0.66$0.52$-0.23$0.25$0.67$0.50$-0.40$0.25$0.61$0.52$-0.39$0.24$0.58$0.46$-0.49$0.16$0.60$0.23$-0.50$0.11$0.66$0.35$-0.63$0.22$0.70
Surprise %---------2.58%1.19%0.71%0.84%1.01%3.05%0.78%1.21%1.01%0.98%0.42%-1.25%2.01%0.84%2.73%0.68%0.88%1.04%-0.64%0.72%

According to 5 Wall Street analysts, Summit Materials's projected average Quarter EPS for Dec 23 is $0.27, with a low estimate of $0.25 and a high estimate of $0.30. This represents a -86.26% decrease compared to SUM previous annual EPS of $1.93 (Sep 23).

Summit Materials Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SUMSummit Materials$39.10$46.0017.65%Buy
CRHCRH$89.27$99.0010.90%Buy
VMCVulcan Materials Company$245.12$241.08-1.65%Buy
MLMMartin Marietta Materials$534.04$522.77-2.11%Buy
LOMALoma Negra Compañía Industrial Argentina Sociedad Anónima$8.36$8.10-3.11%Hold
EXPEagle Materials$280.72$263.22-6.23%Buy

SUM Forecast FAQ


Yes, according to 9 Wall Street analysts, Summit Materials (SUM) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 5 'Buy' recommendations, accounting for 66.67% of SUM's total ratings.

Summit Materials (SUM) average price target is $46 with a range of $35 to $55, implying a 17.65% from its last price of $39.1. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for SUM stock, the company can go up by 17.65% (from the last price of $39.1 to the average price target of $46), up by 40.66% based on the highest stock price target, and down by -10.49% based on the lowest stock price target.

SUM's average twelve months analyst stock price target of $46 does not support the claim that Summit Materials can reach $60 in the near future.

2 Wall Street analysts forecast a $51 price target for Summit Materials (SUM) this month, up 30.43% from its last price of $39.1. Compared to the last 3 and 12 months, the average price target increased by 30.43% and increased by 25.96%, respectively.

Summit Materials's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $4.23B (high $4.48B, low $3.84B), average EBITDA is $654.53M (high $699.36M, low $591.02M), average net income is $261.89M (high $335.88M, low $205.08M), average SG&A $413.91M (high $448.65M, low $369.95M), and average EPS is $1.56 (high $1.96, low $1.28). SUM's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.52B (high $4.84B, low $4B), average EBITDA is $900.33M (high $964.61M, low $797.68M), average net income is $381.96M (high $419.15M, low $323.6M), average SG&A $445.2M (high $476.99M, low $394.45M), and average EPS is $2.17 (high $2.38, low $1.84).

Based on Summit Materials's last annual report (Dec 2023), the company's revenue was $2.62B, beating the average analysts forecast of $2.33B by 12.45%. Apple's EBITDA was $722.4M, beating the average prediction of $365.32M by 97.75%. The company's net income was $285.86M, beating the average estimation of $242.71M by 17.78%. Apple's SG&A was $210.36M, missing the average forecast of $251.99M by -16.52%. Lastly, the company's EPS was $0.0024, missing the average prediction of $1.24 by -99.81%. In terms of the last quarterly report (Dec 2023), Summit Materials's revenue was $660.13M, beating the average analysts' forecast of $558.93M by 18.11%. The company's EBITDA was $153.13M, beating the average prediction of $111.41M by 37.45%. Summit Materials's net income was $2.98M, missing the average estimation of $46.7M by -93.62%. The company's SG&A was $59.63M, beating the average forecast of $55.09M by 8.23%. Lastly, the company's EPS was $0, missing the average prediction of $0.265 by -100.00%