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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 $46.56 (represents a -3.80% downside from SUM’s last price of $48.40) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

SUM Price Target

The average price target for Summit Materials (SUM) is $46.56 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $35.00. This represents a potential -3.80% downside from SUM's last price of $48.40.

SUM Analyst Ratings

Buy

According to 11 Wall Street analysts, Summit Materials's rating consensus is 'Buy'. The analyst rating breakdown for SUM stock is 1 'Strong Buy' (9.09%), 7 'Buy' (63.64%), 3 'Hold' (27.27%), 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
Oct 29, 2024Adam SeidenSummit Redstone Partners$52.00$45.6313.96%7.44%
Oct 25, 2024Mike DahlSummit Redstone Partners$53.00$45.1017.52%9.50%
Oct 15, 2024Brent ThielmanD.A. Davidson$41.00$38.895.43%-15.29%
Oct 01, 2024Garik ShmoisLoop Capital Markets$49.00$38.3627.74%1.24%
Aug 26, 2024Angel CastilloSummit Redstone Partners$51.00$40.3626.36%5.37%
Aug 26, 2024Angel CastilloMorgan Stanley$51.00$40.3626.36%5.37%
May 06, 2024Brent ThielmanD.A. Davidson$44.00$39.4611.51%-9.09%
May 03, 2024Mike DahlRBC Capital$46.00$39.1017.65%-4.96%
May 02, 2024Stanley ElliottStifel Nicolaus$55.00$39.4639.38%13.64%
Apr 02, 2024Keith HughesTruist Financial$53.00$43.1122.94%9.50%
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The latest Summit Materials stock forecast, released on Oct 29, 2024 by Adam Seiden from Summit Redstone Partners, set a price target of $52.00, which represents a 13.96% increase from the stock price at the time of the forecast ($45.63), and a 7.44% increase from SUM last price ($48.40).

Summit Materials Price Target by Period

1M3M12M
# Anlaysts2612
Avg Price Target$52.50$49.50$49.08
Last Closing Price$48.40$48.40$48.40
Upside/Downside8.47%2.27%1.40%

In the current month, the average price target of Summit Materials stock is $52.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 8.47% increase as opposed to Summit Materials's last price of $48.40. This month's average price target is up 6.06% compared to last quarter, and up 6.97% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 29, 2024Barclays-OverweightUpgrade
Oct 15, 2024RBC CapitalUnderperformUnderperformHold
Oct 15, 2024StephensSector PerformSector PerformHold
Oct 01, 2024Loop Capital MarketsBuyBuyHold
Aug 26, 2024StephensSector PerformSector PerformHold
Aug 26, 2024RBC CapitalUnderperformUnderperformHold
Aug 26, 2024Morgan StanleyEqual-WeightOverweightInitialise
Aug 07, 2024StephensBuyBuyHold
Aug 07, 2024CitigroupUnderperformUnderperformHold
May 15, 2024Wolfe Research-OutperformUpgrade
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Summit Materials's last stock rating was published by Barclays on Oct 29, 2024. The company Upgrade its SUM rating from "null" to "Overweight".

Summit Materials Financial Forecast

Summit Materials Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 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 19
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
Avg Forecast$1.22B$1.21B$1.20B$1.18B$1.10B$1.20B$1.15B$835.02M$1.04B$1.17B$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
High Forecast$1.29B$1.28B$1.26B$1.25B$1.16B$1.27B$1.22B$883.50M$1.10B$1.20B$1.14B$809.61M$573.16M$777.24M$679.43M$408.75M$608.07M$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
Low Forecast$1.16B$1.15B$1.14B$1.13B$1.05B$1.15B$1.10B$815.33M$1.00B$1.14B$1.13B$798.35M$533.50M$643.75M$612.04M$368.20M$547.76M$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
# Analysts3333222673225127755556666810101099
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%

Summit Materials's average Quarter revenue forecast for Mar 24 based on 2 analysts is $803.98M, with a low forecast of $798.35M, and a high forecast of $809.61M. 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 26Sep 26Jun 26Mar 26Dec 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 19
# Analysts3333222673225127755556666810101099
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
Avg Forecast$262.12M$259.41M$256.73M$254.08M$235.86M$258.70M$247.09M$179.29M$222.59M$251.85M$243.85M$-27.76M$120.01M$159.17M$137.97M$-21.94M$160.38M$134.80M$128.77M$-17.34M$110.34M$137.64M$120.48M$71.82M$100.25M$133.97M$109.57M$14.89M$97.54M$134.88M
High Forecast$277.15M$274.28M$271.45M$268.64M$249.38M$273.53M$261.26M$189.70M$235.69M$258.11M$244.53M$-22.20M$123.06M$166.88M$145.88M$-17.55M$192.46M$134.80M$128.77M$-13.88M$110.34M$137.64M$120.48M$86.18M$100.25M$133.97M$109.57M$17.87M$97.54M$134.88M
Low Forecast$249.66M$247.08M$244.52M$242.00M$224.65M$246.40M$235.34M$175.06M$215.17M$245.59M$243.18M$-33.31M$114.55M$138.22M$131.41M$-26.33M$128.31M$134.80M$128.77M$-20.81M$110.34M$137.64M$120.48M$57.45M$100.25M$133.97M$109.57M$11.91M$97.54M$134.88M
Surprise %------------1.28%2.13%1.37%-1.97%0.73%1.35%1.20%-1.15%0.67%1.30%1.32%0.77%-0.71%0.91%1.02%1.05%1.38%

2 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 26Sep 26Jun 26Mar 26Dec 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 19
# Analysts3333222673225127755556666810101099
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
Avg Forecast$109.30M$165.71M$148.08M$7.05M$95.96M$151.95M$136.77M$-12.17M$72.27M$120.01M$107.80M$-50.54M$46.74M$132.08M$104.10M$-39.95M$53.32M$125.26M$91.33M$-31.58M$44.42M$108.44M$85.76M$-29.22M$29.68M$112.03M$43.90M$-44.02M$20.19M$124.26M
High Forecast$117.44M$178.06M$159.12M$7.58M$103.11M$163.28M$146.97M$2.03M$98.08M$128.95M$108.02M$-40.43M$53.66M$160.25M$111.85M$-31.96M$63.99M$125.26M$91.33M$-25.27M$44.42M$108.44M$85.76M$-23.38M$29.68M$112.03M$43.90M$-35.22M$20.19M$124.26M
Low Forecast$102.54M$155.47M$138.93M$6.62M$90.03M$142.56M$128.32M$-18.25M$51.62M$112.59M$107.58M$-60.65M$43.27M$117.99M$97.66M$-47.95M$42.66M$125.26M$91.33M$-37.90M$44.42M$108.44M$85.76M$-35.07M$29.68M$112.03M$43.90M$-52.83M$20.19M$124.26M
Surprise %------------0.06%1.74%0.80%0.78%0.56%0.69%2.08%1.10%0.79%0.68%0.66%0.77%-0.81%1.30%1.02%1.77%0.45%

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 26Sep 26Jun 26Mar 26Dec 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 19
# Analysts3333222673225127755556666810101099
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
Avg Forecast$120.33M$119.08M$117.85M$116.64M$108.27M$118.76M$113.43M$82.30M$102.18M$115.61M$111.94M$76.53M$55.09M$73.07M$63.34M$60.50M$61.15M$66.66M$63.67M$47.82M$54.56M$68.06M$59.58M$67.02M$49.57M$66.25M$54.18M$120.14M$48.23M$66.70M
High Forecast$127.23M$125.91M$124.61M$123.32M$114.48M$125.57M$119.93M$87.08M$108.19M$118.49M$112.25M$91.84M$56.49M$76.61M$66.97M$72.60M$73.38M$66.66M$63.67M$57.39M$54.56M$68.06M$59.58M$80.43M$49.57M$66.25M$54.18M$144.17M$48.23M$66.70M
Low Forecast$114.61M$113.42M$112.25M$111.09M$103.13M$113.11M$108.04M$80.36M$98.78M$112.74M$111.63M$61.22M$52.58M$63.45M$60.33M$48.40M$48.92M$66.66M$63.67M$38.26M$54.56M$68.06M$59.58M$53.62M$49.57M$66.25M$54.18M$96.11M$48.23M$66.70M
Surprise %------------1.08%0.70%0.88%0.77%0.83%0.60%0.75%1.09%1.64%0.70%0.80%0.77%-1.24%1.23%1.02%2.61%1.77%

Summit Materials's average Quarter SG&A projection for Mar 24 is $76.53M, based on 2 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 26Sep 26Jun 26Mar 26Dec 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 19
# Analysts3333222673225127755556666810101099
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
Avg Forecast$0.62$0.94$0.84$0.04$0.54$0.86$0.78$-0.07$0.41$0.68$0.61$-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
High Forecast$0.67$1.01$0.90$0.04$0.58$0.93$0.83$0.01$0.56$0.73$0.61$-0.20$0.30$0.91$0.63$-0.34$0.32$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
Low Forecast$0.58$0.88$0.79$0.04$0.51$0.81$0.73$-0.10$0.29$0.64$0.61$-0.23$0.25$0.67$0.55$-0.39$0.28$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
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%

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
CRHCRH$100.20$99.00-1.20%Buy
SUMSummit Materials$48.40$46.56-3.80%Buy
MLMMartin Marietta Materials$585.26$527.77-9.82%Buy
EXPEagle Materials$300.27$268.78-10.49%Buy
VMCVulcan Materials Company$277.81$241.50-13.07%Buy
LOMALoma Negra Compañía Industrial Argentina Sociedad Anónima$11.03$8.10-26.56%Hold

SUM Forecast FAQ

Is Summit Materials a good buy?

Yes, according to 11 Wall Street analysts, Summit Materials (SUM) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 7 'Buy' recommendations, accounting for 72.73% of SUM's total ratings.

What is SUM's price target?

Summit Materials (SUM) average price target is $46.56 with a range of $35 to $55, implying a -3.80% from its last price of $48.4. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Summit Materials stock go up soon?

According to Wall Street analysts' prediction for SUM stock, the company can go down by -3.80% (from the last price of $48.4 to the average price target of $46.56), up by 13.64% based on the highest stock price target, and down by -27.69% based on the lowest stock price target.

Can Summit Materials stock reach $70?

SUM's average twelve months analyst stock price target of $46.56 does not support the claim that Summit Materials can reach $70 in the near future.

What is Summit Materials's current price target trend?

2 Wall Street analysts forecast a $52.5 price target for Summit Materials (SUM) this month, up 8.47% from its last price of $48.4. Compared to the last 3 and 12 months, the average price target increased by 2.27% and increased by 1.40%, respectively.

What are Summit Materials's analysts' financial forecasts?

Summit Materials's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.29B (high $4.54B, low $4.11B), average EBITDA is $920.94M (high $973.87M, low $881.45M), average net income is $372.52M (high $415.39M, low $342.66M), average SG&A $422.77M (high $447.06M, low $404.64M), and average EPS is $2.11 (high $2.36, low $1.94). SUM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $4.81B (high $5.08B, low $4.58B), average EBITDA is $1.03B (high $1.09B, low $983.25M), average net income is $430.14M (high $462.2M, low $403.55M), average SG&A $473.9M (high $501.07M, low $451.37M), and average EPS is $2.44 (high $2.62, low $2.29).

Did the SUM's actual financial results beat the analysts' financial forecasts?

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 $395.21M by 82.79%. The company's net income was $285.86M, beating the average estimation of $242.95M by 17.66%. 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 $120.01M by 27.60%. Summit Materials's net income was $2.98M, missing the average estimation of $46.74M by -93.63%. 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%