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

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SUM Stock Forecast

Summit Materials (SUM) stock forecast, based on 24 Wall Street analysts, predicts a 12-month average price target of $52.50, with a high of $52.50 and a low of $52.50. This represents a 0.02% increase from the last price of $52.49.

$35 $39 $43 $47 $51 $55 High: $52.5 Avg: $52.5 Low: $52.5 Last Closed Price: $52.49

SUM Stock Rating

Summit Materials stock's rating consensus is Hold, based on 24 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 9 Buy (37.50%), 14 Hold (58.33%), 1 Sell (4.17%), and 0 Strong Sell (0.00%).

Hold
Total 24 1 14 9 0 Strong Sell Sell Hold Buy Strong Buy

SUM Price Target Upside V Benchmarks

TypeNameUpside
StockSummit Materials0.02%
SectorBasic Materials Stocks 21.09%

Price Target Trends

1M3M12M
# Anlaysts--10
Avg Price Target--$49.45
Last Closing Price$52.49$52.49$52.49
Upside/Downside---5.79%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 252110--13
Jan, 252210--14
Dec, 24239--14
Nov, 24788--23
Oct, 24784--19
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 07, 2025Trey GroomsSummit Redstone Partners$52.50$52.140.69%0.02%
Oct 29, 2024Adam SeidenSummit Redstone Partners$52.00$45.6313.96%-0.93%
Oct 25, 2024Mike DahlSummit Redstone Partners$53.00$45.1017.52%0.97%
Oct 15, 2024Brent ThielmanD.A. Davidson$41.00$38.895.43%-21.89%
Oct 01, 2024Garik ShmoisLoop Capital Markets$49.00$38.3627.74%-6.65%
Aug 26, 2024Angel CastilloSummit Redstone Partners$51.00$40.3626.36%-2.84%
Aug 26, 2024Angel CastilloMorgan Stanley$51.00$40.3626.36%-2.84%
May 06, 2024Brent ThielmanD.A. Davidson$44.00$39.4611.51%-16.17%
May 03, 2024Mike DahlRBC Capital$46.00$39.1017.65%-12.36%
May 02, 2024Stanley ElliottStifel Nicolaus$55.00$39.4639.38%4.78%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Dec 16, 2024JefferiesHolddowngrade
Oct 29, 2024BarclaysOverweightupgrade
Oct 15, 2024RBC CapitalUnderperformUnderperformhold
Oct 01, 2024Loop Capital MarketsBuyBuyhold
Aug 26, 2024RBC CapitalUnderperformUnderperformhold
Aug 26, 2024Morgan StanleyEqual-WeightOverweightinitialise
Aug 07, 2024StephensBuyBuyhold
May 15, 2024Wolfe ResearchOutperformupgrade
May 03, 2024Truist FinancialSector PerformSector Performhold
May 03, 2024StephensOverweightOverweighthold

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$1.19$1.27$2.27-----
Avg Forecast$0.75$1.09$1.17$1.52$1.67$2.08$2.60-
High Forecast$0.81$1.17$1.20$1.56$1.78$2.47$3.23-
Low Forecast$0.73$1.05$1.13$1.44$1.51$1.65$1.86-
Surprise %58.67%16.51%94.02%-----

Revenue Forecast

$2B $3B $3B $4B $4B $5B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$2.33B$2.41B$2.41B$2.62B----
Avg Forecast$2.07B$2.23B$2.30B$2.39B$4.01B$4.31B$4.58B$2.99B
High Forecast$2.19B$2.36B$2.34B$2.40B$4.11B$4.39B$4.60B$3.06B
Low Forecast$2.00B$2.16B$2.25B$2.36B$4.00B$4.21B$4.56B$2.89B
Surprise %12.90%7.95%5.06%9.74%----

Net Income Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$137.97M$152.18M$272.14M$285.86M----
Avg Forecast$143.91M$147.11M$158.67M$285.86M$197.25M$246.41M$305.09M-
High Forecast$190.30M$188.22M$203.04M$370.01M$213.54M$295.70M$387.14M-
Low Forecast$97.52M$105.99M$114.30M$201.70M$180.97M$197.13M$223.04M-
Surprise %-4.13%3.45%71.51%-----

SUM Forecast FAQ

Is Summit Materials stock a buy?

Summit Materials stock has a consensus rating of Hold, based on 24 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 9 Buy, 14 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Summit Materials is a neutral investment for most analysts.

What is Summit Materials's price target?

Summit Materials's price target, set by 24 Wall Street analysts, averages $52.5 over the next 12 months. The price target range spans from $52.5 at the low end to $52.5 at the high end, suggesting a potential 0.02% change from the previous closing price of $52.49.

How does Summit Materials stock forecast compare to its benchmarks?

Summit Materials's stock forecast shows a 0.02% upside, underperforming the average forecast for the basic materials stocks sector (21.09%).

What is the breakdown of analyst ratings for Summit Materials over the past three months?

  • February 2025: 15.38% Strong Buy, 7.69% Buy, 76.92% Hold, 0% Sell, 0% Strong Sell.
  • January 2025: 14.29% Strong Buy, 14.29% Buy, 71.43% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 14.29% Strong Buy, 21.43% Buy, 64.29% Hold, 0% Sell, 0% Strong Sell.

What is Summit Materials’s EPS forecast?

Summit Materials's average annual EPS forecast for its fiscal year ending in December 2024 is $1.67, marking a 0% decrease from the reported $0 in 2023. Estimates for the following years are $2.08 in 2025, $2.6 in 2026, and $0 in 2027.

What is Summit Materials’s revenue forecast?

Summit Materials's average annual revenue forecast for its fiscal year ending in December 2024 is $4.01B, reflecting a 53.20% increase from the reported $2.62B in 2023. The forecast for 2025 is $4.31B, followed by $4.58B for 2026, and $2.99B for 2027.

What is Summit Materials’s net income forecast?

Summit Materials's net income forecast for the fiscal year ending in December 2024 stands at $197.25M, representing a -31.00% decrease from the reported $285.86M in 2023. Projections indicate $246.41M in 2025, $305.09M in 2026, and $0 in 2027.