Summit Materials (SUM) Stock Forecast, Price Target & Predictions
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
SUM Analyst Ratings
Summit Materials Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Aug 26, 2024 | Angel Castillo | Summit Redstone Partners | $51.00 | $40.36 | 26.36% | 30.43% |
Aug 26, 2024 | Angel Castillo | Morgan Stanley | $51.00 | $40.36 | 26.36% | 30.43% |
May 06, 2024 | Brent Thielman | D.A. Davidson | $44.00 | $39.46 | 11.51% | 12.53% |
May 03, 2024 | Mike Dahl | RBC Capital | $46.00 | $39.10 | 17.65% | 17.65% |
May 02, 2024 | Stanley Elliott | Stifel Nicolaus | $55.00 | $39.46 | 39.38% | 40.66% |
Apr 02, 2024 | Keith Hughes | Truist Financial | $53.00 | $43.11 | 22.94% | 35.55% |
Mar 15, 2024 | Keith Hughes | Truist Financial | $50.00 | $40.82 | 22.49% | 27.88% |
Mar 13, 2024 | Mike Dahl | RBC Capital | $44.00 | $41.98 | 4.81% | 12.53% |
Jun 03, 2021 | Garik Shmois | Loop Capital Markets | $42.00 | $35.10 | 19.66% | 7.42% |
May 31, 2021 | Jerry Revich | Goldman Sachs | $35.00 | $34.82 | 0.52% | -10.49% |
Summit Materials Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 2 | 2 | 8 |
Avg Price Target | $51.00 | $51.00 | $49.25 |
Last Closing Price | $39.10 | $39.10 | $39.10 |
Upside/Downside | 30.43% | 30.43% | 25.96% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Aug 26, 2024 | Stephens | Sector Perform | Sector Perform | Hold |
Aug 26, 2024 | RBC Capital | Underperform | Underperform | Hold |
Aug 26, 2024 | Morgan Stanley | Equal-Weight | Overweight | Initialise |
Aug 07, 2024 | Citigroup | Underperform | Underperform | Hold |
Aug 07, 2024 | Stephens | Buy | Buy | Hold |
May 15, 2024 | Wolfe Research | - | Outperform | Upgrade |
May 03, 2024 | Truist Financial | Sector Perform | Sector Perform | Hold |
May 03, 2024 | Stephens | Overweight | Overweight | Hold |
May 03, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
Apr 05, 2024 | Citigroup | Buy | Buy | Hold |
Summit Materials Financial Forecast
Summit Materials Revenue Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 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 |
# Analysts | 3 | 3 | 6 | 3 | 4 | 9 | 6 | 3 | 5 | 12 | 8 | 8 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 5 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 8 |
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 EBITDA Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 3 | 3 | 6 | 3 | 4 | 9 | 6 | 3 | 5 | 12 | 8 | 8 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 5 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 8 |
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% |
Summit Materials Net Income Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 3 | 3 | 6 | 3 | 4 | 9 | 6 | 3 | 5 | 12 | 8 | 8 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 5 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 8 |
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 SG&A Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 3 | 3 | 6 | 3 | 4 | 9 | 6 | 3 | 5 | 12 | 8 | 8 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 5 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 8 |
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 EPS Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 3 | 3 | 6 | 3 | 4 | 9 | 6 | 3 | 5 | 12 | 8 | 8 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 5 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 8 |
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% |
Summit Materials Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
SUM | Summit Materials | $39.10 | $46.00 | 17.65% | Buy |
CRH | CRH | $89.27 | $99.00 | 10.90% | Buy |
VMC | Vulcan Materials Company | $245.12 | $241.08 | -1.65% | Buy |
MLM | Martin Marietta Materials | $534.04 | $522.77 | -2.11% | Buy |
LOMA | Loma Negra Compañía Industrial Argentina Sociedad Anónima | $8.36 | $8.10 | -3.11% | Hold |
EXP | Eagle Materials | $280.72 | $263.22 | -6.23% | Buy |
SUM Forecast FAQ
Is Summit Materials a good buy?
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.
What is SUM's price target?
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.
Will Summit Materials stock go up soon?
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.
Can Summit Materials stock reach $60?
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.
What is Summit Materials's current price target trend?
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.
What are Summit Materials's analysts' financial forecasts?
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).
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 $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%