Impact of Brokerage Rating on Summit Materials, Inc.(SUM)

Many Summit Materials, Inc.(SUM) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Summit Materials Inc was Initiated by SunTrust to Buy on Jan 20, 2017.

Company has reported several Insider transactions to the SEC, on Jan 19, 2017, Thomas W. Hill (President and CEO) sold 10,000 shares at 23.59 per share price.On Dec 19, 2016, Brian James Harris (EVP & Chief Financial Officer) sold 24,000 shares at 23.61 per share price.On Dec 19, 2016, Michael John Brady (officer ) sold 112,825 shares at 23.76 per share price.

Summit Materials Inc Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.67. The company had revenue of $529.40 million for the quarter, compared to analysts expectations of $513.44 million. The companys revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Summit Materials, Inc. (NYSE:SUM) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.5 by 6 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.

Summit Materials, Inc. (NYSE:SUM): The mean short term price target for Summit Materials, Inc. (NYSE:SUM) has been established at $28.06 per share. The higher price target estimate is at $30 and the lower price target estimate is expected at $26 according to 6 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $1.84

Summit Materials, Inc. (NYSE:SUM) witnessed a decline in the market cap on Tuesday as its shares dropped 0.57% or 0.14 points. After the session commenced at $24.48, the stock reached the higher end at $24.5425 while it hit a low of $24.19. With the volume soaring to 1,170,728 shares, the last trade was called at $24.5. The company has a 52-week high of $26.46. The company has a market cap of $3,055 million and there are 124,694,748 shares in outstanding. The 52-week low of the share price is $15.306324.

Summit Materials, Inc. is a construction material company. The company supplies aggregates, cement, ready-mix concrete and asphalt primarily in the United States and western Canada. Summit Materials, Inc. is headquartered in Denver, Colorado.


Share this post

Leave a Reply