Summit Materials Inc
NYSE:SUM

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Summit Materials Inc
NYSE:SUM
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Price: 51.66 USD 0.98% Market Closed
Market Cap: 9.1B USD
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Wall Street
Price Targets

SUM Price Targets Summary
Summit Materials Inc

Wall Street analysts forecast SUM stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SUM is 54.08 USD with a low forecast of 43.43 USD and a high forecast of 63 USD.

Lowest
Price Target
43.43 USD
16% Downside
Average
Price Target
54.08 USD
5% Upside
Highest
Price Target
63 USD
22% Upside

SUM Last Price Targets
Summit Materials Inc

The latest public price target was made on Oct 29, 2024 by Adam Seiden from Summit Redstone Partners , who expects SUM stock to rise by 1% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Adam Seiden
Summit Redstone Partners
52 USD
Upside 1%
3 weeks ago
Oct 29, 2024
Summit Materials upgraded to Overweight from Equal Weight at Barclays
TheFly
Mike Dahl
Summit Redstone Partners
53 USD
Upside 3%
4 weeks ago
Oct 25, 2024
RBC Capital Upgrades Summit Materials (SUM) to Outperform
StreetInsider
Brent Thielman
D.A. Davidson
41 USD
Downside 21%
1 month ago
Oct 15, 2024
DA Davidson Reiterates Neutral Rating on Summit Materials (SUM)
StreetInsider
Garik Shmois
Loop Capital Markets
49 USD
Downside 5%
1 month ago
Oct 1, 2024
Summit Materials (SUM) PT Lowered to $49 at Loop Capital
StreetInsider
Angel Castillo
Morgan Stanley
51 USD
Downside 1%
2 months ago
Aug 26, 2024
Morgan Stanley Starts Summit Materials (SUM) at Overweight
StreetInsider
Angel Castillo
Summit Redstone Partners
51 USD
Downside 1%
2 months ago
Aug 26, 2024
Summit Materials initiated with an Overweight at Morgan Stanley
TheFly
Brent Thielman
D.A. Davidson
44 USD
Downside 15%
6 months ago
May 6, 2024
Summit Materials (SUM) PT Raised to $44 at DA Davidson
StreetInsider
Mike Dahl
RBC Capital
46 USD
Downside 11%
6 months ago
May 3, 2024
Summit Materials (SUM) PT Raised to $46 at RBC Capital
StreetInsider
Stanley Elliott
Stifel Nicolaus
55 USD
Upside 6%
6 months ago
May 2, 2024
Summit Materials (SUM) PT Raised to $55 at Stifel
StreetInsider
Keith Hughes
Truist Financial
53 USD
Upside 3%
7 months ago
Apr 2, 2024
Summit Materials price target raised to $53 from $50 at Truist
TheFly
Keith Hughes
Truist Financial
50 USD
Downside 3%
8 months ago
Mar 15, 2024
Summit Materials (SUM) PT Raised to $50 at Truist Securities, 'SUM Analyst Day Sees Raised Argos Synergy Target'
StreetInsider
Mike Dahl
RBC Capital
44 USD
Downside 15%
8 months ago
Mar 13, 2024
Summit Materials (SUM) PT Raised to $44 at RBC Capital Post Investor Day
StreetInsider
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Adam Seiden
Summit Redstone Partners
Price Target 52 USD
Upside/Downside 1%
View Source
Mike Dahl
Summit Redstone Partners
Price Target 53 USD
Upside/Downside 3%
View Source
Brent Thielman
D.A. Davidson
Price Target 41 USD
Upside/Downside 21%
View Source
Garik Shmois
Loop Capital Markets
Price Target 49 USD
Upside/Downside 5%
View Source
Angel Castillo
Morgan Stanley
Price Target 51 USD
Upside/Downside 1%
View Source
Angel Castillo
Summit Redstone Partners
Price Target 51 USD
Upside/Downside 1%
View Source
Brent Thielman
D.A. Davidson
Price Target 44 USD
Upside/Downside 15%
View Source
Mike Dahl
RBC Capital
Price Target 46 USD
Upside/Downside 11%
View Source
Stanley Elliott
Stifel Nicolaus
Price Target 55 USD
Upside/Downside 6%
View Source
Keith Hughes
Truist Financial
Price Target 53 USD
Upside/Downside 3%
View Source
Keith Hughes
Truist Financial
Price Target 50 USD
Upside/Downside 3%
View Source
Mike Dahl
RBC Capital
Price Target 44 USD
Upside/Downside 15%
View Source
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Summit Materials Inc Competitors:
Price Targets
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Gansu Qilianshan Cement Group Co Ltd
42% Upside
INTP
Indocement Tunggal Prakarsa Tbk PT
23% Upside
ACC
ACC Ltd
29% Upside
RAMCOCEM
Ramco Cements Limited
5% Downside
3080
Eastern Province Cement Company SJSC
35% Upside
CEM
Cementir Holding NV
11% Upside
EXP
Eagle Materials Inc
1% Upside
ULTRACEMCO
UltraTech Cement Ltd
6% Upside

Revenue
Forecast

Revenue Estimate
Summit Materials Inc

For the last 8 years the compound annual growth rate for Summit Materials Inc's revenue is 8%. The projected CAGR for the next 3 years is 21%.

8%
Past Growth
21%
Estimated Growth
Estimates Accuracy
4%
Average Beat

Operating Income
Forecast

Operating Income Estimate
Summit Materials Inc

For the last 8 years the compound annual growth rate for Summit Materials Inc's operating income is 9%. The projected CAGR for the next 3 years is 32%.

9%
Past Growth
32%
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Net Income
Forecast

Net Income Estimate
Summit Materials Inc

For the last 8 years the compound annual growth rate for Summit Materials Inc's net income is 34%. The projected CAGR for the next 3 years is 17%.

34%
Past Growth
17%
Estimated Growth
Estimates Accuracy
-27%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is SUM's stock price target?
Price Target
54.08 USD

According to Wall Street analysts, the average 1-year price target for SUM is 54.08 USD with a low forecast of 43.43 USD and a high forecast of 63 USD.

What is Summit Materials Inc's Revenue forecast?
Projected CAGR
21%

For the last 8 years the compound annual growth rate for Summit Materials Inc's revenue is 8%. The projected CAGR for the next 3 years is 21%.

What is Summit Materials Inc's Operating Income forecast?
Projected CAGR
32%

For the last 8 years the compound annual growth rate for Summit Materials Inc's operating income is 9%. The projected CAGR for the next 3 years is 32%.

What is Summit Materials Inc's Net Income forecast?
Projected CAGR
17%

For the last 8 years the compound annual growth rate for Summit Materials Inc's net income is 34%. The projected CAGR for the next 3 years is 17%.

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