Summit Materials Stock Target Price and Analyst Consensus

SUM Stock  USD 44.57  0.54  1.23%   
The current analyst and expert consensus on Summit Materials is Strong Buy with 5 hold recommendations. The current projected Summit Materials target price consensus is 42.79 with 15 analyst opinions. One of the most common ways Summit Materials analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Summit Materials vendors, executives, and/or customers. Summit Materials recommendation module provides expert sentiment on the projected Summit Materials target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Summit Materials to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.
Lowest Forecast
38.94
Highest Forecast
47.5
Target Price
42.79
At this time, Summit Materials' Gross Profit is very stable compared to the past year. As of the 29th of March 2024, Pretax Profit Margin is likely to grow to 0.14, while Operating Profit Margin is likely to drop 0.06. At this time, Summit Materials' Net Tangible Assets are very stable compared to the past year. As of the 29th of March 2024, Short and Long Term Debt is likely to grow to about 4.7 M, while Total Assets are likely to drop about 3.6 B.
  
It's important to approach Summit Materials' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Summit Materials Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Summit target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Summit Materials' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   15  Strong Buy
Most Summit analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Summit stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Summit Materials, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Summit Materials Target Price Projection

Summit Materials' current and average target prices are 44.57 and 42.79, respectively. The current price of Summit Materials is the price at which Summit Materials is currently trading. On the other hand, Summit Materials' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Summit Materials Market Quote on 29th of March 2024

Low Price43.88Odds
High Price44.78Odds

44.57

Target Price

Analyst Consensus On Summit Materials Target Price

Low Estimate38.94Odds
High Estimate47.5Odds

42.79

Historical Lowest Forecast  38.94 Target Price  42.79 Highest Forecast  47.5
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Summit Materials and the information provided on this page.

Summit Materials Analyst Ratings

Summit Materials' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Summit Materials stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Summit Materials' financials, market performance, and future outlook by experienced professionals. Summit Materials' historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Summit Materials price targets

Summit Materials' stock target price is an estimate of its future price, usually made by analysts. Using Summit Materials' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Summit Materials' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Summit Materials' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Summit Materials Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Summit Materials is a key component of Summit Materials valuation and have some predictive power on the future returns of a Summit Materials.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Summit Materials' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
42.5344.5746.61
Details
Intrinsic
Valuation
LowRealHigh
40.0942.1349.03
Details
Naive
Forecast
LowNextHigh
43.6645.7147.75
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.56-0.24-0.07
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Summit Materials. Your research has to be compared to or analyzed against Summit Materials' peers to derive any actionable benefits. When done correctly, Summit Materials' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Summit Materials.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
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Invested few shares
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When determining whether Summit Materials is a strong investment it is important to analyze Summit Materials' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Summit Materials' future performance. For an informed investment choice regarding Summit Stock, refer to the following important reports:
Check out Macroaxis Advice on Summit Materials to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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The data published in Summit Materials' official financial statements usually reflect Summit Materials' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Summit Materials. For example, before you start analyzing numbers published by Summit accountants, it's critical to develop an understanding of what Summit Materials' liquidity, profitability, and earnings quality are in the context of the Construction Materials space in which it operates.
Please note, the presentation of Summit Materials' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Summit Materials' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Summit Materials' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Summit Materials. Please utilize our Beneish M Score to check the likelihood of Summit Materials' management manipulating its earnings.