Several analysts have recently updated their ratings and price targets for Summit Materials (NYSE: SUM):

  • 8/5/2017 – Summit Materials was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “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. “
  • 8/4/2017 – Summit Materials was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/3/2017 – Summit Materials had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $35.00 price target on the stock.
  • 8/3/2017 – Summit Materials had its price target raised by analysts at Royal Bank Of Canada from $33.00 to $35.00. They now have an “outperform” rating on the stock.
  • 8/2/2017 – Summit Materials was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 7/20/2017 – Summit Materials was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/14/2017 – Summit Materials was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/14/2017 – Summit Materials was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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. “
  • 7/8/2017 – Summit Materials was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/5/2017 – Summit Materials was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “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. “
  • 6/22/2017 – Summit Materials was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/19/2017 – Summit Materials had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $33.00 price target on the stock.
  • 6/13/2017 – Summit Materials was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/8/2017 – Summit Materials is now covered by analysts at Longbow Research. They set a “buy” rating and a $34.00 price target on the stock.

Summit Materials, Inc. (NYSE:SUM) traded down 0.222% during trading on Monday, hitting $29.275. 509,143 shares of the company traded hands. Summit Materials, Inc. has a 12-month low of $17.27 and a 12-month high of $29.67. The firm has a market capitalization of $3.15 billion, a P/E ratio of 49.872 and a beta of 2.06. The stock has a 50-day moving average price of $28.53 and a 200-day moving average price of $26.12.

Summit Materials (NYSE:SUM) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $478.37 million during the quarter, compared to the consensus estimate of $469.91 million. Summit Materials had a net margin of 2.46% and a return on equity of 10.43%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. Equities analysts expect that Summit Materials, Inc. will post $1.23 EPS for the current fiscal year.

In other Summit Materials news, insider Thomas W. Hill sold 12,500 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $28.75, for a total value of $359,375.00. Following the completion of the transaction, the insider now owns 20,610 shares in the company, valued at approximately $592,537.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas W. Hill sold 6,300 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $28.74, for a total value of $181,062.00. Following the completion of the transaction, the chief executive officer now owns 20,610 shares of the company’s stock, valued at approximately $592,331.40. The disclosure for this sale can be found here. Insiders sold a total of 127,800 shares of company stock valued at $3,558,302 in the last 90 days. Corporate insiders own 1.97% of the company’s stock.

Summit Materials, Inc is a construction materials company. The Company operates through three segments: West, East and Cement. As of December 31, 2016, the Company had operations in 21 states in the United States and in British Columbia, Canada. The Company’s materials include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies along the Mississippi River from Minneapolis to New Orleans.

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