Summit Materials, Inc. with ticker code (SUM) have now 15 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 50 and 27.53 and has a mean target at $36.56. Given that the stocks previous close was at $27.55 this now indicates there is a potential upside of 32.7%. The 50 day MA is $30.34 and the 200 moving average now moves to $27.87. The company has a market capitalization of $3,344m. Company Website: https://summit-materials.com
The potential market cap would be $4,438m based on the market consensus.
Summit Materials, Inc. operates as a vertically integrated construction materials company. It operates in three segments: West, East, and Cement. The company offers aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. It serves the public infrastructure, and residential and nonresidential end markets in the United States; and in British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 12.07, revenue per share of 20.12 and a 3.81% return on assets.
