In a report released yesterday, Michael Dahl from RBC Capital maintained a Hold rating on Summit Materials (SUM – Research Report), with a price target of $38.00. The company’s shares closed yesterday at $38.26.
According to TipRanks, Dahl is a 5-star analyst with an average return of 6.0% and a 57.26% success rate. Dahl covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, Lennar, and Mohawk.
In addition to RBC Capital, Summit Materials also received a Hold from D.A. Davidson’s Brent Thielman in a report issued on February 8. However, on February 1, Loop Capital Markets maintained a Buy rating on Summit Materials (NYSE: SUM).
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SUM market cap is currently $6.56B and has a P/E ratio of 14.64.
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Summit Materials (SUM) Company Description:
Summit Materials, Inc. is a construction materials company. It manufactures construction materials and related downstream products. The company operates its business through the following segments: Cement, West and East. The Cement consists of its Hannibal, Missouri and Davenport, Iowa cement plants and distribution terminals along the Mississippi river from Minnesota to Louisiana. The West segment includes operations in Texas, Utah, Colorado, Idaho, Wyoming and Nevada and in British Columbia, Canada. The East segments serves markets extending across the Midwestern and Eastern United States, most notably in Kansas, Missouri, Virginia, Kentucky, North Carolina, South Carolina and Nebraska where the company supplies aggregates, ready mix concrete, asphalt paving mix and paving and related services. The company was founded by Thomas W. Hill on September 23, 2014 and is headquartered in Denver, CO.
Read More on SUM:
- SUM Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Summit Materials price target raised to $42 from $40 at DA Davidson
- Summit Materials price target raised to $44 from $41 at Loop Capital
- Summit Materials Completes Combination with Argos USA
- Summit Materials downgraded to Sector Perform from Outperform at RBC Capital
