Barclays Keeps Their Hold Rating on Summit Materials (SUM)

In a report released today, Adam Seiden from Barclays maintained a Hold rating on Summit Materials (SUM – Research Report), with a price target of $45.00. The company’s shares closed yesterday at $39.23.

Seiden covers the Industrials sector, focusing on stocks such as Caterpillar, MasTec, and Terex. According to TipRanks, Seiden has an average return of 11.2% and a 56.04% success rate on recommended stocks.

Summit Materials has an analyst consensus of Moderate Buy, with a price target consensus of $48.00.

The company has a one-year high of $44.89 and a one-year low of $27.20. Currently, Summit Materials has an average volume of 1.03M.

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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.