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NYSE: SUM
Summit Materials Inc Stock Forecast, Predictions & Price Target

Analyst price target for SUM

Based on 8 analysts offering 12 month price targets for Summit Materials Inc.
Min Forecast
$44.00+14.85%
Avg Forecast
$48.00+25.29%
Max Forecast
$53.00+38.35%

Should I buy or sell SUM stock?

Based on 8 analysts offering ratings for Summit Materials Inc.
Strong Buy
Strong Buy
5 analysts 62.5%
Buy
0 analysts 0%
Hold
3 analysts 37.5%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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SUM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-05Find Out Why
lockedlocked$00.00+00.00%2024-04-02Find Out Why
lockedlocked$00.00+00.00%2024-03-15
lockedlocked$00.00+00.00%2024-03-14
lockedlocked$00.00+00.00%2024-03-14
Goldman Sachs
Top 2%
99
HoldMaintains$49.00+27.90%2024-03-14
JP Morgan
Top 46%
55
Strong BuyUpgrades$47.00+22.68%2024-02-23
Stephens & Co.
Top 2%
99
Strong BuyReiterates$45.00+17.46%2024-02-15

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Forecast return on equity

Is SUM forecast to generate an efficient return?
Company
N/A
Industry
2.08%
Market
20.02%

Forecast return on assets

Is SUM forecast to generate an efficient return on assets?
Company
N/A
Industry
0.96%

SUM revenue forecast

What is SUM's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$4.4B+66.65%
Avg 2 year Forecast
$4.7B+78.66%
Avg 3 year Forecast
$4.9B+85.24%
SUM's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

SUM earnings growth forecast

How is SUM forecast to perform vs Building Materials companies and vs the US market?
Company
-43.5%
Industry
18.07%
Market
28.77%
SUM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
SUM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
SUM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

SUM revenue growth forecast

How is SUM forecast to perform vs Building Materials companies and vs the US market?
Company
33.21%
Industry
7.02%
Market
9.19%
SUM's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
SUM's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

SUM vs Building Material Stocks

TickerPricePrice TargetUp/downsideConsensus
SUM$38.31$48.00+25.29%Strong Buy
BCC$133.60$138.67+3.79%Buy
EXP$238.19$283.17+18.88%Strong Buy
KNF$75.40$82.33+9.19%Strong Buy
TGLS$54.71$54.00-1.30%Strong Buy

Summit Materials Stock Forecast FAQ

Is Summit Materials Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NYSE: SUM) stock is to Strong Buy SUM stock.

Out of 8 analysts, 5 (62.5%) are recommending SUM as a Strong Buy, 0 (0%) are recommending SUM as a Buy, 3 (37.5%) are recommending SUM as a Hold, 0 (0%) are recommending SUM as a Sell, and 0 (0%) are recommending SUM as a Strong Sell.

If you're new to stock investing, here's how to buy Summit Materials stock.

What is SUM's revenue growth forecast for 2024-2026?

(NYSE: SUM) Summit Materials's forecast annual revenue growth rate of 33.21% is forecast to beat the US Building Materials industry's average forecast revenue growth rate of 7.02%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.19%.

Summit Materials's revenue in 2024 is $2,619,468,000.On average, 4 Wall Street analysts forecast SUM's revenue for 2024 to be $760,753,203,941, with the lowest SUM revenue forecast at $743,897,657,927, and the highest SUM revenue forecast at $774,115,722,884. On average, 4 Wall Street analysts forecast SUM's revenue for 2025 to be $815,543,574,626, with the lowest SUM revenue forecast at $789,974,107,608, and the highest SUM revenue forecast at $843,056,129,443.

In 2026, SUM is forecast to generate $845,600,441,717 in revenue, with the lowest revenue forecast at $845,600,441,717 and the highest revenue forecast at $845,600,441,717.

What is SUM's forecast return on assets (ROA) for 2024-2026?

(NYSE: SUM) forecast ROA is N/A, which is lower than the forecast US Building Materials industry average of 0.96%.

What is SUM's Price Target?

According to 8 Wall Street analysts that have issued a 1 year SUM price target, the average SUM price target is $48.00, with the highest SUM stock price forecast at $53.00 and the lowest SUM stock price forecast at $44.00.

On average, Wall Street analysts predict that Summit Materials's share price could reach $48.00 by Apr 5, 2025. The average Summit Materials stock price prediction forecasts a potential upside of 25.29% from the current SUM share price of $38.31.

What is SUM's forecast return on equity (ROE) for 2024-2026?

(NYSE: SUM) forecast ROE is N/A, which is considered weak.
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