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

OverviewForecast
EarningsDividendOwnership

Analyst price target for SUM

Based on 12 analysts offering 12 month price targets for Summit Materials Inc.
Min Forecast
$26.00-4.34%
Avg Forecast
$33.92+24.79%
Max Forecast
$45.00+65.56%

Should I buy or sell SUM stock?

Based on 12 analysts offering ratings for Summit Materials Inc.
Strong Buy
Strong Buy
7 analysts 58.33%
Buy
2 analysts 16.67%
Hold
3 analysts 25%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their SUM stock forecasts and price targets.

SUM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Stephens & Co.
Top 10%
91
Strong BuyReiterates$37.00+36.13%2023-02-16
Goldman Sachs
Top 5%
96
HoldMaintains$28.00+3.02%2023-01-23
Morgan Stanley
Bottom 13%
13
HoldMaintains$32.00+17.73%2023-01-20
Truist Securities
Top 33%
68
Strong BuyInitiates Coverage On$40.00+47.17%2023-01-13
Stifel Nicolaus
Top 18%
83
Strong BuyMaintains$45.00+65.56%2022-12-19
JP Morgan
Bottom 34%
34
Strong BuyMaintains$34.00+25.09%2022-12-08
Citigroup
Top 3%
98
Strong BuyMaintains$33.00+21.41%2022-11-08
Jefferies
Bottom 18%
18
Strong BuyMaintains$36.00+32.45%2022-10-03
JP Morgan
Top 13%
88
Strong BuyMaintains$37.00+36.13%2022-09-22Find out why
Wolfe Research
Bottom 23%
23
BuyMaintains$28.00+3.02%2022-07-14

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Forecast return on equity

Is SUM forecast to generate an efficient return?
Company
9.54%
Industry
84.82%
Market
51.53%
SUM's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is SUM forecast to generate an efficient return on assets?
Company
4.48%
Industry
32.69%
SUM is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

SUM earnings per share forecast

What is SUM's earnings per share in the next 2 years based on estimates from 5 analysts?
Avg 1 year Forecast
$1.72-24.23%
Avg 2 year Forecast
$1.61-29.07%
SUM's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

SUM revenue forecast

What is SUM's revenue in the next 2 years based on estimates from 3 analysts?
Avg 1 year Forecast
$2.5B+2.79%
Avg 2 year Forecast
$2.8B+17.85%
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
-24.23%
Industry
62.79%
Market
77.86%
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
2.79%
Industry
6.97%
Market
25.31%
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$27.18$33.92+24.79%Strong Buy
EXP$138.89$145.22+4.56%Buy
USLM$149.99N/AN/A
LOMA$7.06$7.30+3.40%Hold
CPAC$5.21$6.00+15.16%Hold
View Top Building Material Stocks

Summit Materials Stock Forecast FAQ

Is Summit Materials Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering (NYSE: SUM) stock is to Strong Buy SUM stock.

Out of 12 analysts, 7 (58.33%) are recommending SUM as a Strong Buy, 2 (16.67%) are recommending SUM as a Buy, 3 (25%) 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 earnings growth forecast for 2023-2024?

(NYSE: SUM) Summit Materials's forecast annual earnings growth rate of -24.23% is not forecast to beat the US Building Materials industry's average forecast earnings growth rate of 62.79%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 77.86%.

Summit Materials's earnings in 2023 is $3,798,000.On average, 5 Wall Street analysts forecast SUM's earnings for 2023 to be $203,695,931, with the lowest SUM earnings forecast at $161,061,899, and the highest SUM earnings forecast at $252,251,357.

In 2024, SUM is forecast to generate $190,668,866 in earnings, with the lowest earnings forecast at $166,983,292 and the highest earnings forecast at $213,170,161.

What is SUM's revenue growth forecast for 2023-2024?

(NYSE: SUM) Summit Materials's forecast annual revenue growth rate of 2.79% is not forecast to beat the US Building Materials industry's average forecast revenue growth rate of 6.97%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 25.31%.

Summit Materials's revenue in 2023 is $2,412,522,000.On average, 3 Wall Street analysts forecast SUM's revenue for 2023 to be $293,691,991,214, with the lowest SUM revenue forecast at $283,907,125,559, and the highest SUM revenue forecast at $313,001,418,073.

In 2024, SUM is forecast to generate $336,718,256,430 in revenue, with the lowest revenue forecast at $336,718,256,430 and the highest revenue forecast at $336,718,256,430.

What is SUM's forecast return on assets (ROA) for 2023-2024?

(NYSE: SUM) forecast ROA is 4.48%, which is lower than the forecast US Building Materials industry average of 32.69%.

What is SUM's Price Target?

According to 12 Wall Street analysts that have issued a 1 year SUM price target, the average SUM price target is $33.92, with the highest SUM stock price forecast at $45.00 and the lowest SUM stock price forecast at $26.00.

On average, Wall Street analysts predict that Summit Materials's share price could reach $33.92 by Feb 16, 2024. The average Summit Materials stock price prediction forecasts a potential upside of 24.79% from the current SUM share price of $27.18.

What is SUM's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: SUM) Summit Materials's current Earnings Per Share (EPS) is $2.27. On average, analysts forecast that SUM's EPS will be $1.72 for 2023, with the lowest EPS forecast at $1.36, and the highest EPS forecast at $2.13. In 2024, SUM's EPS is forecast to hit $1.61 (min: $1.41, max: $1.80).

What is SUM's forecast return on equity (ROE) for 2023-2024?

(NYSE: SUM) forecast ROE is 9.54%, which is considered weak.
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