In yesterday’s Wall Street session, Summit Materials Inc (NYSE:SUM) shares traded at $50.85, up 0.20% from the previous session.
SUM stock price is now 16.84% away from the 50-day moving average and 25.49% away from the 200-day moving average. The market capitalization of the company currently stands at $8.93B.
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With the price target enhanced from $45 to $52, Barclays Upgraded its rating from Equal Weight to Overweight for Summit Materials Inc (NYSE: SUM). On October 25, 2024, RBC Capital Mkts Upgraded its previous ‘Sector Perform’ rating to ‘Outperform’ on the stock increasing its target price from $45 to quote $53, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Ghelani Kekin, Officer bought 17,936 shares of the company’s stock on Oct 01 ’24. The stock was bought for $694,303 at an average price of $38.71. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’24, See Remarks Kilgore Jason sold 50,589 shares of the business’s stock. A total of $2,033,951 was realized by selling the stock at an average price of $40.21. This leaves the insider owning 60,630 shares of the company worth $3.08 million. A total of 31.93% of the company’s stock is owned by insiders.
During the past 12 months, Summit Materials Inc has had a low of $34.38 and a high of $53.49. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 3.10, and a quick ratio of 2.48. According to the stock market information, the enterprise value for the company is $11108255744, which is based on a 61.68 price-to-earnings ratio, a 4.08 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for SUM is $43.286 and a two-hundred day moving average price translates $40.4587 for the stock.
The latest earnings results from Summit Materials Inc (NYSE: SUM) was released for 2024-09-28. The net profit margin was 3.92% and return on equity was 4.37% for SUM. The company reported revenue of $1.17 billion for the quarter, compared to $794.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.35 percent.
