Summit Materials Inc. (NYSE:SUM) finished Friday with an addition of $0.25 to close at $35.02, an upside of 0.72 percent. An average of 597,220 shares of common stock have been traded in the last five days. There was a gain of $1.59 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 791,095 shares traded, while the 50-day average volume stands at 695,262.
SUM stock has increased by 10.16% in the last month. The company shares reached their 1-month lowest point of $31.08 on 10/12/21. With the stock rallying to its 52-week high on 06/25/21, shares of the company touched a low of $15.44 and a high of $37.12 in 52 weeks. It has reached a new high 24 times so far this year and achieved 74.40% or $14.94 in price. In spite of this, the price is down -5.67% from the 52-week high.
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74 days have passed since Summit Materials Inc. (SUM) last reported insider trading activity. Gaskill Christopher Burke, who is See Remarks, most recently acquired $5,000 shares at $35.05 per share on Aug 10. In this transaction, the insider spent $175,250. Director, LANCE HOWARD L, disposed of 90,000 shares at a price of $34.33 on Jun 16. The insider now owns more than $3,089,700 worth of shares. Prior to that, Director LANCE HOWARD L went on to Sale 82,500 shares at $34.53 each on Jun 15. An amount of $2,848,725 was transacted.
Summit Materials Inc. (SUM) has a trailing price-to-earnings (P/E) ratio of 25.36, which compares with the 15.10 for the broader industry and 13.81 for the sector. In the last five years, Summit Materials Inc.’s PE ratio has ranged between 2495.00 and 13.50. The stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.70, the price-to-book (PB) ratio at 2.45, and the price-to-cash flow ratio at 18.98.
The quick ratio of Summit Materials Inc. for the three months ended June 29 was 2.40, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.14 and a total debt to equity ratio of 1.15 for the quarter ending June 29. Summit Materials Inc.’s EBITDA margin for the year ending June 29 is 18.82%, while its operating margin for the same period stands at 10.20%. Its gross profit as reported stood at $748.46 million compared to revenue of $2.33 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Summit Materials Inc.’s return on assets was 3.70%. For the broader industry, ROE averaged 16.98 over the past year.
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $56.66 million in the quarter, while revenues of -$22.52 million were shrunk -0.71%. The analyst consensus anticipated Summit Materials Inc.’s latest quarter earnings to come in at $0.51 per share, but it turned out to be $0.49, a -3.90% surprise. For the quarter, EBITDA amounted to $155.25 million. Shareholders own equity worth $118.02 million.
From a technical analysis perspective, let’s take a brief look at Summit Materials Inc. (SUM) price momentum. RSI 9-day as of the close on 22 October was 74.48%, suggesting the stock is Overbought, with historical volatility in this time frame at 20.60%.
As of today, SUM’s price is $34.28 +4.76% or $1.59 from its 5-day moving average. SUM is currently trading +12.28% higher than its 20-day SMA and +1.01% higher than its 100-day SMA. However, the stock’s current price level is -1.44% below the SMA50 and +46.40% above the SMA200.
The stochastic %K and %D were 92.80% and 87.23%, respectively, and the average true range (ATR) was 1.02. With the 14-day stochastic at 91.85% and the average true range at 1.05, the RSI (14) stands at 66.42%. The stock has reached 1.26 on the 9-day MACD Oscillator while the 14-day reading was at 1.81.
RBC Capital Mkts downgraded Summit Materials Inc. (NYSE: SUM) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Summit Materials Inc. (SUM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SUM, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 11 others rate it as a “buy”.
What is SUM’s price target for the next 12 months?
Analysts predict a range of price targets between $35.00 and $47.00, with a median target of $39.00. Taking a look at these predictions, the average price target given by analysts for Summit Materials Inc. (SUM) stock is $38.72.