Currently, there are 175.60M common shares owned by the public and among those 119.53M shares have been available to trade.
The company’s stock has a 5-day price change of 4.60% and 29.99% over the past three months. SUM shares are trading 31.96% year to date (YTD), with the 12-month market performance up to 45.37% higher. It has a 12-month low price of $34.37 and touched a high of $53.49 over the same period. SUM has an average intraday trading volume of 1.39 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.93%, 17.24%, and 25.44% respectively.
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Institutional ownership of Summit Materials Inc (NYSE: SUM) shares accounts for 70.06% of the company’s 175.60M shares outstanding.
It has a market capitalization of $9.00B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 61.56, while the earnings-per-share (ttm) stands at $0.82. The company has a PEG of 4.08 and a Quick Ratio of 2.48 with the debt-to-equity ratio at 0.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.34% over the week and 2.90% over the month.
Earnings per share for the fiscal year are expected to increase by 6.79%, and 24.16% over the next financial year. EPS should shrink at an annualized rate of 15.10% over the next five years, compared to 51.73% over the past 5-year period.
Looking at the support for the SUM, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on October 29, 2024, with the firm’s price target at $45-$52. RBC Capital Mkts coverage for the Summit Materials Inc (SUM) stock in a research note released on October 25, 2024 offered a Outperform rating with a price target of $53. Morgan Stanley was of a view on August 26, 2024 that the stock is Overweight, while Wolfe Research gave the stock Outperform rating on May 15, 2024, issuing a price target of $49. JP Morgan on their part issued Overweight rating on February 23, 2024.
