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Summit Materials price target lowered to $26 from $33 at DA Davidson » 07:46
07/01/22
07/01
07:46
07/01/22
07:46
SUM

Summit Materials

$23.25 /

+0.655 (+2.90%)

DA Davidson analyst Brent…

DA Davidson analyst Brent Thielman lowered the firm's price target on Summit Materials to $26 from $33 and keeps a Neutral rating on the shares. The analyst is updating his model to reflect the company's revised guidance for the Hinkle divestiture in late May as well as his assumption that margin pressure related to elevated hydrocarbon-related and other opex costs will linger through Q2. Shares may continue to experience volatility due to relatively higher levels of exposure to residential and as potential interim margin pressure is digested, Thielman tells investors in a research note.

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SUM Summit Materials
$23.25 /

+0.655 (+2.90%)

SUM Summit Materials
$23.25 /

+0.655 (+2.90%)

06/22/22 RBC Capital
RBC upgrades Summit Materials to Outperform on coming infrastructure tailwinds
06/22/22 RBC Capital
Summit Materials upgraded to Outperform from Sector Perform at RBC Capital
01/13/22 Barclays
Summit Materials price target raised to $40 from $35 at Barclays
10/27/21 Wolfe Research
Summit Materials initiated with an Outperform at Wolfe Research
SUM Summit Materials
$23.25 /

+0.655 (+2.90%)

Over a week ago
Upgrade
RBC upgrades Summit Materials to Outperform on coming infrastructure tailwinds » 06:23
06/22/22
06/22
06:23
06/22/22
06:23
SUM

Summit Materials

$23.20 /

-0.72 (-3.01%)

As previously reported,…

As previously reported, RBC Capital analyst Mike Dahl upgraded Summit Materials to Outperform from Sector Perform with a price target of $31, down from $33. He is lowering his FY23 EBITDA estimate by about 4% as he now models a decline in private residential demand starting in FY23, but continues to believe Summit is well-positioned to capture demand tailwinds on the public side as increased infrastructure spending starts to benefit results at a time of demand weakness across most areas of building products.

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SUM Summit Materials
$23.20 /

-0.72 (-3.01%)

SUM Summit Materials
$23.20 /

-0.72 (-3.01%)

06/22/22 RBC Capital
Summit Materials upgraded to Outperform from Sector Perform at RBC Capital
01/13/22 Barclays
Summit Materials price target raised to $40 from $35 at Barclays
10/27/21 Wolfe Research
Summit Materials initiated with an Outperform at Wolfe Research
10/26/21 Citi
Summit Materials price target raised to $41 from $40 at Citi
SUM Summit Materials
$23.20 /

-0.72 (-3.01%)

Upgrade
Summit Materials upgraded to Outperform from Sector Perform at RBC Capital » 06:10
06/22/22
06/22
06:10
06/22/22
06:10
SUM

Summit Materials

$23.20 /

-0.72 (-3.01%)

RBC Capital analyst Mike…

RBC Capital analyst Mike Dahl upgraded Summit Materials to Outperform from Sector Perform with a price target of $31, down from $33.

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SUM Summit Materials
$23.20 /

-0.72 (-3.01%)

SUM Summit Materials
$23.20 /

-0.72 (-3.01%)

01/13/22 Barclays
Summit Materials price target raised to $40 from $35 at Barclays
10/27/21 Wolfe Research
Summit Materials initiated with an Outperform at Wolfe Research
10/26/21 Citi
Summit Materials price target raised to $41 from $40 at Citi
10/18/21
Fly Intel: Top five analyst downgrades
SUM Summit Materials
$23.20 /

-0.72 (-3.01%)

Conference/Events
Summit Materials management to meet virtually with Oppenheimer » 04:55
06/09/22
06/09
04:55
06/09/22
04:55
SUM

Summit Materials

$27.13 /

-1.15 (-4.07%)

Virtual Meeting to be…

Virtual Meeting to be held on June 9 hosted by Oppenheimer.

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SUM Summit Materials
$27.13 /

-1.15 (-4.07%)

SUM Summit Materials
$27.13 /

-1.15 (-4.07%)

01/13/22 Barclays
Summit Materials price target raised to $40 from $35 at Barclays
10/27/21 Wolfe Research
Summit Materials initiated with an Outperform at Wolfe Research
10/26/21 Citi
Summit Materials price target raised to $41 from $40 at Citi
10/18/21
Fly Intel: Top five analyst downgrades
SUM Summit Materials
$27.13 /

-1.15 (-4.07%)

Over a month ago
Conference/Events
Summit Materials management to meet virtually with Oppenheimer » 16:24
06/01/22
06/01
16:24
06/01/22
16:24
SUM

Summit Materials

$27.29 /

-0.035 (-0.13%)

Virtual Meeting to be…

Virtual Meeting to be held on June 9 hosted by Oppenheimer.

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SUM Summit Materials
$27.29 /

-0.035 (-0.13%)

SUM Summit Materials
$27.29 /

-0.035 (-0.13%)

01/13/22 Barclays
Summit Materials price target raised to $40 from $35 at Barclays
10/27/21 Wolfe Research
Summit Materials initiated with an Outperform at Wolfe Research
10/26/21 Citi
Summit Materials price target raised to $41 from $40 at Citi
10/18/21
Fly Intel: Top five analyst downgrades
SUM Summit Materials
$27.29 /

-0.035 (-0.13%)

Conference/Events
Summit Materials management to meet with Stephens » 11:55
05/25/22
05/25
11:55
05/25/22
11:55
SUM

Summit Materials

$26.32 /

+0.61 (+2.37%)

Building Materials…

Building Materials Analyst Grooms holds a meeting with President & CEO Noonan and CFO & EVP Harris in New York on May 25 at 12:30 pm hosted by Stephens.

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SUM Summit Materials
$26.32 /

+0.61 (+2.37%)

SUM Summit Materials
$26.32 /

+0.61 (+2.37%)

01/13/22 Barclays
Summit Materials price target raised to $40 from $35 at Barclays
10/27/21 Wolfe Research
Summit Materials initiated with an Outperform at Wolfe Research
10/26/21 Citi
Summit Materials price target raised to $41 from $40 at Citi
10/18/21
Fly Intel: Top five analyst downgrades
SUM Summit Materials
$26.32 /

+0.61 (+2.37%)

Conference/Events
Summit Materials management to meet with Stephens » 04:55
05/25/22
05/25
04:55
05/25/22
04:55
SUM

Summit Materials

$25.74 /

-0.525 (-2.00%)

Building Materials…

Building Materials Analyst Grooms holds a meeting with President & CEO Noonan and CFO & EVP Harris in New York on May 25 at 12:30 pm hosted by Stephens.

ShowHide Related Items >><<
SUM Summit Materials
$25.74 /

-0.525 (-2.00%)

SUM Summit Materials
$25.74 /

-0.525 (-2.00%)

01/13/22 Barclays
Summit Materials price target raised to $40 from $35 at Barclays
10/27/21 Wolfe Research
Summit Materials initiated with an Outperform at Wolfe Research
10/26/21 Citi
Summit Materials price target raised to $41 from $40 at Citi
10/18/21
Fly Intel: Top five analyst downgrades
SUM Summit Materials
$25.74 /

-0.525 (-2.00%)

Conference/Events
Summit Materials to hold virtual investor day » 08:25
05/24/22
05/24
08:25
05/24/22
08:25
SUM

Summit Materials

$26.26 /

+0.485 (+1.88%)

Virtual Investor Day to…

Virtual Investor Day to be held on May 24 at 9 am. Webcast Link

ShowHide Related Items >><<
SUM Summit Materials
$26.26 /

+0.485 (+1.88%)

SUM Summit Materials
$26.26 /

+0.485 (+1.88%)

01/13/22 Barclays
Summit Materials price target raised to $40 from $35 at Barclays
10/27/21 Wolfe Research
Summit Materials initiated with an Outperform at Wolfe Research
10/26/21 Citi
Summit Materials price target raised to $41 from $40 at Citi
10/18/21
Fly Intel: Top five analyst downgrades
SUM Summit Materials
$26.26 /

+0.485 (+1.88%)

Conference/Events
Summit Materials to hold virtual investor day » 04:55
05/24/22
05/24
04:55
05/24/22
04:55
SUM

Summit Materials

$26.26 /

+0.485 (+1.88%)

Virtual Investor Day to…

Virtual Investor Day to be held on May 24 at 9 am. Webcast Link

ShowHide Related Items >><<
SUM Summit Materials
$26.26 /

+0.485 (+1.88%)

SUM Summit Materials
$26.26 /

+0.485 (+1.88%)

01/13/22 Barclays
Summit Materials price target raised to $40 from $35 at Barclays
10/27/21 Wolfe Research
Summit Materials initiated with an Outperform at Wolfe Research
10/26/21 Citi
Summit Materials price target raised to $41 from $40 at Citi
10/18/21
Fly Intel: Top five analyst downgrades
SUM Summit Materials
$26.26 /

+0.485 (+1.88%)

Conference/Events
Summit Materials to hold virtual investor day » 17:33
05/20/22
05/20
17:33
05/20/22
17:33
SUM

Summit Materials

$25.78 /

-0.87 (-3.27%)

Virtual Investor Day to…

Virtual Investor Day to be held on May 24 at 9 am. Webcast Link

ShowHide Related Items >><<
SUM Summit Materials
$25.78 /

-0.87 (-3.27%)

SUM Summit Materials
$25.78 /

-0.87 (-3.27%)

01/13/22 Barclays
Summit Materials price target raised to $40 from $35 at Barclays
10/27/21 Wolfe Research
Summit Materials initiated with an Outperform at Wolfe Research
10/26/21 Citi
Summit Materials price target raised to $41 from $40 at Citi
10/18/21
Fly Intel: Top five analyst downgrades
SUM Summit Materials
$25.78 /

-0.87 (-3.27%)

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