Summit Materials Gets a Buy Rating from RBC Capital
In a report issued on June 27, Michael Eisen from RBC Capital reiterated a Buy rating on Summit Materials (NYSE: SUM), with a price target of $35. The company’s shares closed on Friday at $26.25.
According to TipRanks.com, Eisen is a 1-star analyst with an average return of -3.5% and a 29.0% success rate. Eisen covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Masonite International, and BMC Stock Holdings.
Summit Materials has an analyst consensus of Moderate Buy, with a price target consensus of $36, representing a 37.1% upside. In a report issued on June 12, Jefferies also maintained a Buy rating on the stock with a $37 price target.
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The company has a one-year high of $34.06 and a one-year low of $24.49. Currently, Summit Materials has an average volume of 1.37M.
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Summit Materials, Inc. is a construction materials company. The company operates its business through the following segments: Cement, West and East. The Cement consists of its Hannibal, Missouri and Davenport, Iowa cement plants and distribution terminals along the Mississippi river from Minnesota to Louisiana.