Cracking The Code: Understanding Analyst Reviews For Summit Materials
Portfolio Pulse from Benzinga Insights
Summit Materials (NYSE:SUM) received mixed analyst ratings in the last quarter, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target was adjusted to $41.5 from $43.00, indicating a 3.49% decrease. The company's financial performance shows strong profitability with a notable net margin of 28.94% and ROE of 10.57%, despite a high debt-to-equity ratio of 0.67. Revenue growth was 5.59% for the last quarter, slightly lagging behind industry peers.
February 13, 2024 | 9:00 pm
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Summit Materials received mixed reviews from analysts, with a recent decrease in the average 12-month price target. The company shows strong profitability metrics but carries a high debt-to-equity ratio.
The mixed analyst ratings and slight decrease in the price target may lead to short-term uncertainty among investors. However, the company's strong profitability indicators, such as a high net margin and ROE, could counterbalance concerns over its high debt levels, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100