Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Summit Materials Inc (NYSE: SUM) improved during the last several trading days. SUM’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/20/24, Summit Materials Inc (NYSE: SUM) stock rose modestly by 0.9%, closing at $40.40. However, this advance was accompanied by below average trading volume at 67% of normal. Relative to the market the stock has been strong over the last nine months but has declined -0.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SUM is expected to continue to be a Value Builder.
Summit Materials has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Summit Materials has a neutral Appreciation Score of 56 and a slightly positive Power Rating of 69, leading to the Positive Value Trend Rating.
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