Stock Rating Downgrade
The Value Trend Rating for Summit Materials Inc (NYSE: SUM) weakened of late from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Summit Materials Inc (NYSE: SUM) stock closed at $42.28 on 10/18/24 after an increase of 1.3%. Moreover, trading volume in this advance was above average at 139% of normal. The stock has performed in line with the market over the last nine months and has risen 11.9% 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 D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Summit Materials has a neutral Appreciation Score of 55 and a slightly negative Power Rating of 31, producing the Negative Value Trend Rating.
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