Stock Rating Upgrade
The Value Trend Rating for Summit Materials Inc (NYSE: SUM) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Summit Materials Inc (NYSE: SUM) stock declined slightly by -0.3% on 11/29/24. The stock closed at $50.94. However, unusually low trading volume at 65% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and has risen 5.2% during the last week.
Current PriceTarget Research Rating
Summit Materials has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Summit Materials has a neutral Appreciation Score of 49 and a neutral Power Rating of 48, resulting in the Low Neutral Value Trend Rating.
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