Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Summit Materials Inc (NYSE: SUM) weakened in recent days. SUM’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Summit Materials Inc (NYSE: SUM) stock declined slightly by -0.5% on 12/15/23. The stock closed at $38.34. Moreover, trading volume in this decline was above average at 146% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.7% during the last week.
Current PriceTarget Research Rating
SUM is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Summit Materials has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Summit Materials has a slightly negative Appreciation Score of 40 but a good Power Rating of 84, with the High Neutral Value Trend Rating the result.
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