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 -1.0% on 4/8/24. The stock closed at $42.70. However, trading volume in this decline was exceptionally low at 35% of normal. The stock has been strong relative to the market over the last nine months but has declined -4.2% during the last week.
Current PriceTarget Research Rating
SUM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Summit Materials has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Summit Materials has a neutral Appreciation Score of 51 but a good Power Rating of 73, with the High Neutral Value Trend Rating the result.
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