News stories about Summit Materials (NYSE:SUM) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Summit Materials earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 47.7070042898143 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of research analysts have recently weighed in on SUM shares. ValuEngine raised Summit Materials from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Citigroup lifted their price objective on Summit Materials from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Barclays started coverage on Summit Materials in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $32.00 price objective on the stock. Goldman Sachs Group raised Summit Materials from a “neutral” rating to a “buy” rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada set a $37.00 price objective on Summit Materials and gave the company a “buy” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $33.28.
Summit Materials (SUM) opened at $30.97 on Thursday. The company has a quick ratio of 2.40, a current ratio of 3.13 and a debt-to-equity ratio of 1.42. Summit Materials has a twelve month low of $22.19 and a twelve month high of $34.06. The company has a market capitalization of $3,521.75, a P/E ratio of 29.48, a P/E/G ratio of 2.05 and a beta of 1.72.
In related news, Director John Raymond Murphy sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $32.62, for a total value of $163,100.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas W. Hill sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $31.87, for a total value of $398,375.00. Following the completion of the transaction, the chief executive officer now directly owns 148,102 shares in the company, valued at $4,720,010.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 153,924 shares of company stock worth $4,862,288. 1.97% of the stock is owned by insiders.
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Summit Materials Company Profile
Summit Materials, Inc is a construction materials company. The Company operates through three segments: West, East and Cement. As of December 31, 2016, the Company had operations in 21 states in the United States and in British Columbia, Canada. The Company’s materials include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies along the Mississippi River from Minneapolis to New Orleans.
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