Summit Materials (NYSE:SUM) Receiving Somewhat Favorable News Coverage, Analysis Shows

News coverage about Summit Materials (NYSE:SUM) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing 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 nearest to one being the most favorable. Summit Materials earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 46.1560953442385 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

Several research firms recently weighed in on SUM. Zacks Investment Research lowered Summit Materials from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. SunTrust Banks set a $38.00 target price on Summit Materials and gave the stock a “buy” rating in a report on Tuesday, October 24th. Bank of America boosted their target price on Summit Materials from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Royal Bank of Canada restated a “buy” rating on shares of Summit Materials in a report on Thursday, November 2nd. Finally, Canaccord Genuity restated a “buy” rating and issued a $12.50 target price on shares of Summit Materials in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Summit Materials currently has a consensus rating of “Buy” and an average target price of $31.50.

Shares of Summit Materials (NYSE:SUM) traded down $0.47 during mid-day trading on Tuesday, hitting $31.38. The stock had a trading volume of 594,633 shares, compared to its average volume of 1,069,820. Summit Materials has a one year low of $22.19 and a one year high of $32.69. The firm has a market capitalization of $3,600.00 and a price-to-earnings ratio of 46.15. The company has a current ratio of 2.59, a quick ratio of 2.01 and a debt-to-equity ratio of 1.48.

Summit Materials (NYSE:SUM) last issued its quarterly earnings results on Monday, October 30th. The construction company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.10). Summit Materials had a return on equity of 9.83% and a net margin of 4.09%. The business had revenue of $634.18 million for the quarter, compared to analyst estimates of $558.93 million. During the same quarter last year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. equities analysts expect that Summit Materials will post 0.98 EPS for the current fiscal year.

In other news, insider Thomas W. Hill sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $32.12, for a total transaction of $401,500.00. Following the sale, the insider now directly owns 139,310 shares in the company, valued at $4,474,637.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Damian John Murphy sold 115,118 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $31.75, for a total value of $3,654,996.50. Following the completion of the sale, the executive vice president now owns 66,440 shares in the company, valued at $2,109,470. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 216,442 shares of company stock worth $6,786,892. 1.97% of the stock is currently owned by company 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.

Insider Buying and Selling by Quarter for Summit Materials (NYSE:SUM)

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