RBC Capital analyst Michael Dahl maintained a Buy rating on Summit Materials (NYSE:SUM) on Friday, setting a price target of $28, which is approximately 15.61% above the present share price of $24.22.
Dahl expects Summit Materials to post earnings per share (EPS) of $0.79 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Summit Materials, with an average price target of $23.17.
The analysts price targets range from a high of $28 to a low of $16.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $709.62 million and a net profit of $100.62 million. The company's market cap is $2.76 billion.
According to TipRanks.com, RBC Capital analyst Michael Dahl is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.9% and a 54.27% success rate.
Summit Materials, Inc. is a construction materials company. It manufactures construction materials and related downstream products. The company operates its business through the following segments: Cement, West and East. The Cement consists of its Hannibal, Missouri and Davenport, Iowa cement plants and distribution terminals along the Mississippi river from Minnesota to Louisiana. The West segment includes operations in Texas, Utah, Colorado, Idaho, Wyoming and Nevada and in British Columbia, Canada. The East segments serves markets extending across the Midwestern and Eastern United States, most notably in Kansas, Missouri, Virginia, Kentucky, North Carolina, South Carolina and Nebraska where the company supplies aggregates, ready mix concrete, asphalt paving mix and paving and related services. The company was founded by Thomas W. Hill on September 23, 2014 and is headquartered in Denver, CO.