Analyst Price Target is $34.56
▲ +3.37% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Summit Materials in the last 3 months. The average price target is $34.56, with a high forecast of $42.00 and a low forecast of $16.00. The average price target represents a 3.37% upside from the last price of $33.43.
Current Consensus is
The current consensus among 9 polled investment analysts is to hold stock in Summit Materials. This rating has held steady since July 2021, when it changed from a Buy consensus rating.
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.