Analysts Assign Moderate Buy Rating to Summit Materials,

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Recently, analysts have given Summit Materials ($NYSE:SUM), Inc. an average rating of “Moderate Buy”, indicating that the company is in a good financial position and worthy of consideration for long-term investment. Summit Materials, Inc. is a leading construction materials supplier based in the United States. The company produces and sells cement, ready mixed concrete, asphalt, and aggregates for residential, commercial, and infrastructure applications. The company has a proven track record of solid financial performance, evidenced by annual revenue figures that have consistently grown over the past several years. This growth is attributed to a commitment to technological innovation, equity investments in domestic and international operations, and strategic acquisitions of other companies to expand into new markets.

As a result, Summit Materials is well-positioned to capitalize on growth opportunities in the construction industry going forward. Overall, analysts have noted that Summit Materials has a strong competitive advantage due to its diversified portfolio of products and services, and its experienced management team. Furthermore, the company’s financial position is considered to be strong enough to withstand short-term market volatility. With all these factors taken into account, analysts have assigned a “Moderate Buy” rating to the company’s stock.

Share Price

On Tuesday, analysts assigned a moderate buy rating to Summit Materials, Inc. (SUMMIT MATERIALS), with its stock opening at $38.1 and closing at $38.3, down by 0.5% from its last closing price of 38.5. This suggests that there is moderate investor confidence in the company’s performance and future prospects. Despite the slight decline in the stock price, the moderate buy rating indicates that analysts remain optimistic about the company’s performance over the medium-term. The rating is supported by Summit Materials’ strong financial performance over the past few quarters, with the company posting robust revenue and earnings growth.

Furthermore, the company has focused on strengthening its balance sheet, improving cash flow, and investing in strategic initiatives. This has allowed Summit Materials to remain competitive in its industry and position itself for long-term growth. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Summit Materials. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Summit Materials. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Summit Materials. More…

Key Ratios Snapshot

Some of the financial key ratios for Summit Materials are shown below. More…

Analysis

At GoodWhale, we take a detailed look at the fundamentals of companies to ensure that we are investing in worthwhile stocks. After careful consideration, we believe that SUMMIT MATERIALS is a company that is worth investing in. According to our Star Chart, we have classified SUMMIT MATERIALS as a ‘Rhino’, indicating that it has achieved moderate revenue or earnings growth. We have also determined that SUMMIT MATERIALS is strong in asset, with medium scores in growth and profitability, and weak in dividend. In terms of health score, SUMMIT MATERIALS scored 8/10, indicating that it is capable of paying off debt and funding future operations. We believe that this could be an attractive prospect for investors who are looking for steady returns with low risk. Additionally, SUMMIT MATERIALS also has a strong track record of delivering consistent growth, which may also be attractive to investors who are looking for a long-term investment. More…

Peers

In the construction materials industry, there is intense competition between Summit Materials Inc and its main competitors JK Lakshmi Cement Ltd, Prism Johnson Ltd, and Shree Cement Ltd. All four companies are striving to gain market share and improve their financial performance.

– JK Lakshmi Cement Ltd ($BSE:500380)

JK Lakshmi Cement Ltd is an Indian cement company. The company has a market cap of 62.76B as of 2022 and a return on equity of 18.75%. JK Lakshmi Cement is a part of the JK Organisation, which is one of the largest business groups in India. The company manufactures and markets cement and other construction materials. It has a network of over 6,000 dealers and distributors across India. The company has 11 manufacturing plants in India and a market share of about 4%.

– Prism Johnson Ltd ($BSE:500338)

Prism Johnson Ltd is one of the largest diversified business groups in India with a market cap of 61.99B as of 2022. The company has a Return on Equity of 11.43%. The company has a diversified business portfolio with interests in cement, textile, paper, and chemicals. The company has a strong presence in the Indian market and is one of the leading players in the cement and textile industries.

– Shree Cement Ltd ($BSE:500387)

Shree Cement Ltd. is an Indian cement manufacturing company established in Beawar, Ajmer district, Rajasthan in the year 1979. The company has a market cap of 755.51B as of 2022 and a Return on Equity of 7.65%. The company produces Ordinary Portland Cement, Portland Pozzolana Cement, and Portland Slag Cement. It also provides ready mix concrete and other value-added products and services. The company has a presence in India, the United Arab Emirates, Bahrain, Bangladesh, and Sri Lanka.

Summary

Analysts have recently given Summit Materials, Inc. an average rating of “Moderate Buy.” This rating suggests that investors may find the stock to be an attractive opportunity, with the potential for moderate capital appreciation in the future. However, the investment carries with it an element of risk that investors should be aware of before jumping in. The company should be monitored closely before committing funds in order to ensure that any potential gains are realized.