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Zacks Investment Research downgraded Summit Materials Inc (NYSE:SUM) to Hold in a report released today.

Yesterday Summit Materials Inc (NYSE:SUM) traded 2.87% higher at $18.82. The company’s 50-day moving average is $19.13 and its 200-day moving average is $20.39. The last closing price is down -5.07% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 963,642 shares of the stock were exchanged, down from an average trading volume of 1,258,410

Zacks Investment Research has downgraded Summit Materials Inc (NYSE:SUM) to Hold in a report released on 10/07/2016.

Previously on 10/6/2016, Zacks Investment Research reported on Summit Materials Inc (NYSE:SUM) raised the target price from $0.00 to $21.00. At the time, this indicated a possible upside of 0.12%.

Performance Chart

Summit Materials Inc (NYSE:SUM)

With a total market value of $0, Summit Materials Inc has price-earnings ratio of 58.14 with a one year low of $13.12 and a one year high of $24.97 .

A total of 11 equity analysts have released a ratings update on SUM. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $23.78.

Brief Synopsis About Summit Materials Inc (NYSE:SUM)

Summit Materials, Inc. is a construction materials company. The Company operates through three segments: the west segment, which includes operations in Texas, the Mountain states of Utah, Colorado, Idaho and Wyoming, and in British Columbia, Canada; east segment, which serves markets across the Midwestern and Eastern United States, and Cement segment, which consists of its Hannibal, Missouri and Davenport, Iowa cement plants and approximately eight distribution terminals along the Mississippi River from Minnesota to Louisiana. It supplies aggregates, ready-mixed concrete, asphalt paving mix and paving and related services in the West segment, and aggregates, ready-mixed concrete, asphalt paving mix and paving and related services in east segment. The Company has operations in approximately 20 states in the United States and in British Columbia, Canada. The Company serves markets, including residential construction, nonresidential construction and public infrastructure construction.

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