Summit Materials' (SUM) Buy Rating Reaffirmed at Royal Bank Of Canada

Marco Green
November 5, 2017

The rating was downgraded by Goldman Sachs to "Neutral" on Friday, November 20. The stock has "Neutral" rating by Bank of America on Tuesday, October 31. The company was initiated on Tuesday, August 18 by Citigroup. The company was downgraded on Friday, October 9 by Longbow. The shares have accelerated in recent weeks, with their price up about 10.23% in the past three months. RBC Capital Markets has "Buy" rating and $3300 target. Stifel Nicolaus maintained it with "Buy" rating and $120.0 target in Thursday, October 12 report. Princeton Capital Management Inc. boosted its stake in Summit Materials by 5.9% during the 3rd quarter. Therefore 33% are positive. The stock stands almost -6.51% off versus the 52-week high and 29.42% away from the 52-week low. The United Capital Financial Advisers Llc holds 32,005 shares with $1.05 million value, up from 22,479 last quarter. BidaskClub upgraded shares of Summit Materials from a strong sell rating to a sell rating in a report on Thursday, August 10th. The stock of Diplomat Pharmacy Inc (NYSE:DPLO) earned "Outperform" rating by Leerink Swann on Tuesday, August 4. Citigroup upgraded it to "Buy" rating and $11000 target in Monday, July 31 report. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The ex-dividend date of this dividend is Wednesday, October 5th. Standpoint Research downgraded the stock to "Hold" rating in Wednesday, November 9 report. Maxim Group maintained Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) on Friday, August 4 with "Hold" rating.

NYSE:EXP) was down -1.5% (-$1.58) to $103.76 and showed a volume of 0.55 mln shares.

About 243,283 shares traded. It has outperformed by 19.50% the S&P500.

Since May 8, 2017, it had 0 insider buys, and 1 insider sale for $1.01 million activity. (NYSE:EXP) on Thursday, September 28 to "Hold" rating. Shares for $1.09 million were sold by Powers David B on Monday, May 8. The analyst recommendations from a month ago are 0 Buy, 4 Strong Buy, 0 Sell, 0 Hold and 1.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of Eagle Materials by 2.3% in the 2nd quarter. Greenwood Associate Lc holds 2,456 shares or 0.06% of its portfolio. (NYSE:EXP) to Overweight in a statement released on 5/30/2017. Nationwide Fund Advsr holds 197,578 shares. (NYSE:EXP). Scopus Asset Lp has 0.03% invested in Eagle Materials, Inc. (NYSE:EXP). Hsbc Hldgs Plc has invested 0% in Eagle Materials, Inc. (NYSE:EXP) on Monday, May 8. Tygh Capital Management Inc. now owns 303,173 shares of the construction company's stock valued at $9,711,000 after acquiring an additional 64,958 shares during the last quarter. (NYSE:EXP). Great West Life Assurance Can holds 0.01% or 29,246 shares in its portfolio. Optimum Invest stated it has 0.28% in Eagle Materials, Inc. 35 were accumulated by Assetmark. (NYSE:EXP). Glenmede Tru Com Na has invested 0% in Eagle Materials, Inc. Eagle Materials had a net margin of 13.85% and a return on equity of 17.68%. The company has a market capitalization of $3,320.83, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 2.83 and a beta of 2.04. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. It has a 115.76 P/E ratio.

Eagle Materials a supplier of construction products, building materials and materials used for oil and natural gas extraction. Their EPS should be compared to other companies in the Industrial Goods sector. The Firm is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The construction company reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.10). The Company, through its subsidiaries, owns and operates Dover International Speedway in Dover, Delaware, and Nashville Superspeedway near Nashville, Tennessee. The company had a trading volume of 1,014,486 shares, compared to its average volume of 1,457,725. Quanta Services Inc (NYSE:PWR) has risen 39.30% since November 4, 2016 and is uptrending. It has underperformed by 58.40% the S&P500. (NYSE:EXP) rating on Thursday, July 13. The company had revenue of $634.18 million for the quarter, compared to analyst estimates of $558.93 million.

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