RBC Capital Reiterates Summit Materials (SUM) As Buy; Has PT Of $36.0; Braun Stacey Associates Lifted Constellation Brands (STZ) Position By $1.27 Million

November 15, 2017 - By Migdalia James

Among 12 analysts covering Summit Materials (NYSE:SUM), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Summit Materials has $38.0 highest and $20 lowest target. $30.70’s average target is 2.68% above currents $29.9 stock price. Summit Materials had 30 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 3. The company was maintained on Tuesday, October 10 by RBC Capital Markets. Goldman Sachs upgraded the shares of SUM in report on Friday, October 2 to “Buy” rating. The stock of Summit Materials Inc (NYSE:SUM) has “Neutral” rating given on Tuesday, October 31 by Bank of America. Suntrust Robinson initiated the stock with “Buy” rating in Friday, January 20 report. Stifel Nicolaus maintained the shares of SUM in report on Wednesday, September 6 with “Buy” rating. DA Davidson upgraded Summit Materials Inc (NYSE:SUM) rating on Monday, August 17. DA Davidson has “Buy” rating and $32 target. Stifel Nicolaus maintained Summit Materials Inc (NYSE:SUM) on Wednesday, August 2 with “Buy” rating. As per Wednesday, September 6, the company rating was maintained by RBC Capital Markets. Citigroup maintained the shares of SUM in report on Thursday, August 4 with “Buy” rating.

Braun Stacey Associates Inc increased Constellation Brands Inc (STZ) stake by 7.48% reported in 2017Q2 SEC filing. Braun Stacey Associates Inc acquired 6,556 shares as Constellation Brands Inc (STZ)’s stock rose 13.40%. The Braun Stacey Associates Inc holds 94,255 shares with $18.26M value, up from 87,699 last quarter. Constellation Brands Inc now has $42.73 billion valuation. It closed at $218.09 lastly. It is down 17.20% since November 15, 2016 and is uptrending. It has outperformed by 0.50% the S&P500.

Investors sentiment increased to 1.16 in 2017 Q2. Its up 0.34, from 0.82 in 2017Q1. It is positive, as 42 investors sold STZ shares while 242 reduced holdings. 108 funds opened positions while 221 raised stakes. 143.15 million shares or 0.40% less from 143.73 million shares in 2017Q1 were reported. Savings Bank Of America De has 841,762 shares. Bessemer, New Jersey-based fund reported 94 shares. Boston Partners accumulated 10,000 shares. Ny State Teachers Retirement Systems holds 309,584 shares or 0.15% of its portfolio. Green Square Ltd Com invested in 0.11% or 3,184 shares. Cornerstone Advsr holds 0.01% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 93 shares. The Montana-based Da Davidson And has invested 0.02% in Constellation Brands, Inc. (NYSE:STZ). Twin Tree Mgmt Lp reported 26,589 shares. Ifc Hldg Fl accumulated 4,101 shares or 0.06% of the stock. Alexandria Limited Liability accumulated 50 shares or 0% of the stock. Cobblestone Advisors Lc owns 4,487 shares. Karpus Mgmt Inc has invested 0.04% in Constellation Brands, Inc. (NYSE:STZ). Davis R M invested in 28,730 shares or 0.24% of the stock. Voya Investment Lc invested 0.03% in Constellation Brands, Inc. (NYSE:STZ). Manufacturers Life Insurance The holds 1.19 million shares or 0.28% of its portfolio.

Braun Stacey Associates Inc decreased Goldman Sachs Group Inc Com (NYSE:GS) stake by 5,555 shares to 75,719 valued at $16.80 million in 2017Q2. It also reduced Chevron Corp (NYSE:CVX) stake by 3,723 shares and now owns 165,068 shares. Burlington Stores Inc Com (NYSE:BURL) was reduced too.

Among 21 analysts covering Constellation Brands (NYSE:STZ), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Constellation Brands had 68 analyst reports since August 27, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 6. The company was maintained on Friday, October 2 by Argus Research. As per Friday, October 6, the company rating was maintained by Morgan Stanley. As per Monday, January 11, the company rating was maintained by Argus Research. The firm earned “Neutral” rating on Tuesday, December 15 by UBS. As per Friday, June 30, the company rating was maintained by Goldman Sachs. Stifel Nicolaus maintained the shares of STZ in report on Friday, June 30 with “Buy” rating. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Hold” rating by Credit Suisse on Thursday, June 29. As per Thursday, April 7, the company rating was maintained by Barclays Capital. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Neutral” rating by UBS on Friday, April 7.

Analysts await Summit Materials Inc (NYSE:SUM) to report earnings on February, 28. They expect $0.30 earnings per share, up 42.86% or $0.09 from last year’s $0.21 per share. SUM’s profit will be $32.51 million for 24.92 P/E if the $0.30 EPS becomes a reality. After $0.73 actual earnings per share reported by Summit Materials Inc for the previous quarter, Wall Street now forecasts -58.90% negative EPS growth.

It closed at $29.9 lastly. It is down 29.53% since November 15, 2016 and is uptrending. It has outperformed by 12.83% the S&P500.

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By1 Migdalia James




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