Analyst Commentary On Summit Materials, Inc. (SUM), NextEra Energy Partners, LP (NEP)

Summit Materials, Inc. (NYSE:SUM) is gaining traction with investors, as evidenced by its 1.16 million shares volume. The daily trading volume average remained 1.24 million shares over the course of 3 months. The stock had opened the regular trading at $30.68 and managed a 4.17% price change to reach $31.46 through the close.

Summit Materials, Inc. (SUM) Analyst Opinion

Summit Materials, Inc. has a consensus outperform rating from 13 Wall Street analysts, and the number of shares currently sold short amount to at least 7.19% of shares outstanding. The stock spiked 2.61% last month and is up 32.24 this year. Wall Street is only getting more bullish on the stock, with 11 of analysts who cover SUM having a buy-equivalent rating. Analysts have placed a $35.83 price target on Summit Materials, Inc., suggesting a 13.89% gain from recent close. It’s currently trading about -3.76% below its 52-week high.

Summit Materials, Inc. Earnings Surprise

Summit Materials, Inc. (SUM) failed to surprise the stock market in its last reported earnings when it earned $0.73 a piece versus the consensus-estimated $0.83. Its revenue totaled $568.8 million up 18.9% from the previous quarter.

Summit Materials, Inc. (NYSE:SUM) Intraday View

This stock (SUM) is ahead of its 52-week low with 41.78%. Its last month’s stock price volatility remained 3.4% which for the week stands at 2.3%. The share price has moved forward from its 20 days moving average, trading at a distance of 4.84% and stays 1.51% away from its 50 days moving average. Over the last five days, shares have managed 7.85% gains and now is up 12.15% since hitting its 200-day moving average of $29.44. Summit Materials, Inc. (SUM) has made its way to a 12-month gain of 36.88%.

Turning to NextEra Energy Partners, LP (NYSE:NEP), its shares were trading at $36.97 a retreat of $-2, on the trading floor. The stock, after opening at $39.06, touched a high of $39.06 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.2. NextEra Energy Partners, LP has 5 buy ratings, 5 holds and 0 sells even after the stock tumbled -15.98% from its high of $44 to a $2.01 billion market value through last close.

NextEra Energy Partners, LP (NEP) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.15 to 2.15 during a month. Analysts set a 12-month price target of $42.17 a share. The target implies a 14.07% spike from where the shares are currently trading. Also, the current price highlights a discount of 32.54% to analysts’ high consensus price target.

NextEra Energy Partners, LP (NYSE:NEP) Intraday Trading

The counter witnessed a trading volume of 0.5 million shares versus an average volume of 0.26 million shares during last trading session. Its last month’s stock price volatility remained 2.98% which for the week approaches 2.75%. The lowest price the stock reached in the last trading day was $36.97 and compares with the $23.90 52-week low. The stock recovered 54.69% since its low point and has performed 44.75% year-to-date.

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