Summit Materials, Inc. (SUM) Reaches $24.08 52-Week High; Analog Devices, Inc. (ADI) Had 6 Bulls

Analog Devices, Inc. (NASDAQ:ADI) Logo

The stock of Summit Materials, Inc. (NYSE:SUM) hit a new 52-week high and has $25.77 target or 7.00% above today’s $24.08 share price. The 7 months bullish chart indicates low risk for the $2.70 billion company. The 1-year high was reported on Dec, 4 by Barchart.com. If the $25.77 price target is reached, the company will be worth $189.28 million more. The stock decreased 0.12% or $0.03 during the last trading session, reaching $24.08. About 5.51 million shares traded or 391.35% up from the average. Summit Materials, Inc. (NYSE:SUM) has declined 25.85% since December 4, 2018 and is downtrending. It has underperformed by 25.85% the S&P500. Some Historical SUM News: 08/05/2018 – Summit Materials 1Q Loss/Shr 49c; 08/05/2018 – SUMMIT MATERIALS 1Q NET REV. $289.9M, EST. $299.7M; 06/03/2018 Summit Materials at Company Marketing Hosted By Stephens Inc; 22/03/2018 – lnsteel Industries Announces Addition of Abney S. Boxley, lll to its Board of Directors; 23/03/2018 – S&PGR Upgrades Summit Materials LLC To ‘BB’, Outlook Stable; 23/03/2018 – S&P REVISES SUMMIT MATERIALS LLC TO RATING ‘BB’ FROM ‘BB-‘; 20/04/2018 – DJ Summit Materials Inc Class A, Inst Holders, 1Q 2018 (SUM); 08/05/2018 – Summit Materials 1Q Loss $55.9M; 08/05/2018 – SUMMIT MATERIALS BOOSTS ADJ EBITDA GUIDANCE FOR 2018; 08/05/2018 – Summit Materials 1Q Rev $289.9M

Among 9 analysts covering Analog Devices (NASDAQ:ADI), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Analog Devices has $13500 highest and $10000 lowest target. $119.50’s average target is 4.47% above currents $114.39 stock price. Analog Devices had 12 analyst reports since June 10, 2019 according to SRatingsIntel. The company was maintained on Thursday, August 22 by Morgan Stanley. The rating was upgraded by Raymond James on Wednesday, October 30 to “Outperform”. Morgan Stanley maintained Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, November 27 with “Equal-Weight” rating. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, November 27 report. Raymond James maintained the stock with “Outperform” rating in Wednesday, November 27 report. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, November 27 report. The stock has “Neutral” rating by Nomura on Wednesday, November 27. The firm earned “Overweight” rating on Tuesday, October 1 by KeyBanc Capital Markets. The company was maintained on Wednesday, November 27 by BMO Capital Markets. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Overweight” rating by Barclays Capital on Thursday, September 12. See Analog Devices, Inc. (NASDAQ:ADI) latest ratings:

27/11/2019 Broker: Nomura Rating: Neutral Old Target: $90.0000 New Target: $100.0000 Maintain
27/11/2019 Broker: Raymond James Rating: Outperform Old Target: $120.0000 New Target: $130.0000 Maintain
27/11/2019 Broker: BMO Capital Markets Rating: Outperform Old Target: $122.0000 New Target: $135.0000 Maintain
27/11/2019 Broker: Credit Suisse Rating: Outperform Old Target: $120.0000 New Target: $130.0000 Maintain
27/11/2019 Broker: Deutsche Bank Rating: Hold Old Target: $105.0000 New Target: $110.0000 Maintain
27/11/2019 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $100.0000 New Target: $108.0000 Maintain
30/10/2019 Broker: Raymond James Old Rating: Market Perform New Rating: Outperform New Target: $120.0000 Upgrade
22/10/2019 Broker: Daiwa Securities Rating: Outperform New Target: $121.0000 Initiates Coverage On
01/10/2019 Broker: KeyBanc Capital Markets Old Rating: Sector Weight New Rating: Overweight New Target: $130.0000 Upgrade
12/09/2019 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Overweight Old Target: $105.0000 New Target: $130.0000 Upgrade

Analog Devices, Inc. designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits , algorithms, software, and subsystems. The company has market cap of $42.13 billion. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure. It has a 31.34 P/E ratio. The firm also provides MEMS technology solutions, including accelerometers used to sense acceleration, gyroscopes to sense rotation, and inertial measurement units to sense multiple degrees of freedom.

The stock increased 3.76% or $4.14 during the last trading session, reaching $114.39. About 2.84M shares traded or 34.40% up from the average. Analog Devices, Inc. (NASDAQ:ADI) has risen 23.24% since December 4, 2018 and is uptrending. It has outperformed by 23.24% the S&P500. Some Historical ADI News: 30/05/2018 – Analog Devices Sees 3Q Rev $1.47B-$1.55B; 08/03/2018 – MOODY’S ASSIGNS Baa1 RATING TO ANALOG DEVICES’ PROPOSED SR; 08/03/2018 – Argonas Corporate Finance Advises Siemens and Other Shareholders on the Sale of Symeo GmbH, a Company specialized in Innovative; 09/03/2018 – ANALOG DEVICES INC – TO USE NET PROCEEDS OF OFFERING TO REPAY A PORTION OF AMOUNT OUTSTANDING UNDER ITS FIVE-YEAR TERM LOAN; 30/05/2018 – ANALOG DEVICES INC- CEO VINCENT ROCHE SAYS ZTE WAS A SMALL AMOUNT OF HEADWIND IN THE SECOND QUARTER – CONF CALL; 08/03/2018 – ARGONAS CORPORATE FINANCE ADVISES SIEMENS AND OTHER SHAREHOLDERS ON THE SALE OF SYMEO GMBH, A COMPANY SPECIALIZED IN INNOVATIVE RADAR TECHNOLOGY FOR INDUSTRIAL & AUTOMOTIVE MARKETS, TO ANALOG…; 02/04/2018 – Fidelity Selector Mid Cap Adds Analog Devices, Exits KBR; 09/03/2018 – ANALOG DEVICES REPORTS OFFERING OF $750M NOTES; 08/03/2018 – ARGONAS CORPORATE FINANCE ADVISES SIEMENS AND OTHER SHAREHOLDERS ON THE SALE OF SYMEO GMBH, A COMPANY SPECIALIZED IN INNOVATIVE RADAR TECHNOLOGY FOR INDUSTRIAL & AUTOMOTIVE MARKETS, TO ANALOG; 16/05/2018 – Analog Devices’ Plug-and-Play Antenna Chip Simplifies Phased Array Radar for Avionics and Communications Equipment Designers

More notable recent Analog Devices, Inc. (NASDAQ:ADI) news were published by: Nasdaq.com which released: “Analog Devices (ADI) to Report Q4 Earnings: What’s in Store? – Nasdaq” on November 22, 2019, also Nasdaq.com with their article: “Analog Devices Breaks Above 200-Day Moving Average – Bullish for ADI – Nasdaq” published on November 22, 2019, Nasdaq.com published: “ADI Crosses Above 2% Yield Territory – Nasdaq” on November 21, 2019. More interesting news about Analog Devices, Inc. (NASDAQ:ADI) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Analog Devices, ManTech International and NetEase – Nasdaq” published on December 03, 2019 as well as Fool.com‘s news article titled: “Analog Devices Inc (ADI) Q4 2019 Earnings Call Transcript – Motley Fool” with publication date: November 26, 2019.

Investors sentiment increased to 1.19 in Q2 2019. Its up 0.13, from 1.06 in 2019Q1. It increased, as 46 investors sold Analog Devices, Inc. shares while 240 reduced holdings. 73 funds opened positions while 230 raised stakes. 315.71 million shares or 2.60% less from 324.13 million shares in 2019Q1 were reported. Dsam Partners (London) holds 3% or 213,803 shares. Bright Rock Capital Ltd, a Massachusetts-based fund reported 17,000 shares. Commerzbank Aktiengesellschaft Fi invested in 9,627 shares or 0.01% of the stock. 406,342 were accumulated by Federated Pa. Georgia-based Invesco has invested 0.18% in Analog Devices, Inc. (NASDAQ:ADI). Fayerweather Charles holds 2.53% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI) for 14,862 shares. Ameritas Inv Ptnrs Incorporated holds 0.07% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI) for 13,327 shares. Supplemental Annuity Collective Trust Of Nj accumulated 3,000 shares. Fincl Architects Inc holds 0% or 14 shares in its portfolio. Citadel Advsrs Ltd Llc accumulated 2.45 million shares. Parsons Capital Mngmt Ri has 0.19% invested in Analog Devices, Inc. (NASDAQ:ADI) for 15,365 shares. State Of Wisconsin Investment Board stated it has 319,452 shares. Chevy Chase Tru invested in 0.14% or 308,731 shares. Duncker Streett Company has 151 shares. Whale Rock Capital Management Ltd Liability Corp holds 2.26% or 1.17 million shares in its portfolio.

Summit Materials, Inc., together with its subsidiaries, produces and sells construction materials and related downstream products. The company has market cap of $2.70 billion. The Company’s products include aggregates, cement, ready-mixed concrete, asphalt paving mixes, and concrete products. It has a 633.68 P/E ratio. The firm also provides paving and related services to private and public infrastructure sectors.

Among 5 analysts covering Summit Materials (NYSE:SUM), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Summit Materials has $3200 highest and $22 lowest target. $26’s average target is 7.97% above currents $24.08 stock price. Summit Materials had 7 analyst reports since June 6, 2019 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, October 31. The stock has “Hold” rating by Barclays Capital on Tuesday, October 15. The rating was maintained by JP Morgan with “Neutral” on Thursday, September 5. On Thursday, October 31 the stock rating was maintained by DA Davidson with “Buy”.

More notable recent Summit Materials, Inc. (NYSE:SUM) news were published by: Finance.Yahoo.com which released: “Does This Valuation Of Cummins Inc. (NYSE:CMI) Imply Investors Are Overpaying? – Yahoo Finance” on December 04, 2019, also Benzinga.com with their article: “Stocks That Hit 52-Week Highs On Thursday – Benzinga” published on November 21, 2019, Finance.Yahoo.com published: “An Intrinsic Calculation For GMS Inc. (NYSE:GMS) Suggests It’s 38% Undervalued – Yahoo Finance” on December 03, 2019. More interesting news about Summit Materials, Inc. (NYSE:SUM) were released by: Finance.Yahoo.com and their article: “Are Investors Undervaluing The Chemours Company (NYSE:CC) By 29%? – Yahoo Finance” published on December 02, 2019 as well as Ft.com‘s news article titled: “Nasdaq on track to steal NYSE’s IPO crown – Financial Times” with publication date: November 26, 2019.

Analog Devices, Inc. (NASDAQ:ADI) Institutional Positions Chart

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