RBC Capital Maintains a “Buy” Rating on Summit Materials (SUM) and $37.0 Target; Americafirst Capital Management Has Lifted Its United Continental Holdings (UAL) Stake

February 15, 2018 - By Marie Mckinney

Among 13 analysts covering Summit Materials (NYSE:SUM), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Summit Materials has $40.0 highest and $20 lowest target. $33.91’s average target is 7.38% above currents $31.58 stock price. Summit Materials had 34 analyst reports since August 17, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of SUM in report on Tuesday, March 22 with “Equal-Weight” rating. The stock of Summit Materials, Inc. (NYSE:SUM) has “Buy” rating given on Monday, April 3 by Cleveland. The company was upgraded on Thursday, October 8 by Bank of America. The stock of Summit Materials, Inc. (NYSE:SUM) earned “Outperform” rating by RBC Capital Markets on Thursday, November 3. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 2. RBC Capital Markets maintained Summit Materials, Inc. (NYSE:SUM) on Tuesday, October 10 with “Buy” rating. On Monday, April 18 the stock rating was maintained by Citigroup with “Buy”. The stock of Summit Materials, Inc. (NYSE:SUM) has “Hold” rating given on Tuesday, December 12 by Barclays Capital. The firm has “Neutral” rating by Bank of America given on Wednesday, November 16. The stock of Summit Materials, Inc. (NYSE:SUM) earned “Buy” rating by RBC Capital Markets on Monday, July 24.

Americafirst Capital Management Llc increased United Continental Holdings Inc (UAL) stake by 299.44% reported in 2017Q3 SEC filing. Americafirst Capital Management Llc acquired 3,201 shares as United Continental Holdings Inc (UAL)’s stock rose 2.66%. The Americafirst Capital Management Llc holds 4,270 shares with $259.96 million value, up from 1,069 last quarter. United Continental Holdings Inc now has $19.46B valuation. The stock decreased 0.03% or $0.02 during the last trading session, reaching $65.68. About 2.75 million shares traded. United Continental Holdings, Inc. (NYSE:UAL) has risen 77.19% since February 15, 2017 and is uptrending. It has outperformed by 60.49% the S&P500.

Investors sentiment decreased to 0.71 in 2017 Q3. Its down 0.08, from 0.79 in 2017Q2. It fall, as 86 investors sold UAL shares while 191 reduced holdings. 56 funds opened positions while 141 raised stakes. 275.39 million shares or 1.64% less from 279.97 million shares in 2017Q2 were reported. Camarda Financial Advsr Lc holds 0.52% or 7,921 shares. Moreover, Addison Capital Com has 0.47% invested in United Continental Holdings, Inc. (NYSE:UAL) for 8,792 shares. Franklin Resource Inc reported 44,537 shares. Utah Retirement Systems has invested 0.07% in United Continental Holdings, Inc. (NYSE:UAL). Tiaa Cref Inv Management Limited invested 0.05% in United Continental Holdings, Inc. (NYSE:UAL). Ibm Retirement Fund invested 0.08% of its portfolio in United Continental Holdings, Inc. (NYSE:UAL). Meag Munich Ergo Kapitalanlagegesellschaft Mbh, Germany-based fund reported 119,810 shares. Interest Group Inc has 0.02% invested in United Continental Holdings, Inc. (NYSE:UAL) for 98,151 shares. Kamunting Street Capital Mngmt Lp invested 3.85% of its portfolio in United Continental Holdings, Inc. (NYSE:UAL). Old Mutual Customised Solutions (Proprietary) Limited owns 2,800 shares. Tillar reported 0.76% in United Continental Holdings, Inc. (NYSE:UAL). Blair William Il reported 5,578 shares stake. 48,029 are held by Proshare Advsr Lc. Moreover, Dupont Capital Mngmt has 0% invested in United Continental Holdings, Inc. (NYSE:UAL) for 1,094 shares. 4,270 were reported by Americafirst Limited Liability Corp.

Americafirst Capital Management Llc decreased Starwood Property Trust Inc. (NYSE:STWD) stake by 1,756 shares to 18,627 valued at $404.58M in 2017Q3. It also reduced Unitedhealth Group Incorporated (NYSE:UNH) stake by 5,257 shares and now owns 1,422 shares. Intel Corporation (NASDAQ:INTC) was reduced too.

Among 23 analysts covering United Continental (NYSE:UAL), 12 have Buy rating, 0 Sell and 11 Hold. Therefore 52% are positive. United Continental has $130.0 highest and $42 lowest target. $76.04’s average target is 15.77% above currents $65.68 stock price. United Continental had 97 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Wednesday, January 11. Morgan Stanley maintained the shares of UAL in report on Thursday, April 28 with “Overweight” rating. The firm has “Outperform” rating by Credit Suisse given on Tuesday, April 12. As per Thursday, August 17, the company rating was maintained by Morgan Stanley. Bank of America maintained the stock with “Buy” rating in Tuesday, October 10 report. Morgan Stanley maintained the shares of UAL in report on Friday, October 20 with “Equal-Weight” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, July 20 report. Cowen & Co maintained the stock with “Hold” rating in Thursday, September 7 report. The rating was maintained by Cowen & Co on Monday, January 8 with “Hold”. Credit Suisse maintained it with “Outperform” rating and $80 target in Friday, January 22 report.

Analysts await Summit Materials, Inc. (NYSE:SUM) to report earnings on February, 28. They expect $0.27 earnings per share, up 28.57% or $0.06 from last year’s $0.21 per share. SUM’s profit will be $30.75 million for 29.24 P/E if the $0.27 EPS becomes a reality. After $0.72 actual earnings per share reported by Summit Materials, Inc. for the previous quarter, Wall Street now forecasts -62.50% negative EPS growth.

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