Deutsche Bank Reconfirms $38 Target Price per Share On Summit Materials (SUM), Reconfirms “Buy” Rating; TEFRON LTD NEW (TFRFF) Shorts Lowered By 82.07%

February 15, 2018 - By Kurt Siggers

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 5.64% above currents $32.1 stock price. Summit Materials had 34 analyst reports since August 17, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, November 3 by RBC Capital Markets. The firm earned “Neutral” rating on Wednesday, November 16 by Bank of America. The rating was maintained by Stifel Nicolaus on Wednesday, August 2 with “Buy”. The rating was maintained by RBC Capital Markets on Wednesday, November 4 with “Outperform”. The stock of Summit Materials, Inc. (NYSE:SUM) earned “Buy” rating by RBC Capital Markets on Friday, August 28. As per Thursday, January 25, the company rating was maintained by Citigroup. The rating was maintained by Cleveland with “Buy” on Monday, April 3. The stock of Summit Materials, Inc. (NYSE:SUM) earned “Buy” rating by RBC Capital Markets on Tuesday, October 10. The rating was maintained by RBC Capital Markets on Wednesday, September 6 with “Buy”. Stifel Nicolaus maintained Summit Materials, Inc. (NYSE:SUM) rating on Friday, October 6. Stifel Nicolaus has “Buy” rating and $35.0 target.

TEFRON LTD NEW (OTCMKTS:TFRFF) had a decrease of 82.07% in short interest. TFRFF’s SI was 3,300 shares in February as released by FINRA. Its down 82.07% from 18,400 shares previously. With 2,700 avg volume, 1 days are for TEFRON LTD NEW (OTCMKTS:TFRFF)’s short sellers to cover TFRFF’s short positions. It closed at $0.7 lastly. It is down 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Tefron Ltd. focuses on the development, production, marketing, and sale of intimate apparel and activewear worldwide. The company has market cap of $8.38 million. It operates through Brands and Retail divisions. It currently has negative earnings. The firm was founded in 1977 and is headquartered in Misgav, Israel.

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 29.72 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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