Summit Materials, Inc. (SUM) At $31.10 Forms Top; Siliconware Precision Inst Ads (SPIL) Shorts Lowered By 30.8%

Summit Materials, Inc. (SUM) formed multiple top with $33.28 target or 7.00% above today’s $31.10 share price. Summit Materials, Inc. (SUM) has $3.54B valuation. The stock decreased 0.03% or $0.01 during the last trading session, reaching $31.1. About 604,149 shares traded. Summit Materials, Inc. (NYSE:SUM) has risen 29.53% since January 21, 2017 and is uptrending. It has outperformed by 12.83% the S&P500.

Siliconware Precision Inst Ads (NASDAQ:SPIL) had a decrease of 30.8% in short interest. SPIL’s SI was 118,400 shares in January as released by FINRA. Its down 30.8% from 171,100 shares previously. With 73,600 avg volume, 2 days are for Siliconware Precision Inst Ads (NASDAQ:SPIL)’s short sellers to cover SPIL’s short positions. The SI to Siliconware Precision Inst Ads’s float is 0.03%. The stock increased 0.47% or $0.04 during the last trading session, reaching $8.49. About 75,029 shares traded or 14.44% up from the average. Siliconware Precision Industries Co., Ltd. (NASDAQ:SPIL) has risen 17.43% since January 21, 2017 and is uptrending. It has outperformed by 0.73% the S&P500.

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 28.80 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.

Among 12 analysts covering Summit Materials (NYSE:SUM), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Summit Materials had 32 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Summit Materials, Inc. (NYSE:SUM) earned “Buy” rating by RBC Capital Markets on Tuesday, October 10. RBC Capital Markets maintained Summit Materials, Inc. (NYSE:SUM) rating on Wednesday, November 4. RBC Capital Markets has “Outperform” rating and $25 target. The firm has “Neutral” rating given on Wednesday, November 16 by Bank of America. The stock of Summit Materials, Inc. (NYSE:SUM) has “Buy” rating given on Tuesday, November 14 by RBC Capital Markets. The stock of Summit Materials, Inc. (NYSE:SUM) has “Buy” rating given on Friday, August 28 by RBC Capital Markets. The rating was downgraded by Goldman Sachs on Tuesday, October 11 to “Neutral”. The stock has “Buy” rating by Bank of America on Thursday, October 8. The firm has “Buy” rating by Cleveland given on Monday, April 3. The stock has “Buy” rating by Citigroup on Thursday, August 4. The rating was initiated by Barclays Capital with “Hold” on Tuesday, December 12.

Among 5 analysts covering Siliconware Precision (NASDAQ:SPIL), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Siliconware Precision had 5 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Citigroup on Wednesday, April 27. Jefferies downgraded the shares of SPIL in report on Wednesday, October 28 to “Hold” rating. Zacks upgraded the stock to “Hold” rating in Wednesday, September 2 report. Societe Generale downgraded the stock to “Hold” rating in Monday, July 27 report. The firm has “Neutral” rating given on Wednesday, December 23 by Goldman Sachs.

Siliconware Precision Industries Co., Ltd. provides semiconductor packaging and testing services in the United States, China, Taiwan, Europe, and internationally. The company has market cap of $5.26 billion. It provides packaging and testing solutions, including advanced packages, substrate packages, and lead-frame packages, as well as testing for logic and mixed signal devices to measure and ensure the performance, functionality, and reliability of packaged semiconductor devices. It has a 22.05 P/E ratio. The firm also offers turnkey services; and flip-chip and wafer bumping services.

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