Martin Marietta Materials (MLM) Stock Forecast & Price Target

$543.33 +12.10 (+2.28%)

As of 01/17/2025 03:59 PM Eastern

Martin Marietta Materials - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 16 Analyst Ratings

Sell
0

Hold
1

Buy
15

Based on 16 Wall Street analysts who have issued ratings for Martin Marietta Materials in the last 12 months, the stock has a consensus rating of "Buy." Out of the 16 analysts, 1 has given a hold rating, 14 have given a buy rating, and 1 has given a strong buy rating for MLM.

Consensus Price Target

$648.71
19.40% Upside

According to the 16 analysts' twelve-month price targets for Martin Marietta Materials, the average price target is $648.71. The highest price target for MLM is $737.00, while the lowest price target for MLM is $563.00. The average price target represents a forecasted upside of 19.40% from the current price of $543.33.

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MLM Analyst Ratings Over Time

Type	Current Forecast 1/22/24 to 1/21/25	1 Month Ago 12/23/23 to 12/22/24	3 Months Ago 10/24/23 to 10/23/24	1 Year Ago 1/22/23 to 1/22/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	13 Buy rating(s)	10 Buy rating(s)	13 Buy rating(s)
Hold	1 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$648.71	$653.08	$619.36	$497.07
Forecasted Upside	19.40% Upside	22.37% Upside	10.05% Upside	-2.16% Downside
Consensus Rating	Buy	Moderate Buy	Moderate Buy	Moderate Buy

MLM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MLM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Martin Marietta Materials Stock vs. The Competition

Type	Martin Marietta Materials	Construction Companies	S&P 500
Consensus Rating Score	3.00	2.61	2.52
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	19.40% Upside	17.40% Upside	12.44% Upside
News Sentiment Rating	Positive News See Recent MLM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/16/2025	Raymond James 4 of 5 stars	Patrick Tyler Brown Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$640.00 ➝ $630.00	+18.51%
1/8/2025	Wolfe Research 3 of 5 stars	T. Tanners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$563.00	+10.48%
1/6/2025	Citigroup 3 of 5 stars		Lower Target	Buy ➝ Buy	$701.00 ➝ $600.00	+15.85%
12/17/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$657.00 ➝ $622.00	+13.65%
12/11/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Brooks Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
12/11/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$690.00	+22.46%
12/10/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Roger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/27/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$515.00 ➝ $640.00	+7.22%
11/7/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Fisher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$730.00	+18.26%
10/31/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$600.00 ➝ $680.00	+13.95%
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10/29/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$595.00 ➝ $645.00	+12.80%
10/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$650.00 ➝ $635.00	+19.55%
8/9/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$650.00 ➝ $610.00	+14.26%
8/9/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$700.00 ➝ $670.00	+27.77%
7/3/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$650.00 ➝ $630.00	+17.83%
4/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$642.00 ➝ $737.00	+23.79%
10/25/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Seth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
5/10/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$450.00 ➝ $465.00	+16.63%
1/24/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$375.00 ➝ $350.00	+0.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:43 AM ET.

Should I Buy Martin Marietta Materials Stock? MLM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, January 20, 2025. Please send any questions or comments about these Martin Marietta Materials pros and cons to contact@marketbeat.com.

Martin Marietta Materials
Bull Case

Here are some ways that investors could benefit from investing in Martin Marietta Materials, Inc.:

The current stock price is $543.33, which reflects a recent increase of 2.3%, indicating positive market sentiment and potential for further growth.
Martin Marietta Materials, Inc. has a strong market capitalization of approximately $33.21 billion, suggesting stability and a solid position in the construction materials industry.
The company reported a net margin of 30.47%, showcasing its ability to convert revenue into profit effectively, which is a positive indicator for profitability.
With a debt-to-equity ratio of 0.43, the company maintains a conservative approach to leverage, reducing financial risk and enhancing investor confidence.
Recent upgrades in stock ratings, including a "strong-buy" rating from HSBC Global Res, suggest that analysts are optimistic about the company's future performance.

Martin Marietta Materials
Bear Case

Investors should be bearish about investing in Martin Marietta Materials, Inc. for these reasons:

The company reported earnings per share (EPS) of $5.91 for the latest quarter, missing analysts' expectations of $6.41, which may raise concerns about its short-term performance.
Revenue for the quarter was down 5.3% year-over-year, indicating potential challenges in maintaining sales growth in a competitive market.
The price-to-earnings (P/E) ratio of 16.93, while not excessively high, may suggest that the stock is relatively valued compared to its earnings, which could limit upside potential.
Analysts have set a consensus price target of $648.71, which indicates that the stock may have limited room for growth in the near term based on current valuations.
Institutional investors own 95.04% of the company's stock, which may lead to volatility if large shareholders decide to sell their positions.

MLM Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Martin Marietta Materials is $648.71, with a high forecast of $737.00 and a low forecast of $563.00.
: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last year. There is currently 1 hold rating, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MLM shares.
: According to analysts, Martin Marietta Materials's stock has a predicted upside of 19.40% based on their 12-month stock forecasts.
: Over the previous 90 days, Martin Marietta Materials's stock had 4 upgrades and 1 downgrade by analysts.
: Martin Marietta Materials has been rated by research analysts at Barclays, BNP Paribas, Citigroup, Hsbc Global Res, HSBC, JPMorgan Chase & Co., Loop Capital, Morgan Stanley, Raymond James, UBS Group, and Wolfe Research in the past 90 days.
: Analysts like Martin Marietta Materials more than other "construction" companies. The consensus rating for Martin Marietta Materials is Buy while the average consensus rating for "construction" companies is Moderate Buy. Learn more on how MLM compares to other companies.

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This page (NYSE:MLM) was last updated on 1/21/2025 by MarketBeat.com Staff

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Martin Marietta Materials (MLM) Stock Forecast & Price Target