Martin Marietta Materials (MLM) Stock Forecast & Price Target

$597.81 +7.21 (+1.22%)

(As of 11/22/2024 ET)

Martin Marietta Materials - Analysts' Recommendations and Stock Price Forecast (2024)

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

Moderate Buy

Based on 15 Analyst Ratings

Sell
0

Hold
3

Buy
12

Based on 15 Wall Street analysts who have issued ratings for Martin Marietta Materials in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 3 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for MLM.

Consensus Price Target

$634.85
6.20% Upside

According to the 15 analysts' twelve-month price targets for Martin Marietta Materials, the average price target is $634.85. The highest price target for MLM is $737.00, while the lowest price target for MLM is $515.00. The average price target represents a forecasted upside of 6.20% from the current price of $597.81.

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MLM Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$634.85	$619.36	$629.82	$471.79
Forecasted Upside	6.20% Upside	8.62% Upside	15.89% Upside	2.12% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.87	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	6.20% Upside	8.45% Upside	7.66% 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
11/7/2024	UBS Group 4 of 5 stars	S. Fisher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$730.00	+18.26%
10/31/2024	Loop Capital 2 of 5 stars		Boost Target	Buy ➝ Buy	$600.00 ➝ $680.00	+13.95%
10/29/2024	Barclays 3 of 5 stars		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%
10/9/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$560.00 ➝ $515.00	-3.04%
9/19/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Roger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
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8/26/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$610.00 ➝ $657.00	+17.97%
8/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$658.00 ➝ $646.00	+21.08%
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%
3/8/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
2/22/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold	$376.00 ➝ $543.00	+1.25%
1/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$505.00 ➝ $555.00	+12.19%
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 Sunday at 10:43 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 Wednesday, November 6, 2024. 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.:

Martin Marietta Materials, Inc. has a 12-month low of $389.90 and a 12-month high of $626.67, indicating potential for price appreciation.
The company has a current ratio of 1.86, showing strong liquidity to meet short-term obligations.
Martin Marietta Materials increased its quarterly dividend from $0.74 to $0.79, reflecting a positive outlook on future earnings.
Equities research analysts have given the stock a consensus rating of "Moderate Buy" with a target price of $629.82, suggesting growth potential.
The construction company reported a net margin of 30.80% and a return on equity of 13.85%, indicating efficient operations and profitability.

Martin Marietta Materials
Bear Case

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

Analysts have issued varying ratings on the stock, including a sell rating, which may indicate uncertainty in the company's future performance.
Truist Financial and Stephens reduced their price targets on Martin Marietta Materials, signaling potential concerns about the company's growth prospects.
One investment analyst has rated the stock with a sell rating, suggesting a negative sentiment towards the company's stock performance.
Stifel Nicolaus lowered their price target on Martin Marietta Materials, indicating a cautious outlook on the company's valuation.
The company's revenue was down 3.1% compared to the same quarter last year, potentially signaling challenges in revenue growth.

MLM Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Martin Marietta Materials is $634.85, with a high forecast of $737.00 and a low forecast of $515.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last twelve months. There are currently 3 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MLM shares.
: According to analysts, Martin Marietta Materials's stock has a predicted upside of 6.20% based on their 12-month stock forecasts.
: Over the previous 90 days, Martin Marietta Materials's stock had 1 upgrade by analysts.
: Martin Marietta Materials has been rated by research analysts at Barclays, BNP Paribas, Jefferies Financial Group, JPMorgan Chase & Co., Loop Capital, Morgan Stanley, and UBS Group in the past 90 days.
: Analysts like Martin Marietta Materials more than other "construction" companies. The consensus rating score for Martin Marietta Materials is 2.87 while the average consensus rating score for "construction" companies is 2.62. Learn more on how MLM compares to other companies.

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This page (NYSE:MLM) was last updated on 11/24/2024 by MarketBeat.com Staff

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Martin Marietta Materials (MLM) Stock Forecast & Price Target