Martin Marietta Materials (MLM) Stock Forecast & Price Target

$544.90

+10.38 (+1.94%)

(As of 10/11/2024 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 14 Analyst Ratings

Sell
0

Hold
3

Buy
11

Based on 14 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 14 analysts, 3 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for MLM.

Consensus Price Target

$619.36
13.67% Upside

According to the 14 analysts' twelve-month price targets for Martin Marietta Materials, the average price target is $619.36. 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 13.67% from the current price of $544.90.

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MLM Analyst Ratings Over Time

Type	Current Forecast 10/13/23 to 10/12/24	1 Month Ago 9/13/23 to 9/12/24	3 Months Ago 7/15/23 to 7/14/24	1 Year Ago 10/13/22 to 10/13/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	9 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$619.36	$629.82	$613.00	$469.64
Forecasted Upside	13.67% Upside	22.22% Upside	10.55% Upside	10.20% 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	2.86	2.58	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	13.67% Upside	26.59% Upside	6.85% Upside
News Sentiment Rating	Neutral 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
10/9/2024	Jefferies Financial Group 2 of 5 stars		Lower Target	Buy ➝ Buy	$650.00 ➝ $635.00	+19.55%
10/9/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$560.00 ➝ $515.00	-3.04%
9/19/2024	BNP Paribas 3 of 5 stars	P. Roger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
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%
8/13/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$630.00 ➝ $615.00	+17.52%
8/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$658.00 ➝ $646.00	+21.08%
Get the Latest News and Ratings for MLM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Martin Marietta Materials and its competitors with MarketBeat's FREE daily newsletter.
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
7/28/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$430.00 ➝ $490.00	+10.13%
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 Saturday at 04:21 PM 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 Tuesday, September 24, 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 consistently increased its dividend over time, providing investors with a reliable income stream.
The company has a strong market capitalization of $31.25 billion, indicating stability and potential for growth.
With a P/E ratio of 15.12, the stock may be considered undervalued compared to industry peers, presenting a potential buying opportunity.
Recent analyst ratings have been positive, with an average target price of $629.82, suggesting potential upside for investors.
Despite a recent stock price decline, the company's fundamentals remain strong, making it a potential value investment.

Martin Marietta Materials
Bear Case

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

The company's stock price has experienced a 1.6% decline, indicating short-term volatility that may concern some investors.
While the dividend yield is attractive at 0.62%, the payout ratio of 8.77% may limit future dividend growth potential.
Analysts have issued mixed ratings on the stock, with one sell rating, potentially signaling uncertainty in the market.
The company's P/E/G ratio of 3.57 suggests that the stock may be overvalued relative to its growth prospects.
Investors should consider the industry's cyclicality, as construction materials companies can be sensitive to economic downturns.

MLM Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Martin Marietta Materials is $619.36, with a high forecast of $737.00 and a low forecast of $515.00.
: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last year. There are currently 3 hold ratings, 10 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 13.67% 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 BNP Paribas, Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Loop Capital, Morgan Stanley, Stephens, and Truist Financial in the past 90 days.
: Analysts like Martin Marietta Materials more than other "construction" companies. The consensus rating score for Martin Marietta Materials is 2.86 while the average consensus rating score for "construction" companies is 2.58. Learn more on how MLM compares to other companies.

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This page (NYSE:MLM) was last updated on 10/12/2024 by MarketBeat.com Staff

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