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Martin Marietta Materials (MLM) Stock Forecast & Price Target

$565.11
-2.63 (-0.46%)
(As of 07/23/2024 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

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, and 11 have given a buy rating for MLM.

Consensus Price Target

$617.33
9.24% Upside
High Forecast$737.00
Average Forecast$617.33
Low Forecast$490.00

According to the 14 analysts' twelve-month price targets for Martin Marietta Materials, the average price target is $617.33. The highest price target for MLM is $737.00, while the lowest price target for MLM is $490.00. The average price target represents a forecasted upside of 9.24% from the current price of $565.11.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 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)
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)
0 Sell rating(s)
Consensus Price Target$617.33$610.27$588.69$448.73
Forecasted Upside9.24% Upside12.27% Upside10.81% Upside14.58% Upside
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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.
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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.
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Martin Marietta Materials Stock vs. The Competition

TypeMartin Marietta MaterialsConstruction CompaniesS&P 500
Consensus Rating Score
2.79
2.56
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside9.24% Upside31.15% Upside9.25% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetBuy ➝ Buy$660.00 ➝ $665.00+17.55%
7/11/2024Citigroup
3 of 5 stars
 Lower TargetBuy ➝ Buy$696.00 ➝ $658.00+18.73%
7/3/2024Loop Capital
2 of 5 stars
 Lower TargetBuy ➝ Buy$710.00 ➝ $630.00+18.13%
7/3/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$650.00 ➝ $630.00+17.83%
4/16/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$642.00 ➝ $737.00+23.79%
4/2/2024Truist Financial
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 Boost TargetBuy ➝ Buy$610.00 ➝ $700.00+17.82%
3/22/2024JPMorgan Chase & Co.
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 Reiterated RatingOverweight ➝ Neutral$530.00 ➝ $600.00-2.05%
3/8/2024Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
2/22/2024HSBC
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 UpgradeReduce ➝ Hold$376.00 ➝ $543.00+1.25%
2/16/2024Stephens
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 Boost TargetOverweight ➝ Overweight$575.00 ➝ $605.00+11.70%
1/25/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$505.00 ➝ $555.00+12.19%
1/8/2024Morgan Stanley
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 Initiated CoverageOverweight$595.00+22.23%
10/25/2023Seaport Res Ptn
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R. Seth
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UpgradeNeutral ➝ Buy
7/28/2023Barclays
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 Boost TargetOverweight$430.00 ➝ $490.00+10.13%
5/10/2023DA Davidson
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 Boost Target$450.00 ➝ $465.00+16.63%
1/24/2023Atlantic Securities
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 DowngradeOverweight ➝ Neutral$375.00 ➝ $350.00+0.31%
9/20/2022BNP Paribas
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 UpgradeNeutral ➝ Outperform$407.00+21.21%
9/20/2022Exane BNP Paribas
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 UpgradeNeutral ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:54 AM ET.

MLM Forecast - Frequently Asked Questions

What is Martin Marietta Materials' forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Martin Marietta Materials is $617.33, with a high forecast of $737.00 and a low forecast of $490.00.

Should I buy or sell Martin Marietta Materials stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MLM shares.

Does Martin Marietta Materials's stock price have much upside?

According to analysts, Martin Marietta Materials's stock has a predicted upside of 14.07% based on their 12-month stock forecasts.

What analysts cover Martin Marietta Materials?

Martin Marietta Materials has been rated by research analysts at Citigroup, Jefferies Financial Group, Loop Capital, and Stifel Nicolaus in the past 90 days.

Do Wall Street analysts like Martin Marietta Materials more than its competitors?

Analysts like Martin Marietta Materials more than other "construction" companies. The consensus rating score for Martin Marietta Materials is 2.79 while the average consensus rating score for "construction" companies is 2.56. Learn more on how MLM compares to other companies.


This page (NYSE:MLM) was last updated on 7/24/2024 by MarketBeat.com Staff

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