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Martin Marietta Materials (MLM) Stock Forecast & Price Target

$573.78
-7.53 (-1.30%)
(As of 05/22/2024 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 13 Analyst Ratings

Consensus Price Target

$610.27
6.36% Upside
High Forecast$737.00
Average Forecast$610.27
Low Forecast$490.00
TypeCurrent Forecast
5/24/23 to 5/23/24
1 Month Ago
4/24/23 to 4/23/24
3 Months Ago
2/23/23 to 2/23/24
1 Year Ago
5/24/22 to 5/24/23
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
10 Buy rating(s)
10 Buy rating(s)
11 Buy rating(s)
10 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$610.27$588.69$559.46$412.75
Forecasted Upside6.36% Upside10.81% Upside13.07% Upside17.01% 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
2.77
2.53
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside7.07% Upside71.17% Upside8.98% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/16/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$642.00 ➝ $737.00+23.79%
4/15/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$621.00 ➝ $650.00+6.36%
4/5/2024Citigroup
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 Boost TargetBuy ➝ Buy$635.00 ➝ $708.00+14.79%
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%
7/13/2023Jefferies Financial Group
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 Boost TargetBuy$460.00 ➝ $530.00+19.08%
5/10/2023DA Davidson
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 Boost Target$450.00 ➝ $465.00+16.63%
5/5/2023Loop Capital
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 Boost Target$450.00 ➝ $475.00+20.75%
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 Thursday at 03:37 AM ET.

MLM Frequently Asked Questions

What is Martin Marietta Materials's stock forecast and purchase recommendation?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Martin Marietta Materials is $610.27, with a high forecast of $737.00 and a low forecast of $490.00. The consensus rating for Martin Marietta Materials stock is Moderate Buy based on the current 3 hold ratings and 10 buy ratings for MLM. Learn more on MLM's analyst rating history.

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 2.77 while the average consensus rating score for "construction" companies is 2.53. Learn more on how MLM compares to other companies.

Is Martin Marietta Materials being downgraded by Wall Street analysts?

Over the previous 90 days, Martin Marietta Materials's stock had 1 downgrade by analysts.

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

According to analysts, Martin Marietta Materials's stock has a predicted upside of 12.27% based on their 12-month stock forecasts.

What analysts cover Martin Marietta Materials?

Martin Marietta Materials has been rated by research analysts at Citigroup, JPMorgan Chase & Co., Stifel Nicolaus, The Goldman Sachs Group, Truist Financial, and Wolfe Research in the past 90 days.


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This page (NYSE:MLM) was last updated on 5/23/2024 by MarketBeat.com Staff

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