Martin Marietta Materials (MLM) : The consensus on Martin Marietta Materials (MLM) based on 5 analyst recommendation on the company stock is 2.2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Martin Marietta Materials (MLM) stock is expected to deviate a maximum of $29.76 from the average target price of $198.8 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $235 and the most muted being $166.
Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of Martin Marietta Materials (NYSE:MLM). Goldman Sachs has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $209 per share from a prior target of $191. The rating by the firm was issued on June 8, 2016.
Martin Marietta Materials (NYSE:MLM): After opening at $177.38, the stock dipped to an intraday low of $174.78 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $178.5 and the buying power remained strong till the end. The stock closed at $177.83 for the day, a gain of 0.25% for the day session. The total traded volume was 808,776. The stocks close on the previous trading day was $177.38.
Martin Marietta Materials, Inc. is a supplier of aggregates products (crushed stone, sand, and gravel) and heavy building materials (cement) for the construction industry, including infrastructure, non-residential, residential, railroad ballast, agricultural and chemical grade stone used in environmental applications. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Companys Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. The Companys Cement Business is engaged in producing Portland and specialty cements, such as masonry and oil well cements. The Companys Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.