Martin Marietta Materials, Inc. (MLM)
NYSE: MLM · Real-Time Price · USD
518.73
+0.08 (0.02%)
Oct 8, 2024, 9:46 AM EDT - Market open
Martin Marietta Materials Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for MLM stock have an average target of 633.17, with a low estimate of 543 and a high estimate of 737. The average target predicts an increase of 22.06% from the current stock price of 518.73.
Analyst Consensus: Strong Buy
* Price targets were last updated on Aug 26, 2024.
Analyst Ratings
The average analyst rating for MLM stock from 13 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 7 | 7 | 7 |
| Buy | 4 | 4 | 4 | 3 | 3 | 3 |
| Hold | 4 | 4 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 14 | 13 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $610 → $657 | Buy | Maintains | $610 → $657 | +26.66% | Aug 26, 2024 |
| Loop Capital | Loop Capital | Strong Buy Maintains $630 → $615 | Strong Buy | Maintains | $630 → $615 | +18.56% | Aug 13, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $658 → $646 | Strong Buy | Maintains | $658 → $646 | +24.53% | Aug 12, 2024 |
| Stephens & Co. | Stephens & Co. | Buy Maintains $650 → $610 | Buy | Maintains | $650 → $610 | +17.59% | Aug 9, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $700 → $670 | Strong Buy | Maintains | $700 → $670 | +29.16% | Aug 9, 2024 |
Financial Forecast
Revenue This Year
6.81B
from 6.78B
Increased by 0.47%
Revenue Next Year
7.48B
from 6.81B
Increased by 9.80%
EPS This Year
19.04
from 18.82
Increased by 1.16%
EPS Next Year
22.46
from 19.04
Increased by 17.97%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.2B | 8.1B | 8.8B | ||
| Avg | 6.8B | 7.5B | 8.0B | ||
| Low | 6.4B | 6.9B | 7.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.9% | 19.2% | 17.9% | ||
| Avg | 0.5% | 9.8% | 7.3% | ||
| Low | -4.9% | 1.1% | -2.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.57 | 25.97 | 28.35 | ||
| Avg | 19.04 | 22.46 | 24.53 | ||
| Low | 17.47 | 19.83 | 21.70 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.3% | 36.4% | 26.2% | ||
| Avg | 1.2% | 18.0% | 9.2% | ||
| Low | -7.2% | 4.1% | -3.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.