Martin Marietta Materials, Inc. (MLM)
NYSE: MLM · Real-Time Price · USD
537.30
+1.35 (0.25%)
Feb 4, 2025, 4:00 PM EST - Market closed
Martin Marietta Materials Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Martin Marietta Materials stock have an average target of 645.86, with a low estimate of 543 and a high estimate of 737. The average target predicts an increase of 20.20% from the current stock price of 537.30.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Martin Marietta Materials stock from 15 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 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 8 | 8 | 8 |
| Buy | 3 | 3 | 4 | 5 | 5 | 5 |
| Hold | 3 | 3 | 3 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 13 | 14 | 15 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Maintains $640 → $630 | Buy | Maintains | $640 → $630 | +17.25% | Jan 16, 2025 |
| Citigroup | Citigroup | Strong Buy Maintains $701 → $600 | Strong Buy | Maintains | $701 → $600 | +11.67% | Jan 6, 2025 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $657 → $622 | Buy | Maintains | $657 → $622 | +15.76% | Dec 17, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $515 → $640 | Hold → Buy | Upgrades | $515 → $640 | +19.11% | Nov 27, 2024 |
| UBS | UBS | Strong Buy Initiates $730 | Strong Buy | Initiates | $730 | +35.86% | Nov 7, 2024 |
Financial Forecast
Revenue This Year
6.63B
from 6.78B
Decreased by -2.19%
Revenue Next Year
7.31B
from 6.63B
Increased by 10.26%
EPS This Year
17.28
from 18.82
Decreased by -8.20%
EPS Next Year
20.80
from 17.28
Increased by 20.39%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 7.1B | 7.8B | 8.5B | |||
| Avg | 6.6B | 7.3B | 7.9B | |||
| Low | 6.4B | 6.7B | 7.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 4.3% | 18.3% | 16.9% | |||
| Avg | -2.2% | 10.3% | 7.7% | |||
| Low | -6.3% | 1.8% | -2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 18.33 | 23.47 | 27.84 | |||
| Avg | 17.28 | 20.80 | 23.94 | |||
| Low | 16.08 | 18.42 | 19.21 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -2.6% | 35.8% | 33.8% | |||
| Avg | -8.2% | 20.4% | 15.1% | |||
| Low | -14.6% | 6.6% | -7.7% |
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.