Martin Marietta Materials, Inc. (MLM)
NYSE: MLM · Real-Time Price · USD
605.26
-1.53 (-0.25%)
Nov 13, 2024, 4:00 PM EST - Market closed

Martin Marietta Materials Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for MLM stock have an average target of 637.36, with a low estimate of 515 and a high estimate of 737. The average target predicts an increase of 5.30% from the current stock price of 605.26.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $515 $637.36 $646 $737
Change -14.91% +5.30% +6.73% +21.77%

Analyst Ratings

The average analyst rating for MLM 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 Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 777778
Buy 443344
Hold 433333
Sell 000000
Strong Sell 000000
Total 151413131415

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
UBS
UBS
Strong Buy
Initiates
$730
Strong Buy Initiates $730 +20.61% Nov 7, 2024
Loop Capital
Loop Capital
Strong Buy
Maintains
$600$680
Strong Buy Maintains $600$680 +12.35% Oct 31, 2024
Barclays
Barclays
Buy
Maintains
$595$645
Buy Maintains $595$645 +6.57% Oct 29, 2024
Jefferies
Jefferies
Strong Buy
Maintains
$650$635
Strong Buy Maintains $650$635 +4.91% Oct 9, 2024
JP Morgan
JP Morgan
Hold
Maintains
$560$515
Hold Maintains $560$515 -14.91% Oct 9, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
6.63B
from 6.78B
Decreased by -2.16%
Revenue Next Year
7.32B
from 6.63B
Increased by 10.36%
EPS This Year
17.40
from 18.82
Decreased by -7.58%
EPS Next Year
21.05
from 17.40
Increased by 21.02%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
4.42B4.43B5.41B6.16B6.78B6.63B7.32B7.91B
Revenue Growth
11.10%0.22%22.15%13.79%10.01%-2.16%10.36%8.06%
EPS
9.7411.5411.2213.8718.8217.4021.0523.73
EPS Growth
31.09%18.48%-2.79%23.62%35.73%-7.58%21.02%12.73%
Forward PE
-----34.7928.7525.50
No. Analysts -----252618
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 7.1B 7.8B 8.6B
Avg 6.6B 7.3B 7.9B
Low 6.4B 6.7B 7.3B

Revenue Growth

Revenue Growth 20242025202620272028
High
4.3%
18.3%
17.3%
Avg
-2.2%
10.4%
8.1%
Low
-6.3%
1.7%
-0.2%

EPS Forecast

EPS 20242025202620272028
High 18.33 23.63 27.37
Avg 17.40 21.05 23.73
Low 16.40 18.42 20.24

EPS Growth

EPS Growth 20242025202620272028
High
-2.6%
35.8%
30.0%
Avg
-7.6%
21.0%
12.7%
Low
-12.9%
5.9%
-3.9%
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.