Martin Marietta Materials, Inc. (MLM)
NYSE: MLM · Real-Time Price · USD
533.69
+7.92 (1.51%)
Dec 20, 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 643.79, with a low estimate of 543 and a high estimate of 737. The average target predicts an increase of 20.63% from the current stock price of 533.69.
Analyst Consensus: Strong Buy
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 7 | 8 | 8 |
| Buy | 4 | 3 | 3 | 4 | 5 | 5 |
| Hold | 3 | 3 | 3 | 3 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 13 | 13 | 14 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $657 → $622 | Buy | Maintains | $657 → $622 | +16.55% | Dec 17, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $515 → $640 | Hold → Buy | Upgrades | $515 → $640 | +19.92% | Nov 27, 2024 |
| UBS | UBS | Strong Buy Initiates $730 | Strong Buy | Initiates | $730 | +36.78% | Nov 7, 2024 |
| Loop Capital | Loop Capital | Strong Buy Maintains $600 → $680 | Strong Buy | Maintains | $600 → $680 | +27.41% | Oct 31, 2024 |
| Barclays | Barclays | Buy Maintains $595 → $645 | Buy | Maintains | $595 → $645 | +20.86% | Oct 29, 2024 |
Financial Forecast
Revenue This Year
6.63B
from 6.78B
Decreased by -2.13%
Revenue Next Year
7.32B
from 6.63B
Increased by 10.42%
EPS This Year
17.28
from 18.82
Decreased by -8.18%
EPS Next Year
21.19
from 17.28
Increased by 22.60%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 4.3% | 18.2% | 17.2% | |||
| Avg | -2.1% | 10.4% | 7.9% | |||
| Low | -6.3% | 1.7% | -0.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 18.33 | 23.63 | 27.84 | |||
| Avg | 17.28 | 21.19 | 24.11 | |||
| Low | 16.08 | 18.42 | 20.24 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -2.6% | 36.7% | 31.4% | |||
| Avg | -8.2% | 22.6% | 13.8% | |||
| Low | -14.6% | 6.6% | -4.5% |
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.