Martin Marietta Materials, Inc. (MLM)
NYSE: MLM · IEX Real-Time Price · USD
534.83
+2.78 (0.52%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Martin Marietta Materials Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for MLM stock have an average target of 615.25, with a low estimate of 490 and a high estimate of 737. The average target predicts an increase of 15.04% from the current stock price of 534.83.
Analyst Consensus: Strong Buy
* Price targets were last updated on Apr 16, 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 6 | 6 | 7 | 7 | 6 |
| Buy | 5 | 5 | 4 | 4 | 4 | 4 |
| Hold | 2 | 2 | 4 | 4 | 4 | 3 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 13 | 14 | 15 | 15 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $642 → $737 | Strong Buy | Maintains | $642 → $737 | +37.80% | Apr 16, 2024 |
| Stifel | Stifel | Strong Buy Maintains $621 → $650 | Strong Buy | Maintains | $621 → $650 | +21.53% | Apr 15, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $635 → $708 | Strong Buy | Maintains | $635 → $708 | +32.38% | Apr 5, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $610 → $700 | Strong Buy | Maintains | $610 → $700 | +30.88% | Apr 2, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $530 → $600 | Buy → Hold | Downgrades | $530 → $600 | +12.19% | Mar 22, 2024 |
Financial Forecast
Revenue This Year
7.21B
from 6.78B
Increased by 6.36%
Revenue Next Year
7.82B
from 7.21B
Increased by 8.42%
EPS This Year
22.11
from 18.88
Increased by 17.09%
EPS Next Year
24.81
from 22.11
Increased by 12.22%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.7B | 8.5B | 9.2B | 9.1B | 9.6B |
| Avg | 7.2B | 7.8B | 8.3B | 8.7B | 9.3B |
| Low | 6.8B | 7.2B | 7.4B | 8.5B | 9.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.7% | 17.3% | 18.2% | 9.0% | 10.4% |
| Avg | 6.4% | 8.4% | 6.4% | 4.8% | 6.2% |
| Low | 0.5% | -0.3% | -5.3% | 1.7% | 3.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.62 | 27.26 | 30.77 | 27.47 | 28.84 |
| Avg | 22.11 | 24.81 | 26.79 | 26.42 | 27.74 |
| Low | 20.34 | 22.84 | 22.38 | 25.64 | 26.92 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 30.4% | 23.3% | 24.0% | 2.5% | 9.2% |
| Avg | 17.1% | 12.2% | 8.0% | -1.4% | 5.0% |
| Low | 7.7% | 3.3% | -9.8% | -4.3% | 1.9% |
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.