Analyst Ratings for Martin Marietta Materials Inc. (MLM)Updated: 2017-07-29
Martin Marietta Materials Inc. (NYSE:MLM) was awarded an average rating of Overweight from investment analysts following the stock. MLM had previously received a consensus rating of Overweight a month ago.
14 analysts issued ratings on the stock, where 9 gave MLM a buy rating, 0 gave an overweight rating, 5 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Many analysts weighed in on price targets for MLM. The maximum price target given was 275, implying potential capital gains of 21.41 percent. The lowest price target was 230, which equates to a potential downside of 1.55 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -0.83 percent. That number becomes -2.26 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -0.36 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0.43 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of MLM to grow at a rate of 24.75 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of MLM is 1.38.
MLM has a 52-week high of 244.32 and a 52-week low of 167.06. The current market price is above the trailing year's low by 35.58 percent, and 7.29 percent below the high. MLM has a P/E ratio of 34.27. Investors typically compare the P/E ratio to a company's peers in the industry. The MLM value stock report compares MLM to some of its peers using value stock charts. The stock has a market capitalization of $14.14 billion. MLM's next earnings release will be on 0000-00-00, which is days away.