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.

A number of analysts gave price targets for MLM. The most optimistic analyst gave a price target of 275, implying a possible profit of 21.41 percent. The most pessimistic analyst gave a price target of 230, which equates to a potential downside of 1.55 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. Over the past 30 days, FY earnings estimates have also changed downwards by -0.36 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.43 percent.

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, which can be compared to the 2 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.

MLM has an estimated earnings growth rate of 24.75 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, 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 lower than its 52-week high. MLM has a price/earnings 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 market cap of MLM is $14.14 billion. MLM's next earnings release will be on 0000-00-00, which is days away.