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, which equates to a potential upside 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. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.36 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.43 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. 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. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. 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 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 will post this quarters earnings in days, on 0000-00-00.