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Jefferies Reaffirms Their Buy Rating on Martin Marietta Materials (MLM)


In a report released today, Philip Ng from Jefferies reiterated a Buy rating on Martin Marietta Materials (NYSE: MLM), with a price target of $260. The company’s shares opened today at $196.04, close to its 52-week low of $188.34.

According to TipRanks.com, Ng is ranked #355 out of 4879 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Martin Marietta Materials with a $249 average price target.

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The company has a one-year high of $241.33 and a one-year low of $188.34. Currently, Martin Marietta Materials has an average volume of 622.7K.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MLM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Martin Marietta Materials, Inc. engages in the provision of aggregates including crushed stone, sand, and gravel through its network of quarries and distribution yards. It operates through the following geographic segments: Mid-America Group, Southeast Group, and West Group. The Mid-America Group and Southeast Group segments provide aggregates products only.