Jefferies analyst Philip Ng reiterated a Buy rating on Martin Marietta Materials (NYSE: MLM) today and set a price target of $248. The company’s shares opened today at $184.35, close to its 52-week low of $180.54.
According to TipRanks.com, Ng is ranked #399 out of 4884 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Martin Marietta Materials with a $242.17 average price target.
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Based on Martin Marietta Materials’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $185 million. In comparison, last year the company had a net profit of $151 million.
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.
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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.
