Citigroup analyst Scott Schrier maintained a Buy rating on Martin Marietta Materials (MLM) today and set a price target of $210. The company’s shares opened today at $171.51.
According to TipRanks.com, Schrier is a 1-star analyst with an average return of -4.7% and a 26.5% success rate. Schrier covers the Consumer Goods sector, focusing on stocks such as Green Brick Partners, Taylor Morrison, and William Lyon.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Martin Marietta Materials with a $212.44 average price target, which is a 23.9% upside from current levels. In a report released today, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $198 price target.
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Based on Martin Marietta Materials’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $180 million. In comparison, last year the company had a net profit of $376 million.
Based on the recent corporate insider activity of 89 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.
