In a report issued on November 6, Philip Ng from Jefferies reiterated a Buy rating on Martin Marietta Materials (MLM), with a price target of $240. The company’s shares closed yesterday at $189.76.
According to TipRanks.com, Ng is ranked #394 out of 4918 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Martin Marietta Materials with a $212.63 average price target, which is a 12.1% upside from current levels. In a report issued on October 29, Nomura also initiated coverage with a Buy rating on the stock with a $220 price target.
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The company has a one-year high of $241.33 and a one-year low of $150.75. Currently, Martin Marietta Materials has an average volume of 913.5K.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock.
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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.
