Martin Marietta Materials (MLM) Receives a Buy from SunTrust Robinson
SunTrust Robinson analyst Rohit Seth reiterated a Buy rating on Martin Marietta Materials (NYSE: MLM) on October 10 and set a price target of $220. The company’s shares closed yesterday at $168.86, close to its 52-week low of $167.67.
According to TipRanks.com, Seth is ranked #2292 out of 4877 analysts.
Currently, the analyst consensus on Martin Marietta Materials is a Moderate Buy with an average price target of $234.13, a 38.7% upside from current levels. In a report issued on October 4, Jefferies also reiterated a Buy rating on the stock with a $248 price target.
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Martin Marietta Materials’ market cap is currently $10.64B and has a P/E ratio of 14.79. The company has a Price to Book ratio of 2.20.
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.