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Martin Marietta Materials (MLM) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MLM Stock Forecast

Martin Marietta Materials (MLM) stock forecast, based on 13 Wall Street analysts, predicts a 12-month average price target of $627.75, with a high of $680.00 and a low of $575.00. This represents a 16.26% increase from the last price of $539.96.

$450 $500 $550 $600 $650 $700 High: $680 Avg: $627.75 Low: $575 Last Closed Price: $539.96

MLM Stock Rating

Martin Marietta Materials stock's rating consensus is Buy, based on 13 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 11 Buy (84.62%), 2 Hold (15.38%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 13 0 2 11 Strong Sell Sell Hold Buy Strong Buy

MLM Price Target Upside V Benchmarks

TypeNameUpside
StockMartin Marietta Materials16.26%
SectorBasic Materials Stocks 16.25%

Price Target Trends

1M3M12M
# Anlaysts--9
Avg Price Target--$623.22
Last Closing Price$539.96$539.96$539.96
Upside/Downside--15.42%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 2551151-22
Jan, 2551151-22
Dec, 2461061-23
Nov, 246961-22
Oct, 2461181-26
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 31, 2024Garik ShmoisLoop Capital Markets$680.00$604.8512.42%25.94%
Oct 01, 2024Garik ShmoisLoop Capital Markets$600.00$537.7811.57%11.12%
Aug 13, 2024Garik ShmoisLoop Capital Markets$615.00$525.1117.12%13.90%
Aug 12, 2024Anthony PettinariCitigroup$646.00$533.5521.08%19.64%
Aug 09, 2024Trey GroomsStephens$610.00$538.9813.18%12.97%
Aug 09, 2024Timna TannersBank of America Securities$575.00$538.986.68%6.49%
Jul 17, 2024Philip NgJefferies$665.00$577.4615.16%23.16%
May 20, 2024Brent ThielmanD.A. Davidson$675.00$583.1015.76%25.01%
Feb 22, 2024Wesley BrooksHSBC$543.00$536.301.25%0.56%
Oct 24, 2023Rohit SethSeaport Global$520.00$414.7325.38%-3.70%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Oct 31, 2024Loop Capital MarketsBuyBuyhold
Oct 29, 2024BarclaysOverweightOverweighthold
Oct 01, 2024Loop Capital MarketsBuyBuyhold
Aug 26, 2024Morgan StanleyOverweightOverweighthold
Aug 13, 2024Loop Capital MarketsBuyBuyhold
Aug 12, 2024CitigroupBuyBuyhold
Aug 09, 2024StephensOverweightOverweighthold
Aug 09, 2024Bank of America SecuritiesNeutralNeutralhold
Jul 17, 2024JefferiesBuyBuyhold
Jul 11, 2024CitigroupBuyBuyhold

Financial Forecast

EPS Forecast

$10 $14 $18 $22 $26 $30 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$11.56$11.26$13.91$19.39----
Avg Forecast$10.67$11.92$12.18$18.55$17.26$20.47$23.58$27.18
High Forecast$10.13$11.31$11.61$18.32$17.00$19.59$19.71$25.75
Low Forecast$11.16$12.46$12.46$18.81$17.55$22.08$26.26$27.90
Surprise %8.34%-5.54%14.20%4.53%----

Revenue Forecast

$4B $5B $6B $7B $8B $9B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$4.73B$5.41B$6.16B$6.78B----
Avg Forecast$4.35B$5.01B$5.83B$6.81B$6.56B$7.18B$7.75B$8.20B
High Forecast$4.18B$4.82B$5.61B$6.79B$6.51B$7.12B$7.74B$8.19B
Low Forecast$4.50B$5.19B$5.93B$6.84B$6.59B$7.26B$7.75B$8.22B
Surprise %8.65%8.01%5.74%-0.49%----

Net Income Forecast

$0 $400M $800M $1B $2B $2B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$721.00M$702.50M$866.80M$1.20B----
Avg Forecast$566.75M$665.85M$813.78M$1.20B$1.07B$1.27B$1.43B$1.67B
High Forecast$453.40M$532.68M$651.03M$959.84M$1.06B$1.22B$1.22B$1.60B
Low Forecast$680.11M$799.02M$976.54M$1.44B$1.09B$1.37B$1.63B$1.73B
Surprise %27.22%5.50%6.52%0.04%----

MLM Forecast FAQ

Is Martin Marietta Materials stock a buy?

Martin Marietta Materials stock has a consensus rating of Buy, based on 13 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 11 Buy, 2 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Martin Marietta Materials is a favorable investment for most analysts.

What is Martin Marietta Materials's price target?

Martin Marietta Materials's price target, set by 13 Wall Street analysts, averages $627.75 over the next 12 months. The price target range spans from $575 at the low end to $680 at the high end, suggesting a potential 16.26% change from the previous closing price of $539.96.

How does Martin Marietta Materials stock forecast compare to its benchmarks?

Martin Marietta Materials's stock forecast shows a 16.26% upside, outperforming the average forecast for the basic materials stocks sector (16.25%).

What is the breakdown of analyst ratings for Martin Marietta Materials over the past three months?

  • February 2025: 22.73% Strong Buy, 50.00% Buy, 22.73% Hold, 4.55% Sell, 0% Strong Sell.
  • January 2025: 22.73% Strong Buy, 50.00% Buy, 22.73% Hold, 4.55% Sell, 0% Strong Sell.
  • December 2024: 26.09% Strong Buy, 43.48% Buy, 26.09% Hold, 4.35% Sell, 0% Strong Sell.

What is Martin Marietta Materials’s EPS forecast?

Martin Marietta Materials's average annual EPS forecast for its fiscal year ending in December is $17.26 for 2024, a -10.99% decrease from the reported $19.39 in 2023. The prediction for 2025 is $20.47, $23.58 for 2026, and $27.18 for 2027.

What is Martin Marietta Materials’s revenue forecast?

Martin Marietta Materials's average annual revenue forecast for its fiscal year ending in December is $6.56B for 2024, a -3.28% decrease from the reported $6.78B in 2023. The forecast for 2025 is $7.18B, $7.75B for 2026, and $8.2B for 2027.

What is Martin Marietta Materials’s net income forecast?

For its fiscal year ending in December, Martin Marietta Materials's average annual net income forecast is $1.07B for 2024, reflecting a -10.63% decrease from the reported $1.2B in 2023. The projection for 2025 is $1.27B, $1.43B for 2026, and $1.67B for 2027.