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

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MLM Stock Forecast

Martin Marietta Materials stock forecast is as follows: an average price target of $635.20 (represents a 19.02% upside from MLM’s last price of $533.69) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

MLM Price Target

The average price target for Martin Marietta Materials (MLM) is $635.20 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $680.00 to $575.00. This represents a potential 19.02% upside from MLM's last price of $533.69.

MLM Analyst Ratings

Buy

According to 13 Wall Street analysts, Martin Marietta Materials's rating consensus is 'Buy'. The analyst rating breakdown for MLM stock is 0 'Strong Buy' (0.00%), 11 'Buy' (84.62%), 2 'Hold' (15.38%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Martin Marietta Materials Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 31, 2024Garik ShmoisLoop Capital Markets$680.00$604.8512.42%27.41%
Oct 01, 2024Garik ShmoisLoop Capital Markets$600.00$537.7811.57%12.42%
Aug 13, 2024Garik ShmoisLoop Capital Markets$615.00$525.1117.12%15.24%
Aug 12, 2024Anthony PettinariCitigroup$646.00$533.5521.08%21.04%
Aug 09, 2024Trey GroomsStephens$610.00$538.9813.18%14.30%
Aug 09, 2024Timna TannersBank of America Securities$575.00$538.986.68%7.74%
Jul 17, 2024Philip NgJefferies$665.00$577.4615.16%24.60%
May 20, 2024Brent ThielmanD.A. Davidson$675.00$583.1015.76%26.48%
Feb 22, 2024Wesley BrooksHSBC$543.00$536.301.25%1.74%
Oct 24, 2023Rohit SethSeaport Global$520.00$414.7325.38%-2.57%
Dec 14, 2022Morgan Stanley$399.00$368.738.21%-25.24%
Dec 08, 2022J.P. Morgan$395.00$352.5012.06%-25.99%
Nov 06, 2022Patrick Tyler BrownRaymond James$380.00$337.1612.71%-28.80%
Sep 22, 2022J.P. Morgan$410.00$329.2724.52%-23.18%
Aug 18, 2022Patrick TylerRaymond James$410.00$367.5511.55%-23.18%
Aug 01, 2022Morgan Stanley$420.00$352.5019.15%-21.30%
Jul 18, 2022Morgan Stanley$394.00$314.7225.19%-26.17%
Jul 14, 2022Wolfe Research$384.00$309.6923.99%-28.05%
Jul 01, 2022Brent ThielmanD.A. Davidson$375.00$299.2425.32%-29.73%
May 06, 2022Morgan Stanley$443.00$343.0729.13%-16.99%
May 05, 2022Stephens$455.00$359.8926.43%-14.74%
Sep 02, 2021Daniel WangBerenberg Bank$389.00$378.282.83%-27.11%
May 26, 2021Adrian HuertaJ.P. Morgan$385.00$365.895.22%-27.86%

The latest Martin Marietta Materials stock forecast, released on Oct 31, 2024 by Garik Shmois from Loop Capital Markets, set a price target of $680.00, which represents a 12.42% increase from the stock price at the time of the forecast ($604.85), and a 27.41% increase from MLM last price ($533.69).

Martin Marietta Materials Price Target by Period

1M3M12M
# Anlaysts-29
Avg Price Target-$640.00$623.22
Last Closing Price$533.69$533.69$533.69
Upside/Downside-100.00%19.92%16.78%

In the current month, the average price target of Martin Marietta Materials stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Martin Marietta Materials's last price of $533.69. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

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
Apr 15, 2024Morgan StanleyOverweightOverweightHold
Apr 05, 2024CitigroupBuyBuyHold
Feb 22, 2024HSBCHoldUpgrade
Oct 24, 2023Seaport GlobalBuyUpgrade
Apr 03, 2023Goldman SachsBuyUpgrade
Dec 14, 2022Morgan StanleyOverweightEqual-WeightDowngrade
Dec 08, 2022Raymond JamesOverweightOverweightHold
Nov 06, 2022Raymond JamesOutperformOutperformHold
Sep 20, 2022Exane BNP ParibasOutperformUpgrade
Jul 18, 2022Morgan StanleyOverweightOverweightHold
Jul 14, 2022Wolfe ResearchOutperformUpgrade

Martin Marietta Materials's last stock rating was published by Loop Capital Markets on Oct 31, 2024. The company gave MLM a "Buy" rating, the same as its previous rate.

Martin Marietta Materials Financial Forecast

Martin Marietta Materials Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$1.61B$1.99B$1.82B$1.35B$1.48B$1.81B$1.64B$1.23B$1.50B$1.56B$1.38B$982.40M$1.18B$1.32B$1.27B$958.20M$1.10B$1.42B
Avg Forecast$1.91B$2.17B$2.05B$1.38B$1.78B$2.07B$1.92B$1.37B$1.65B$1.93B$1.83B$1.31B$1.63B$1.99B$1.82B$1.24B$1.44B$1.66B$1.49B$1.07B$1.35B$1.41B$1.29B$900.08M$1.04B$1.27B$1.18B$893.05M$1.03B$1.26B
High Forecast$1.98B$2.25B$2.14B$1.44B$1.85B$2.15B$2.00B$1.42B$1.68B$2.01B$1.83B$1.31B$1.66B$2.04B$1.89B$1.29B$1.50B$1.66B$1.49B$1.07B$1.35B$1.41B$1.29B$900.08M$1.04B$1.27B$1.18B$893.05M$1.03B$1.26B
Low Forecast$1.78B$2.02B$1.91B$1.29B$1.66B$1.93B$1.79B$1.34B$1.60B$1.85B$1.83B$1.31B$1.61B$1.95B$1.70B$1.15B$1.34B$1.66B$1.49B$1.07B$1.35B$1.41B$1.29B$900.08M$1.04B$1.27B$1.18B$893.05M$1.03B$1.26B
# Analysts5454434810934714137668671171313889127
Surprise %------------0.99%1.00%1.00%1.10%1.03%1.09%1.10%1.15%1.11%1.10%1.07%1.09%1.14%1.04%1.08%1.07%1.07%1.13%

Martin Marietta Materials's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.31B, with a low forecast of $1.31B, and a high forecast of $1.31B. MLM's average Quarter revenue forecast represents a -18.47% decrease compared to the company's last Quarter revenue of $1.61B (Dec 23).

Martin Marietta Materials EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434810934714137668671171313889127
EBITDA------------$-13.00M$-2.00M$-14.90M$336.60M$278.60M$538.70M$631.90M$200.30M$662.80M$476.00M$424.10M$207.20M$337.90M$503.40M$408.60M$55.80M$186.84M$347.19M
Avg Forecast$538.88M$612.44M$580.43M$390.42M$503.68M$584.74M$542.90M$386.55M$467.26M$545.30M$518.39M$302.49M$459.55M$562.91M$513.93M$274.99M$677.00M$477.50M$429.23M$249.99M$388.12M$407.16M$370.45M$104.34M$298.15M$366.77M$340.05M$64.91M$296.92M$361.60M
High Forecast$560.39M$636.88M$603.60M$406.00M$523.78M$608.07M$564.56M$400.45M$475.70M$566.73M$518.39M$362.99M$467.96M$577.07M$534.44M$329.99M$812.40M$477.50M$429.23M$299.99M$388.12M$407.16M$370.45M$125.20M$298.15M$366.77M$340.05M$77.89M$296.92M$361.60M
Low Forecast$502.20M$570.75M$540.93M$363.85M$469.39M$544.94M$505.94M$378.21M$453.19M$523.88M$518.39M$241.99M$453.94M$551.61M$478.95M$219.99M$541.60M$477.50M$429.23M$199.99M$388.12M$407.16M$370.45M$83.47M$298.15M$366.77M$340.05M$51.93M$296.92M$361.60M
Surprise %-------------0.03%-0.00%-0.03%1.22%0.41%1.13%1.47%0.80%1.71%1.17%1.14%1.99%1.13%1.37%1.20%0.86%0.63%0.96%

13 analysts predict MLM's average Quarter EBITDA for Jun 23 to be $513.93M, with a high of $534.44M and a low of $478.95M. This is 52.68% upper than Martin Marietta Materials's previous annual EBITDA (Mar 23) of $336.60M.

Martin Marietta Materials Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434810934714137668671171313889127
Net Income------------$287.80M$430.20M$348.30M$121.40M$183.60M$295.30M$366.50M$21.40M$156.40M$254.60M$225.80M$65.30M$183.00M$294.40M$217.60M$25.90M$131.00M$248.57M
Avg Forecast$375.03M$498.46M$390.90M$149.26M$325.33M$447.98M$359.57M$126.22M$284.23M$383.08M$328.35M$33.04M$244.76M$370.98M$297.83M$30.04M$160.16M$284.96M$230.00M$27.31M$180.72M$261.41M$234.96M$32.88M$142.49M$231.34M$186.81M$30.13M$134.83M$216.83M
High Forecast$394.49M$524.32M$411.18M$157.00M$342.21M$471.22M$378.22M$147.54M$302.65M$402.95M$328.37M$39.65M$279.99M$389.40M$313.28M$36.05M$192.19M$284.96M$230.00M$32.77M$180.72M$261.41M$234.96M$39.46M$142.49M$231.34M$186.81M$36.15M$134.83M$216.83M
Low Forecast$341.85M$454.35M$356.31M$136.05M$296.55M$408.34M$327.75M$108.35M$269.50M$349.18M$328.34M$26.44M$225.60M$353.78M$271.48M$24.03M$128.13M$284.96M$230.00M$21.85M$180.72M$261.41M$234.96M$26.31M$142.49M$231.34M$186.81M$24.10M$134.83M$216.83M
Surprise %------------1.18%1.16%1.17%4.04%1.15%1.04%1.59%0.78%0.87%0.97%0.96%1.99%1.28%1.27%1.16%0.86%0.97%1.15%

Martin Marietta Materials's average Quarter net income forecast for Mar 24 is $33.04M, with a range of $26.44M to $39.65M. MLM's average Quarter net income forecast represents a -88.52% decrease compared to the company's last Quarter net income of $287.80M (Dec 23).

Martin Marietta Materials SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434810934714137668671171313889127
SG&A------------$118.70M$108.10M$111.60M$104.30M$100.70M$94.90M$104.10M$97.10M$102.80M$86.00M$82.40M$79.80M$84.90M$71.10M$71.20M$84.30M$73.74M$75.38M
Avg Forecast$123.24M$140.06M$132.75M$89.29M$115.19M$133.73M$124.16M$88.40M$106.86M$124.71M$118.56M$149.93M$105.10M$128.74M$117.54M$136.30M$105.00M$107.22M$96.38M$123.91M$87.15M$91.42M$83.18M$40.18M$66.95M$82.35M$76.35M$98.06M$66.67M$81.19M
High Forecast$128.16M$145.65M$138.04M$92.85M$119.79M$139.07M$129.12M$91.58M$108.79M$129.61M$118.56M$179.92M$107.02M$131.98M$122.23M$163.56M$126.00M$107.22M$96.38M$148.69M$87.15M$91.42M$83.18M$48.22M$66.95M$82.35M$76.35M$117.68M$66.67M$81.19M
Low Forecast$114.85M$130.53M$123.71M$83.21M$107.35M$124.63M$115.71M$86.50M$103.64M$119.81M$118.56M$119.95M$103.82M$126.15M$109.54M$109.04M$84.00M$107.22M$96.38M$99.13M$87.15M$91.42M$83.18M$32.15M$66.95M$82.35M$76.35M$78.45M$66.67M$81.19M
Surprise %------------1.13%0.84%0.95%0.77%0.96%0.89%1.08%0.78%1.18%0.94%0.99%1.99%1.27%0.86%0.93%0.86%1.11%0.93%

Martin Marietta Materials's average Quarter SG&A projection for Mar 24 is $149.93M, based on 4 Wall Street analysts, with a range of $119.95M to $179.92M. The forecast indicates a 26.31% rise compared to MLM last annual SG&A of $118.70M (Dec 23).

Martin Marietta Materials EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434810934714137668671171313889127
EPS------------$4.66$6.96$5.63$1.96$2.96$4.74$5.87$0.34$2.51$4.08$3.62$1.05$2.94$4.72$3.49$0.42$2.10$3.97
Avg Forecast$6.12$8.13$6.38$2.43$5.31$7.31$5.87$2.06$4.64$6.25$5.36$1.86$3.99$6.05$4.86$0.98$3.08$4.63$3.73$0.62$2.93$4.24$3.81$0.49$2.31$3.76$3.03$0.50$2.19$3.52
High Forecast$6.44$8.55$6.71$2.56$5.58$7.69$6.17$2.41$4.94$6.57$5.36$1.86$4.57$6.35$5.11$1.03$3.24$4.63$3.73$0.62$2.93$4.24$3.81$0.49$2.31$3.76$3.03$0.50$2.19$3.52
Low Forecast$5.58$7.41$5.81$2.22$4.84$6.66$5.35$1.77$4.40$5.70$5.36$1.85$3.68$5.77$4.43$0.89$2.81$4.63$3.73$0.62$2.93$4.24$3.81$0.49$2.31$3.76$3.03$0.50$2.19$3.52
Surprise %------------1.17%1.15%1.16%2.01%0.96%1.02%1.57%0.54%0.86%0.96%0.95%2.15%1.27%1.26%1.15%0.84%0.96%1.13%

According to 4 Wall Street analysts, Martin Marietta Materials's projected average Quarter EPS for Mar 24 is $1.86, with a low estimate of $1.85 and a high estimate of $1.86. This represents a -60.13% decrease compared to MLM previous annual EPS of $4.66 (Dec 23).

Martin Marietta Materials Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CXCEMEX$5.62$7.9741.81%Buy
MLMMartin Marietta Materials$544.78$635.2016.60%Buy
EXPEagle Materials$266.40$291.299.34%Buy
VMCVulcan Materials Company$272.65$290.006.36%Buy
CRHCRH$97.23$99.001.82%Buy
SUMSummit Materials$50.77$48.25-4.96%Buy

MLM Forecast FAQ

Is Martin Marietta Materials a good buy?

Yes, according to 13 Wall Street analysts, Martin Marietta Materials (MLM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 84.62% of MLM's total ratings.

What is MLM's price target?

Martin Marietta Materials (MLM) average price target is $635.2 with a range of $575 to $680, implying a 19.02% from its last price of $533.69. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Martin Marietta Materials stock go up soon?

According to Wall Street analysts' prediction for MLM stock, the company can go up by 19.02% (from the last price of $533.69 to the average price target of $635.2), up by 27.41% based on the highest stock price target, and up by 7.74% based on the lowest stock price target.

Can Martin Marietta Materials stock reach $800?

MLM's average twelve months analyst stock price target of $635.2 does not support the claim that Martin Marietta Materials can reach $800 in the near future.

What are Martin Marietta Materials's analysts' financial forecasts?

Martin Marietta Materials's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.14B (high $7.42B, low $6.72B), average EBITDA is $2.02B (high $2.1B, low $1.9B), average net income is $1.26B (high $1.34B, low $1.14B), average SG&A $461.48M (high $479.55M, low $434.18M), and average EPS is $20.54 (high $21.85, low $18.61). MLM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.51B (high $7.81B, low $7B), average EBITDA is $2.12B (high $2.21B, low $1.98B), average net income is $1.41B (high $1.49B, low $1.29B), average SG&A $485.34M (high $504.71M, low $452.31M), and average EPS is $23.06 (high $24.26, low $21.02).

Did the MLM's actual financial results beat the analysts' financial forecasts?

Based on Martin Marietta Materials's last annual report (Dec 2023), the company's revenue was $6.78B, beating the average analysts forecast of $6.67B by 1.55%. Apple's EBITDA was $-28.4M, missing the average prediction of $1.81B by -101.57%. The company's net income was $1.2B, beating the average estimation of $943.61M by 27.20%. Apple's SG&A was $442.8M, missing the average forecast of $487.67M by -9.20%. Lastly, the company's EPS was $19.39, beating the average prediction of $15.88 by 22.10%. In terms of the last quarterly report (Dec 2023), Martin Marietta Materials's revenue was $1.61B, missing the average analysts' forecast of $1.63B by -1.12%. The company's EBITDA was $-13M, missing the average prediction of $459.55M by -102.83%. Martin Marietta Materials's net income was $287.8M, beating the average estimation of $244.76M by 17.58%. The company's SG&A was $118.7M, beating the average forecast of $105.1M by 12.94%. Lastly, the company's EPS was $4.66, beating the average prediction of $3.99 by 16.71%