Brokerage Firm Rating Update on Martin Marietta Materials (MLM)

Martin Marietta Materials (MLM) has an average broker rating of 2.2, which is interpreted as a Buy, as rated by 5 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Martin Marietta Materials (MLM) : 5 investment research analysts covering Martin Marietta Materials (MLM) have an average price target of $198.8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $235 and the lowest target is $166 for the short term. Analysts expect the variance to be within $29.76 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Martin Marietta Materials (NYSE:MLM). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Goldman Sachs raises the price target from $191 per share to $209 per share. The rating by the firm was issued on June 8, 2016.

Martin Marietta Materials (NYSE:MLM): stock was range-bound between the intraday low of $180.02 and the intraday high of $183.43 after having opened at $180.95 on Wednesdays session. The stock finally closed in the red at $180.95, a loss of -0.03%. The stock remained in the red for the whole trading day. The total traded volume was 620,162 shares. The stock failed to cross $183.43 in Wednesdays trading. The stocks closing price on Thursday was $180.95.

Martin Marietta Materials, Inc. is a supplier of aggregates products (crushed stone, sand, and gravel) and heavy building materials (cement) for the construction industry, including infrastructure, non-residential, residential, railroad ballast, agricultural and chemical grade stone used in environmental applications. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Companys Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. The Companys Cement Business is engaged in producing Portland and specialty cements, such as masonry and oil well cements. The Companys Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.

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