Martin Marietta Materials with ticker code (MLM) have now 19 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 525 and 365 calculating the average target price we see 451.21. With the stocks previous close at 316.47 this indicates there is a potential upside of 42.6%. The 50 day moving average now sits at 346.96 while the 200 day moving average is 380.1. The company has a market capitalisation of $19,860m. Visit the company website at: https://www.martinmarietta.com
The potential market cap would be $28,316m based on the market concensus.
Martin Marietta Materials, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries. The company also produces magnesia-based chemicals products that are used in industrial, agricultural, and environmental applications; and dolomitic lime primarily to customers for steel production and soil stabilization. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. The company was founded in 1939 and is headquartered in Raleigh, North Carolina.
