Martin Marietta Materials, Inc. with ticker code (MLM) have now 21 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 480 and 350 with the average target price sitting at $422.05. Given that the stocks previous close was at $356.80 and the analysts are correct then we can expect a percentage increase in value of 18.3%. The 50 day moving average now sits at $350.11 and the 200 moving average now moves to $343.94. The total market capitalization for the company now stands at $22,226m. Company Website: https://www.martinmarietta.com
The potential market cap would be $26,291m based on the market consensus.
Martin Marietta Materials, Inc., 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; dolomitic lime primarily to customers for steel production and soil stabilization; and cement treated materials. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. Martin Marietta Materials, Inc. was founded in 1939 and is headquartered in Raleigh, North Carolina.
The company has a dividend yield of 0.74% with the ex dividend date set at 3-3-2023 (DMY).
Other points of data to note are a P/E ratio of 26.17, revenue per share of 91.98 and a 4.62% return on assets.
