Martin Marietta Materials, Inc. (NYSE:MLM) target bumped down to $202.00, released a ratings update today by Goldman Sachs Group Inc.
- Updated: October 16, 2016
In a report issued 10/11/2016 Goldman Sachs Group Inc. reduced the stock price target of Martin Marietta Materials, Inc. (NYSE:MLM) from $210.00 to $202.00 stating a potential upside of 0.18%.
Displaying a price of $171.25, Martin Marietta Materials, Inc. (NYSE:MLM) traded 0.82% higher on the day. With the last closing price down -5.49% from the two hundred day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Martin Marietta Materials, Inc. has recorded a 50-day moving average of $178.86 and a 200-day moving average of $183.46. 626,548 shares of the stock were exchanged, down from an average trading volume of 630,705
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Martin Marietta Materials, Inc. has a price-earnings ratio of 30.89 with a one year low of $108.31 and a one year high of $206.36 MLM’s total market value is currently $0.
Also covering Martin Marietta Materials, Inc.'s target, a total of 13 analysts have released a research note on the stock. The consensus target price is $194.62 with 0 brokerages rating the stock a strong buy, 0 brokers rating the stock a buy, zero analysts rating the stock a hold, 0 equity analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.
About Martin Marietta Materials, Inc. (NYSE:MLM)
Martin Marietta Materials, Inc. is a supplier of aggregates products (crushed stone, sand and gravel) for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Company conducts its Aggregates business through three segments: the Mid-America Group, Southeast Group, and West Group. The Company's Cement business operates through the Cement segment. The Company's Magnesia Specialties segment includes its magnesia-based chemicals and dolomitic lime businesses. Its Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. Its Cement business is engaged in producing Portland and specialty cements. In addition, aggregates products are used for railroad ballast and in agricultural, utility and environmental applications.
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