Martin Marietta (NYSE:MLM) has been downgraded from Buy to Neutral in a statement by Goldman Sachs earlier today.
- Updated: October 11, 2016
Goldman Sachs has downgraded Martin Marietta (NYSE:MLM) from Buy to Neutral in a statement released on 10/11/2016.
Boasting a price of $171.25, Martin Marietta (NYSE:MLM) traded -0.88% lower on the day. With the last close down -7.54% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Martin Marietta has recorded a 50-day average of $181.51 and a two hundred day average of $183.60. Volume of trade was down over the average, with 312,622 shares of MLM changing hands under the typical 617,358
With a total market value of $0, Martin Marietta has price-earnings ratio of 30.24 with a one year low of $108.31 and a one year high of $206.36 .
A total of 13 analysts have released a research note on MLM. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $194.62.
More About Martin Marietta (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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