Expert Outlook: Martin Marietta Materials Through The Eyes Of 10 Analysts
Portfolio Pulse from Benzinga Insights
Martin Marietta Materials (NYSE:MLM) received mixed ratings from 10 analysts, with an updated average 12-month price target of $615.5, marking a 15.43% increase from the previous target. Analysts from firms like Truist Securities, JP Morgan, and Goldman Sachs have raised their price targets, reflecting optimism about MLM's financial performance, including a solid revenue growth rate of 8.92% and an impressive net margin of 19.49%. However, the company faces challenges with a high debt-to-equity ratio of 0.59.
April 02, 2024 | 2:00 pm
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Martin Marietta Materials received mixed analyst ratings with a raised average 12-month price target of $615.5, reflecting a positive outlook based on its financial performance, including revenue growth and net margin.
The raised price targets and positive financial indicators like revenue growth and net margin suggest a bullish outlook for MLM. However, the high debt-to-equity ratio introduces caution, potentially moderating the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100