Martin Marietta Materials, Inc. (MLM) Stock Forecast & Predictions

Martin Marietta Materials, Inc. MLM: $341.9

2710 Wycliff Rd, Raleigh, North Carolina, US. | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.martinmarietta.com/

  • Market Cap$20.91B
  • Change (52 Weeks)60.20%
  • Low (52 Weeks)$197.21
  • Martin Marietta Materials, Inc. (MLM) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Martin Marietta Materials, Inc. (MLM) stock price is $341.9 and the 52 weeks low is $197.21, which means the Martin Marietta Materials, Inc. stock price is up 60.20% in the last 12 months.

    Martin Marietta Materials, Inc. (MLM) Stock Price has been Trending Strongly with an ADX reading of 33.60 as per the Weekly Chart.

    A Upward trend indicates that Martin Marietta Materials, Inc. (MLM) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that MLM Stock price might rise further, 18.75% indicating that MLM Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall MLM stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Martin Marietta Materials, Inc. (MLM) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Martin Marietta Materials, Inc. (MLM) is based on 27 Institutional Analyst Ratings where 22.22% are on Strong Buy, 22.22% on Moderate Buy, 55.56% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 27 Institutional Analysts, majority recommended MLM stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Martin Marietta Materials, Inc..

    Martin Marietta Materials, Inc. (MLM) Stock Price Prediction By Analysts


    HighLowAverage
    $457.80$287.85$386.32
    $386.3212.99% Upside
    Updated: 2021-06-18 00:00:00

    The Average Price target for MLM set by the institutional analysts is $386.32 where High Estimate is $457.80, Median $392.7 and Low $287.85.

    The average price target for MLM by Institutional Analysts is $386.32, which is 12.99% Upside from the current price. So according to the Institutional Analysts, MLM Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Martin Marietta Materials, Inc. (MLM) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 433,085 investor portfolio.

    Our algorithm has analysed 433,085 investor portfolio with MLM stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about MLM and holding their positions hoping for a further rise in the stock price and more profit.

    Martin Marietta Materials, Inc. (MLM) Stock Forecast Based on News Sentiment


    Neutral
    Based on 4 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of MLM consisting of positive and negative, it shows that Martin Marietta Materials, Inc. had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so MLM stock price most likey won't have any reaction to last weeks news coverage.

    Martin Marietta Materials, Inc. (MLM) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    JP MorganNeutralMaintained
    Morgan StanleyOverweightMaintained
    BarclaysEqual-WeightMaintained
    Morgan StanleyOverweightMaintained
    Morgan StanleyOverweightMaintained
    DA DavidsonNeutralMaintained
    Raymond JamesMarket PerformInitiated
    Morgan StanleyOverweightMaintained
    Morgan StanleyOverweightInitiated
    UBSNeutralInitiated
    Goldman SachsNeutralDowngraded
    JefferiesHoldDowngraded
    B of A SecuritiesNeutralDowngraded
    Deutsche BankBuyUpgraded
    ScotiaBankSector PerformMaintained
    BMO CapitalOutperformInitiated
    JP MorganNeutralDowngraded
    CitigroupBuyMaintained
    Atlantic EquitiesOverweightInitiated
    JP MorganOverweightUpgraded
    CFRABuyMaintained
    JP MorganNeutralDowngraded
    DA DavidsonNeutralDowngraded
    NomuraBuyMaintained
    Stephens & Co.Equal-WeightMaintained
    Deutsche BankHoldMaintained
    Goldman SachsBuyMaintained
    B of A SecuritiesBuyUpgraded
    Stephens & Co.Equal-WeightDowngraded
    Deutsche BankHoldMaintained
    Stephens & Co.OverweightMaintained
    CitigroupBuyMaintained
    Stephens & Co.OverweightMaintained
    Loop CapitalHoldInitiated
    CitigroupBuyInitiated
    Deutsche BankHoldInitiated
    SunTrust Robinson HumphreyBuyMaintained
    Stifel NicolausBuyMaintained
    SunTrust Robinson HumphreyBuyMaintained
    Bank of AmericaNeutralUpgraded
    JP MorganOverweightMaintained
    Longbow ResearchBuyMaintained
    DA DavidsonBuyUpgraded
    CitigroupBuyMaintained
    Bank of AmericaUnderperformDowngraded
    Goldman SachsBuyUpgraded
    BerenbergHoldInitiated
    JP MorganOverweightInitiated
    Stephens & Co.OverweightUpgraded
    Deutsche BankBuyMaintained
    CitigroupBuyMaintained
    Deutsche BankBuyInitiated
    CitigroupBuyMaintained
    Bank of AmericaNeutralDowngraded
    DA DavidsonNeutralMaintained
    CitigroupBuyMaintained
    Stifel NicolausBuyMaintained
    Bank of AmericaBuyMaintained
    Bank of AmericaBuyMaintained
    BarclaysEqual-WeightMaintained
    Bank of AmericaBuyUpgraded
    CitigroupBuyMaintained
    BarclaysEqual-WeightInitiated
    Bank of AmericaNeutralMaintained
    CitigroupBuyMaintained
    Cleveland ResearchBuyUpgraded
    CitigroupBuyInitiated
    Stephens & Co.Equal-WeightDowngraded
    Bank of AmericaNeutralDowngraded
    SunTrust Robinson HumphreyBuyUpgraded
    Goldman SachsNeutralDowngraded
    Goldman SachsBuyMaintained
    Longbow ResearchBuyUpgraded
    BB&T CapitalBuyUpgraded
    SusquehannaPositiveUpgraded
    Stifel NicolausBuyMaintained
    JefferiesHoldMaintained
    DA DavidsonNeutralMaintained
    Bank of AmericaBuyInitiated
    JefferiesHoldMaintained
    JefferiesHoldInitiated
    Stifel NicolausBuyUpgraded
    Longbow ResearchNeutralDowngraded
    Goldman SachsBuyInitiated
    JefferiesBuyMaintained
    JefferiesBuyMaintained
    Longbow ResearchBuyUpgraded
    Sterne AgeeBuyMaintained
    KeyBancHoldDowngraded
    Stephens & Co.OverweightUpgraded
    KeyBancBuyUpgraded
    JefferiesBuyMaintained
    DA DavidsonUnderperformDowngraded
    Longbow ResearchNeutralDowngraded

    Martin Marietta Materials, Inc. (MLM) Stock Earning Per Share (EPS) Forecast / Estimate


    $4.478
    The average consensus EPS for MLM is $4.478 with a high estimate of $4.893 and Low of $4.008 for the period 2021-09-30 and based on 21 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $1.04$0.508032021-03-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$4.00155940000000052021-06-30
    $1.04$0.508032021-03-31
    $2.93$2.32560582020-12-31
    $3.85$3.80096332020-09-30
    $3.49$3.0496952020-06-30
    $0.41$0.49418292020-03-31
    $2.09$2.21102132019-12-31
    $3.96$3.54129232019-09-30
    $3.2$3.21390080000000022019-06-30
    $0.47$0.34737942019-03-31
    $1.5$1.75787472018-12-31
    $3.06$2.8103252018-09-30
    $3.04$2.87694460000000032018-06-30
    $0.16$0.221422300000000022018-03-31
    $1.88$1.4821752017-12-31
    $2.39$2.47489392017-09-30
    $2.25$2.38696332017-06-30
    $0.67$0.398952017-03-31
    $1.55$1.63803822016-12-31
    $2.49$2.64031170000000032016-09-30
    $1.9$2.022016-06-30
    $0.69$0.3610752016-03-31
    $1.15$1.35916712015-12-31
    $2.04$2.17072230000000042015-09-30
    $1.24$1.62843309999999992015-06-30
    $0.09$0.11326142015-03-31
    $0.99$0.82964432014-12-31
    $1.45$1.71332362014-09-30
    $1.34$1.32465542014-06-30
    $-0.35$-0.344238300000000052014-03-31
    $0.78$0.70975729999999992013-12-31
    $1.55$1.47965000000000012013-09-30
    $0.88$1.14132013-06-30
    $-0.6$-0.36048922013-03-31
    $0.46$0.486961400000000042012-12-31
    $1.36$1.27404430000000012012-09-30
    $0.91$1.015052012-06-30
    $-0.29$-0.244561399999999982012-03-31
    $0.38$0.395162499999999972011-12-31
    $1.11$1.10406132011-09-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).