Stock To Watch: Martin Marietta Materials, Inc. (NYSE:MLM)


The leading market experts have placed a mean price target of $208.33 on Martin Marietta Materials, Inc. (NYSE:MLM) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.83 a share for the upcoming quarter and $7.26 for the current fiscal.

Technical View

The technical analysis of Martin Marietta Materials, Inc. plainly substantiates that the 50-day moving average of Martin Marietta Materials, Inc. is $196.08, and stock is trading $0.38 points away or +0.20% from its 50-day moving average of $196.08. Further it is trading $25.78 or +15.10% away its 200-day moving average of $170.68. Martin Marietta Materials, Inc. (NYSE:MLM) 52-week high is $206.36 and the 52-week low is $108.31.

This explains if the stock moves $-9.90, it will post a 52-week high. In event of +81.39% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Martin Marietta Materials, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Martin Marietta Materials, Inc. (NYSE:MLM) ratio came in at 35.00.

The stock last ended the trading session at $196.46 and registered a market cap of $12.46B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Martin Marietta Materials, Inc. (NYSE:MLM) PEG ratio is at 1.17.

1 Chart Pattern Every Investor Should Know

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