Jefferies Stick to Their Buy Rating for Martin Marietta Materials
Investing.com
Published Aug 25, 2021 09:05AM ET
Jefferies (NYSE:JEF) analyst Philip Ng maintained a Buy rating on Martin Marietta Materials (NYSE:MLM) on Wednesday, setting a price target of $440, which is approximately 16.01% above the present share price of $379.28.
Ng expects Martin Marietta Materials to post earnings per share (EPS) of $3.62 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Martin Marietta Materials, with an average price target of $401.
The analysts price targets range from a high of $440 to a low of $375.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.38 billion and a net profit of $316.8 million. The company's market cap is $23.66 billion.
According to TipRanks.com, Jefferies analyst Philip Ng is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.8% and a 72.00% success rate.
Martin Marietta Materials, Inc. engages in the provision of aggregates including crushed stone, sand, and gravel through its network of quarries and distribution yards. It operates through the following geographical segments: Mid-America Group, Southeast Group, and West Group. The Mid-America Group and Southeast Group segments provide aggregates products only. The West Group offers aggregates, as well as cement and downstream products including mixed concrete, asphalt, and paving services. The company was founded in November 1993 and is headquartered in Raleigh, NC.
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Written By: Investing.com
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