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Martin Marietta Materials (MLM) Receives a Hold from RBC Capital

Tipranks - Tipranks - Tue May 5, 6:52AM CDT

RBC Capital analyst Anthony Codling maintained a Hold rating on Martin Marietta Materials on May 1 and set a price target of $615.00. The company’s shares closed last Friday at $614.49.

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According to TipRanks, Codling is a 4-star analyst with an average return of 7.2% and a 58.87% success rate. Codling covers the Consumer Cyclical sector, focusing on stocks such as Vistry Group, MJ Gleeson PLC, and Taylor Wimpey.

Currently, the analyst consensus on Martin Marietta Materials is a Moderate Buy with an average price target of $690.92.

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Based on Martin Marietta Materials’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.36 billion and a net profit of $1.51 billion. In comparison, last year the company earned a revenue of $1.35 billion and had a net profit of $116 million

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