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New Buy Rating for Martin Marietta Materials (MLM), the Basic Materials Giant

Tipranks - Tipranks - Fri Feb 13, 9:06AM CST

Jefferies analyst Philip Ng maintained a Buy rating on Martin Marietta Materials today and set a price target of $761.00.

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According to TipRanks, Ng is a 5-star analyst with an average return of 12.3% and a 61.52% success rate. Ng covers the Consumer Cyclical sector, focusing on stocks such as Crown Holdings, Installed Building Products, and Mohawk.

In addition to Jefferies, Martin Marietta Materials also received a Buy from Barclays’s Adam Seiden in a report issued today. However, on the same day, Wells Fargo maintained a Hold rating on Martin Marietta Materials (NYSE: MLM).

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Based on Martin Marietta Materials’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.85 billion and a net profit of $414 million. In comparison, last year the company earned a revenue of $1.89 billion and had a net profit of $363 million

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