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Martin Marietta Materials (MLM): New Buy Recommendation for This Basic Materials Giant

Tipranks - Tipranks - Tue Mar 10, 7:31AM CDT

Morgan Stanley analyst Angel Castillo maintained a Buy rating on Martin Marietta Materials today and set a price target of $702.00.

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Castillo covers the Industrials sector, focusing on stocks such as Oshkosh, Caterpillar, and Terex. According to TipRanks, Castillo has an average return of 0.0% and a 49.38% success rate on recommended stocks.

In addition to Morgan Stanley, Martin Marietta Materials also received a Buy from UBS’s Steven Fisher in a report issued on March 6. However, on March 3, J.P. Morgan 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 December 31, the company reported a quarterly revenue of $1.53 billion and a net profit of $279 million. In comparison, last year the company earned a revenue of $1.63 billion and had a net profit of $294 million

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