Stifel Nicolaus Thinks Martin Marietta Materials’ Stock is Going to Recover

Stifel Nicolaus analyst Stanley Elliott maintained a Buy rating on Martin Marietta Materials (MLMResearch Report) on July 8 and set a price target of $414.00. The company’s shares closed last Friday at $307.44, close to its 52-week low of $284.99.

According to, Elliott is a 5-star analyst with an average return of 11.7% and a 57.5% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Masonite International, Beacon Roofing Supply, and Construction Partners.

Currently, the analyst consensus on Martin Marietta Materials is a Strong Buy with an average price target of $424.14, implying a 36.2% upside from current levels. In a report issued on July 1, D.A. Davidson also maintained a Buy rating on the stock with a $375.00 price target.

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The company has a one-year high of $446.46 and a one-year low of $284.99. Currently, Martin Marietta Materials has an average volume of 463.7K.

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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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