Barclays Sticks to Their Hold Rating for Martin Marietta Materials (MLM)

By Austin Angelo

In a report released yesterday, Adam Seiden from Barclays maintained a Hold rating on Martin Marietta Materials (MLMResearch Report), with a price target of $284.00. The company’s shares closed last Monday at $265.83, close to its 52-week high of $275.99.

According to TipRanks.com, Seiden is a 3-star analyst with an average return of 2.0% and a 56.5% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Welbilt Inc, and Terex Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Martin Marietta Materials with a $282.20 average price target, a 6.2% upside from current levels. In a report released yesterday, Merrill Lynch also upgraded the stock to Hold.

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The company has a one-year high of $275.99 and a one-year low of $150.75. Currently, Martin Marietta Materials has an average volume of 562.8K.

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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 geographic segments: Mid-America Group, Southeast Group, and West Group. The Mid-America Group and Southeast Group segments provide aggregates products only.