News coverage about Martin Marietta Materials (NYSE:MLM) has been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Martin Marietta Materials earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.3359379160219 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- IHS Markit Score Update: Rise in demand for ETFs holding Martin Marietta Materials Inc is a positive for its shares (finance.yahoo.com)
- Tyson Foods Becomes #232 Most Shorted S&P 500 Component, Replacing Martin Marietta Materials (marketnewsvideo.com)
- IHS Markit Score Update: Drop in demand for ETFs holding Martin Marietta Materials Inc is a negative sign for its shares (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Martin Marietta Materials Inc. (finance.yahoo.com)
- Martin Marietta Materials, Inc. – Value Analysis (NYSE:MLM) : August 7, 2017 (finance.yahoo.com)
Several research analysts have issued reports on MLM shares. Stifel Nicolaus lifted their price target on shares of Martin Marietta Materials from $258.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Stephens lifted their price target on shares of Martin Marietta Materials from $246.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 4th. Zacks Investment Research lowered shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Finally, BidaskClub upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $229.67.
Martin Marietta Materials (NYSE:MLM) traded down 0.98% during trading on Friday, reaching $204.77. 523,317 shares of the company’s stock traded hands. Martin Marietta Materials has a 12 month low of $167.06 and a 12 month high of $244.32. The firm’s 50 day moving average is $221.66 and its 200 day moving average is $222.91. The company has a market cap of $12.87 billion, a P/E ratio of 29.47 and a beta of 1.14.
Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Tuesday, August 1st. The construction company reported $2.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by $0.13. The firm had revenue of $996.30 million during the quarter, compared to analyst estimates of $1.01 billion. Martin Marietta Materials had a return on equity of 10.69% and a net margin of 11.19%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $1.90 earnings per share. Analysts anticipate that Martin Marietta Materials will post $7.14 EPS for the current year.
Martin Marietta Materials Company Profile
Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.
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