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Analysts at Stifel Nicolaus upped their target price on shares of Martin Marietta Materials (NYSE:MLM) from $135.00 to $146.00 in a research report issued to clients and investors on Thursday. Stifel Nicolaus’ target price points to a potential upside of 16.10% from the stock’s previous close.

A number of other analysts have also recently weighed in on MLM. Analysts at Jefferies Group cut their price target on shares of Martin Marietta Materials from $128.00 to $126.00 in a research note on Friday, July 18th. They now have a “hold” rating on the stock. Separately, analysts at Goldman Sachs upgraded shares of Martin Marietta Materials from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, July 10th. Finally, analysts at DA Davidson reiterated a “neutral” rating on shares of Martin Marietta Materials in a research note on Thursday, July 3rd. They now have a $130.00 price target on the stock, up previously from $125.00. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $125.28.

Martin Marietta Materials (NYSE:MLM) traded up 1.22% during mid-day trading on Thursday, hitting $125.75. 1,034,003 shares of the company’s stock traded hands. Martin Marietta Materials has a 52-week low of $94.01 and a 52-week high of $136.36. The stock has a 50-day moving average of $129.8 and a 200-day moving average of $122.6. The company has a market cap of $5.835 billion and a P/E ratio of 39.72.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.31 by $0.03. The company had revenue of $669.20 million for the quarter, compared to the consensus estimate of $624.30 million. During the same quarter last year, the company posted $0.89 earnings per share. Martin Marietta Materials’s revenue was up 19.2% compared to the same quarter last year. Analysts expect that Martin Marietta Materials will post $3.75 EPS for the current fiscal year.

Martin Marietta Materials, Inc, is the producer of aggregates products (NYSE:MLM) for the construction industry, including infrastructure, nonresidential, residential, railroad ballast, agricultural, and chemical grade stone used in environmental applications.

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