Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Martin Marietta Materials Inc. (NYSE: MLM) weakened during the last several trading days. MLM’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Martin Marietta Materials Inc. (NYSE: MLM) stock rose modestly by 0.6% on 11/10/23. The stock closed at $453.87. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MLM is expected to continue to be an important Value Builder.
Martin Marietta Materials has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Martin Marietta Materials has a slightly negative Appreciation Score of 33 but a very high Power Rating of 89, with the High Neutral Value Trend Rating the result.
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