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MLM

Martin Marietta

$174.81

-2.59 (-1.46%)

07:02
11/06/18
11/06
07:02
11/06/18
07:02

Martin Marietta sees FY18 revenue $4.135B-$4.255B, consensus $4.08B

Sees FY18 adjusted gross profit $980M- $1.020B; Adjusted EBITDA $1.100B-$1.145B; and Capital expenditures $375M-$375M.

  • 06

    Nov

MLM Martin Marietta
$174.81

-2.59 (-1.46%)

10/11/18
DADA
10/11/18
NO CHANGE
Target $200
DADA
Neutral
Martin Marietta price target lowered to $200 from $225 at DA Davidson
DA Davidson analyst Brent Thielman lowered his price target on Martin Marietta to $200 and kept his Neutral rating, also lowering his FY18 EPS view to $8.74 from $9.35 and FY19 view to $10.63 from $11.50. The analyst cites the "anticipated weather-related headwinds in the quarter", particularly in Texas and also the select Midwest/Mid-Atlantic markets. Thielman adds that along with the project delays in related territories and the increases in variable costs, his prior forecasts were likely "too optimistic".
10/17/18
BOFA
10/17/18
DOWNGRADE
BOFA
Neutral
Martin Marietta downgraded to Neutral from Buy at BofA/Merrill
10/17/18
BOFA
10/17/18
DOWNGRADE
Target $179
BOFA
Neutral
Martin Marietta downgraded to Neutral at BofA/Merrill
As previously reported, BofA/Merrill downgraded Martin Marietta to Neutral from Buy and cut its price target to $179 from 225. Analyst Timna Tanners thinks increased hurricane activity and unusually heavy rains have contributed to disappointing volumes and a lower multiple is more appropriate given lack of catalysts and concerns the US construction cycle is nearing a peak.
10/29/18
NOMU
10/29/18
INITIATION
Target $220
NOMU
Buy
Martin Marietta initiated with a Buy at Nomura Instinet
Nomura Instinet analyst Michael Wood started Martin Marietta with a Buy rating and $220 price target. The analyst prefers Martin Marietta in the aggregates industry based on improving spending in Texas, which he believes will drive better pricing power and resulting margin leverage. He sees 36% potential upside from current share levels.

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