Analysts have trimmed the fair value estimate for Martin Marietta Materials from US$700.04 to US$683.09, reflecting lower revenue growth and net profit margin assumptions. The revenue growth assumption was adjusted from 10.26% to 8.95%, while the net profit margin assumption was reduced from 20.51% to 19.08%. The future P/E multiple assumption was raised from 31.49x to 32.55x, and the discount rate was lowered from 8.23% to 8.18%. Berenberg initiated coverage with a Hold rating and a US$556 price target, citing valuation concerns despite the attractiveness of the aggregates market, while Oppenheimer maintained a Perform rating without a price target, pointing to interest rate and housing market risks.
Martin Marietta Materials IncAnalysts cut fair value estimate and lowered revenue growth and net profit margin assumptions.