Lockheed Martin Corporation (NYSE:LMT)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group LLC in a research note issued on Friday. They currently have a $240.00 price objective on the aerospace company’s stock. Jefferies Group LLC’s target price would indicate a potential downside of 16.81% from the stock’s previous close.
Several other research firms have also commented on LMT. BidaskClub lowered shares of Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Royal Bank Of Canada reissued a “hold” rating and set a $263.00 price objective on shares of Lockheed Martin Corporation in a research note on Wednesday, July 12th. Stifel Nicolaus upped their price objective on shares of Lockheed Martin Corporation from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research downgraded shares of Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Finally, Cowen and Company reissued a “hold” rating and set a $265.00 price objective on shares of Lockheed Martin Corporation in a research note on Tuesday, April 25th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $280.39.
Lockheed Martin Corporation (LMT) opened at 288.49 on Friday. Lockheed Martin Corporation has a 1-year low of $228.50 and a 1-year high of $290.06. The firm has a 50-day moving average of $278.05 and a 200-day moving average of $266.57. The stock has a market capitalization of $83.50 billion, a price-to-earnings ratio of 16.70 and a beta of 0.60.
Lockheed Martin Corporation (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 25th. The aerospace company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.76 by $0.24. The business had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.22 billion. Lockheed Martin Corporation had a net margin of 10.49% and a return on equity of 183.15%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.91 earnings per share. Equities research analysts anticipate that Lockheed Martin Corporation will post $12.53 EPS for the current year.
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In other Lockheed Martin Corporation news, insider Richard F. Ambrose sold 9,316 shares of the stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $271.11, for a total transaction of $2,525,660.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.39% of the company’s stock.
Lockheed Martin Corporation Company Profile
Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.
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