Lockheed Martin Corporation (LMT) Stock Rating Upgraded by BidaskClub
Lockheed Martin Corporation (NYSE:LMT) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday.
A number of other analysts have also weighed in on the company. Zacks Investment Research lowered Lockheed Martin Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Credit Suisse Group reissued a “neutral” rating and set a $300.00 price objective (up previously from $280.00) on shares of Lockheed Martin Corporation in a research note on Wednesday, July 19th. 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 Tuesday, May 9th. Stifel Nicolaus reissued a “buy” rating and set a $320.00 price objective (up previously from $300.00) on shares of Lockheed Martin Corporation in a research note on Wednesday, July 19th. Finally, Argus reissued a “buy” rating and set a $320.00 price objective (up previously from $100.00) on shares of Lockheed Martin Corporation in a research note on Wednesday, July 19th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $289.39.
Shares of Lockheed Martin Corporation (NYSE LMT) opened at 303.75 on Friday. The company’s 50-day moving average is $288.81 and its 200 day moving average is $274.31. The firm has a market capitalization of $87.48 billion, a P/E ratio of 17.62 and a beta of 0.60. Lockheed Martin Corporation has a 52-week low of $228.50 and a 52-week high of $307.10.
Lockheed Martin Corporation (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 18th. The aerospace company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.13. Lockheed Martin Corporation had a net margin of 10.37% and a return on equity of 221.92%. The business had revenue of $12.69 billion for the quarter, compared to analysts’ expectations of $12.43 billion. During the same period last year, the business earned $3.32 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that Lockheed Martin Corporation will post $12.63 EPS for the current fiscal year.
In other Lockheed Martin Corporation news, SVP Maryanne Lavan sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $290.11, for a total value of $2,901,100.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Marillyn A. Hewson sold 26,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $290.53, for a total value of $7,553,780.00. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.
About Lockheed Martin Corporation
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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