Lockheed Martin (NYSE:LMT) Given New $611.00 Price Target at Deutsche Bank Aktiengesellschaft

Lockheed Martin (NYSE:LMTGet Free Report) had its price target boosted by research analysts at Deutsche Bank Aktiengesellschaft from $492.00 to $611.00 in a research report issued on Friday,MarketScreener reports. The firm currently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential downside of 4.16% from the company’s previous close.

A number of other brokerages have also commented on LMT. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Citigroup raised their price objective on shares of Lockheed Martin from $505.00 to $592.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. TD Cowen raised their price target on shares of Lockheed Martin from $520.00 to $600.00 and gave the company a “hold” rating in a research report on Wednesday, January 14th. The Goldman Sachs Group increased their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Finally, Royal Bank Of Canada raised their target price on Lockheed Martin from $615.00 to $650.00 and gave the stock a “sector perform” rating in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus target price of $577.29.

Check Out Our Latest Research Report on LMT

Lockheed Martin Price Performance

Shares of NYSE LMT traded up $15.01 during midday trading on Friday, reaching $637.52. The company’s stock had a trading volume of 167,505 shares, compared to its average volume of 2,155,466. The company has a market cap of $147.52 billion, a P/E ratio of 35.49, a P/E/G ratio of 1.71 and a beta of 0.24. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week high of $645.67. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The business’s 50 day moving average price is $506.21 and its two-hundred day moving average price is $479.69.

Lockheed Martin (NYSE:LMTGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.67 EPS. On average, analysts forecast that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Lockheed Martin

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tableaux LLC grew its position in shares of Lockheed Martin by 34,231.4% during the 2nd quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock valued at $288,589,000 after acquiring an additional 621,300 shares during the period. Sanders Capital LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth $252,699,000. First Trust Advisors LP raised its holdings in Lockheed Martin by 286.1% during the third quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock valued at $251,316,000 after acquiring an additional 373,027 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Lockheed Martin by 169.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock worth $265,030,000 after purchasing an additional 359,748 shares in the last quarter. Finally, Canoe Financial LP purchased a new position in shares of Lockheed Martin in the fourth quarter worth $166,403,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Key Lockheed Martin News

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About Lockheed Martin

(Get Free Report)

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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