Lockheed Martin Corporation (NYSE:LMT) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
Several other brokerages have also weighed in on LMT. Morgan Stanley assumed coverage on shares of Lockheed Martin Corporation in a research report on Tuesday. They issued an “overweight” rating and a $342.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Lockheed Martin Corporation in a research report on Thursday, July 20th. Zacks Investment Research lowered shares of Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $240.00 price target on shares of Lockheed Martin Corporation in a research report on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $320.00 price target (up from $300.00) on shares of Lockheed Martin Corporation in a research report on Wednesday, July 19th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Lockheed Martin Corporation currently has an average 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 firm has a market capitalization of $87.48 billion, a price-to-earnings ratio of 17.62 and a beta of 0.60. The stock’s 50 day moving average is $288.81 and its 200 day moving average is $274.31. Lockheed Martin Corporation has a 12 month low of $228.50 and a 12 month high of $307.10.
Lockheed Martin Corporation (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 18th. The aerospace company reported $3.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.10 by $0.13. The company had revenue of $12.69 billion for the quarter, compared to analyst estimates of $12.43 billion. Lockheed Martin Corporation had a net margin of 10.37% and a return on equity of 221.92%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.32 earnings per share. Equities research analysts forecast that Lockheed Martin Corporation will post $12.63 earnings per share for the current fiscal year.
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In other Lockheed Martin Corporation news, Chairman Marillyn A. Hewson sold 26,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $290.53, for a total value of $7,553,780.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Maryanne Lavan sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $290.11, for a total transaction of $2,901,100.00. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.
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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