Lockheed Martin Corporation (NYSE:LMT)‘s stock had its “hold” rating restated by analysts at Jefferies Group LLC in a research note issued to investors on Friday, July 14th. They currently have a $240.00 target price on the aerospace company’s stock. Jefferies Group LLC’s price target would suggest a potential downside of 20.99% from the company’s previous close.
A number of other research firms also recently weighed in on LMT. BidaskClub downgraded 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 target price on shares of Lockheed Martin Corporation in a research report on Wednesday, July 12th. Stifel Nicolaus lifted their target price on Lockheed Martin Corporation from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Zacks Investment Research downgraded Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Finally, Cowen and Company reissued a “hold” rating and set a $265.00 target price on shares of Lockheed Martin Corporation in a research report on Tuesday, April 25th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Lockheed Martin Corporation currently 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 firm’s 50-day moving average price is $288.81 and its 200 day moving average price is $274.31. The firm has a market cap of $87.48 billion, a PE 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 released its earnings results on Tuesday, July 18th. The aerospace company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.13. Lockheed Martin Corporation had a return on equity of 221.92% and a net margin of 10.37%. The business had revenue of $12.69 billion for the quarter, compared to the consensus estimate of $12.43 billion. During the same period last year, the business earned $3.32 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts anticipate that Lockheed Martin Corporation will post $12.63 EPS for the current year.
In other news, Chairman Marillyn A. Hewson sold 26,000 shares of Lockheed Martin Corporation stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maryanne Lavan sold 10,000 shares of Lockheed Martin Corporation stock in a transaction that occurred on 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. 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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