Lockheed Martin Corporation (LMT) Given a $289.00 Price Target by Royal Bank Of Canada Analysts

Lockheed Martin Corporation (NYSE:LMT) has been given a $289.00 price target by Royal Bank Of Canada in a research note issued on Friday. The firm presently has a “hold” rating on the aerospace company’s stock. Royal Bank Of Canada’s target price suggests a potential downside of 4.56% from the stock’s current price.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Lockheed Martin Corporation from a “hold” rating to a “buy” rating and set a $325.00 target price for the company in a research report on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating and set a $320.00 target price (up from $300.00) on shares of Lockheed Martin Corporation in a research report on Wednesday, July 19th. Argus reiterated a “buy” rating and set a $320.00 target price (up from $100.00) on shares of Lockheed Martin Corporation in a research report on Wednesday, July 19th. They noted that the move was a valuation call. BidaskClub upgraded Lockheed Martin Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $240.00 target price on shares of Lockheed Martin Corporation in a research report on Friday, July 14th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Lockheed Martin Corporation presently has a consensus rating of “Buy” and an average target price of $298.10.

Shares of Lockheed Martin Corporation (NYSE:LMT) opened at 302.80 on Friday. The company has a market cap of $87.20 billion, a price-to-earnings ratio of 17.57 and a beta of 0.60. Lockheed Martin Corporation has a 1-year low of $228.50 and a 1-year high of $308.48. The firm’s 50-day moving average is $295.24 and its 200 day moving average is $277.92.

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, beating analysts’ consensus estimates of $3.10 by $0.13. The firm had revenue of $12.69 billion during the quarter, compared to the consensus estimate of $12.43 billion. Lockheed Martin Corporation had a return on equity of 221.92% and a net margin of 10.37%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.32 EPS. Equities analysts expect that Lockheed Martin Corporation will post $12.64 EPS for the current fiscal year.

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In other Lockheed Martin Corporation news, SVP Maryanne Lavan sold 10,000 shares of the company’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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Orlando D. Carvalho sold 8,870 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $307.95, for a total value of $2,731,516.50. Following the completion of the transaction, the insider now directly owns 27,728 shares of the company’s stock, valued at approximately $8,538,837.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,220 shares of company stock valued at $13,293,563. 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.