Lockheed Martin Corp. Given New $140.00 Price Target at Barclays (LMT)
Investment analysts at Barclays hoisted their price objective on shares of Lockheed Martin Corp. (NYSE:LMT) from $125.00 to $140.00 in a note issued to investors on Monday, American Banking & Market News reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target would suggest a potential upside of 4.05% from the stock’s previous close.
In other Lockheed Martin Corp. news, Director Douglas H. Mccorkindale unloaded 2,314 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $134.10, for a total value of $310,307.40. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Lockheed Martin Corp. (NYSE:LMT) traded up 0.57% during mid-day trading on Monday, hitting $135.32. 460,945 shares of the company’s stock traded hands. Lockheed Martin Corp. has a 52 week low of $85.88 and a 52 week high of $136.84. The stock’s 50-day moving average is $128.4 and its 200-day moving average is $115.7. The company has a market cap of $43.032 billion and a price-to-earnings ratio of 14.36.
Lockheed Martin Corp. (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.31. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the previous year, the company posted $2.21 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. Analysts expect that Lockheed Martin Corp. will post $9.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 27th. Investors of record on Monday, December 2nd will be given a dividend of $1.33 per share. This represents a $5.32 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Lockheed Martin Corp.’s previous quarterly dividend of $1.15.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin Corp. from $111.00 to $116.00 in a research note to investors on Wednesday, October 23rd. They now have a “neutral” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Lockheed Martin Corp. from $120.00 to $130.00 in a research note to investors on Wednesday, October 23rd. They now have a “market perform” rating on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Lockheed Martin Corp. from $141.00 to $159.00 in a research note to investors on Wednesday, October 23rd. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $128.29.
Lockheed Martin Corporation, incorporated on August 29, 1994, is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of technology systems and products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.