Lockheed Martin Corp. Price Target Raised to $137.00 at UBS AG (LMT)
Investment analysts at UBS AG raised their target price on shares of Lockheed Martin Corp. (NYSE:LMT) from $113.00 to $137.00 in a note issued to investors on Monday, Stock Ratings News reports. The firm currently has a “sell” rating on the stock. UBS AG’s price objective would suggest a potential downside of 6.84% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin Corp. from $116.00 to $117.00 in a research note to investors on Friday, November 22nd. Separately, analysts at Jefferies Group raised their price target on shares of Lockheed Martin Corp. from $125.00 to $130.00 in a research note to investors on Friday, November 15th. They now have a “hold” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Lockheed Martin Corp. from $130.00 to $140.00 in a research note to investors on Friday, November 15th. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $132.14.
Lockheed Martin Corp. (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $2.57 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.21 earnings per share. Lockheed Martin Corp.’s revenue was down 4.4% compared to the same quarter last year.
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.
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