Lockheed Martin Corp. Stock Rating Upgraded by Merrill Lynch (LMT)
Lockheed Martin Corp. (NYSE:LMT) was upgraded by investment analysts at Merrill Lynch to a “buy” rating in a note issued to investors on Tuesday, Analyst Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. upgraded shares of Lockheed Martin Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at UBS AG raised their price target on shares of Lockheed Martin Corp. from $113.00 to $137.00 in a research note to investors on Monday. They now have a “sell” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $132.38.
Lockheed Martin Corp. (NYSE:LMT) traded up 1.59% on Tuesday, hitting $148.61. 1,684,141 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 $149.99. The stock’s 50-day moving average is $141.8 and its 200-day moving average is $127.9. The company has a market cap of $47.258 billion and a P/E ratio of 15.61.
Lockheed Martin Corp. (NYSE:LMT) last announced its 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. On average, analysts predict that Lockheed Martin Corp. will post $9.67 earnings per share for the current fiscal 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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