Lockheed Martin Corp. Sets New 1-Year High at $150.43 (LMT)
Lockheed Martin Corp. (NYSE:LMT) set a new 52-week high during trading hours on Thursday, American Banking and Market News reports. The company traded as high as $150.43 and last traded at $148.85, with a volume of 1,140,556 shares. The stock had previously closed at $148.50.
Several analysts have recently commented on the stock. Analysts at Merrill Lynch upgraded shares of Lockheed Martin Corp. to a “buy” rating in a research note to investors on Tuesday. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $132.38.
Lockheed Martin Corp. has a 1-year low of $85.88 and a 1-year high of $149.99. The stock has a 50-day moving average of $142.4 and a 200-day moving average of $128.. The company has a market cap of $47.296 billion and a price-to-earnings ratio of 15.85.
Lockheed Martin Corp. (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The company reported $2.57 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $2.21 earnings per share. The company’s quarterly revenue was down 4.4% on a year-over-year basis. 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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