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Equities researchers at FBR Capital Markets upped their price target on shares of Lockheed Martin (NYSE:LMT) from $165.00 to $172.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price indicates a potential upside of 5.01% from the stock’s previous close.

Shares of Lockheed Martin (NYSE:LMT) opened at 163.79 on Thursday. Lockheed Martin has a 1-year low of $103.51 and a 1-year high of $168.87. The stock’s 50-day moving average is $164. and its 200-day moving average is $156.8. The company has a market cap of $51.594 billion and a P/E ratio of 16.98.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 22nd. The company reported $2.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.53 by $0.34. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.90 billion. During the same quarter in the prior year, the company posted $2.33 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Analysts expect that Lockheed Martin will post $10.94 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Lockheed Martin in a research note on Monday, May 19th. They now have a $170.00 price target on the stock. Separately, analysts at Wolfe Research initiated coverage on shares of Lockheed Martin in a research note on Tuesday, May 13th. They set a “market perform” rating on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Lockheed Martin in a research note on Wednesday, April 23rd. They now have a $150.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $166.92.

Lockheed Martin Corporation 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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