Lockheed Martin Given Average Rating of “Hold” by Analysts (NYSE:LMT)
Shares of Lockheed Martin (NYSE:LMT) have been given an average recommendation of “Hold” by the fifteen ratings firms that are covering the company, Stock Ratings Network.com reports. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $166.92.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Lockheed Martin from $165.00 to $172.00 in a research note on Thursday, June 19th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.
Lockheed Martin (NYSE:LMT) opened at 160.31 on Tuesday. Lockheed Martin has a 1-year low of $112.46 and a 1-year high of $168.87. The stock has a 50-day moving average of $162.8 and a 200-day moving average of $159.. The company has a market cap of $50.498 billion and a price-to-earnings ratio of 16.35.
Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $2.87 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $2.33 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Analysts expect that Lockheed Martin will post $10.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Tuesday, September 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 3.32%. The ex-dividend date of this dividend is Thursday, August 28th.
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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