Lockheed Martin Price Target Raised to $155.00 at JPMorgan Chase & Co. (LMT)
Equities researchers at JPMorgan Chase & Co. boosted their price objective on shares of Lockheed Martin (NYSE:LMT) from $144.00 to $155.00 in a research report issued on Wednesday. JPMorgan Chase & Co.’s price target indicates a potential downside of 7.67% from the stock’s previous close.
A number of other firms have also recently commented on LMT. 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. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $167.77.
Lockheed Martin (NYSE:LMT) opened at 167.87 on Wednesday. Lockheed Martin has a one year low of $117.01 and a one year high of $168.87. The stock has a 50-day moving average of $162.8 and a 200-day moving average of $160.. The company has a market cap of $52.879 billion and a price-to-earnings ratio of 16.85.
Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.10. The company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $11.14 billion. During the same quarter in the previous year, the company posted $2.64 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts predict that Lockheed Martin will post $10.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Investors 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 3.17%. 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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