Lockheed Martin Sets New 52-Week High at $172.10 (LMT)
Lockheed Martin (NYSE:LMT) shares hit a new 52-week high during mid-day trading on Monday , Stock Ratings Network reports. The company traded as high as $172.10 and last traded at $171.80, with a volume of 345,542 shares trading hands. The stock had previously closed at $169.16.
A number of analysts have recently weighed in on LMT shares. Analysts at Barclays raised their price target on shares of Lockheed Martin from $174.00 to $179.00 in a research note on Monday, August 11th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks upgraded shares of Lockheed Martin from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a $204.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Lockheed Martin from $8.00 to $164.00 in a research note on Wednesday, July 23rd. They now have a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $175.46.
The stock’s 50-day moving average is $164.3 and its 200-day moving average is $162.1. The company has a market cap of $54.029 billion and a P/E ratio of 17.28.
Lockheed Martin (NYSE:LMT) last released its earnings data 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 prior year, the company posted $2.64 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts predict that Lockheed Martin will post $11.25 earnings per share for the current fiscal year.
In other Lockheed Martin news, EVP Orlando D. Carvalho sold 13,100 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $168.29, for a total value of $2,204,599.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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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