Lockheed Martin Receives Consensus Rating of “Hold” from Brokerages (NYSE:LMT)
Shares of Lockheed Martin (NYSE:LMT) have earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, Analyst Ratings Net reports. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $175.46.
Shares of Lockheed Martin (NYSE:LMT) traded down 0.05% on Tuesday, hitting $171.43. The stock had a trading volume of 145,826 shares. Lockheed Martin has a 52 week low of $121.25 and a 52 week high of $172.10. The stock’s 50-day moving average is $164. and its 200-day moving average is $162.3. The company has a market cap of $54.000 billion and a P/E ratio of 17.52.
Lockheed Martin (NYSE:LMT) last announced its 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. Analysts expect that Lockheed Martin will post $11.25 EPS for the current fiscal year.
A number of research firms have recently commented on LMT. 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.
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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