Lockheed Martin Given Consensus Recommendation of “Hold” by Analysts (NYSE:LMT)
Lockheed Martin (NYSE:LMT) has earned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, American Banking & Market News reports. Seven analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $175.46.
Lockheed Martin (NYSE:LMT) opened at 175.15 on Tuesday. Lockheed Martin has a 52 week low of $121.52 and a 52 week high of $176.13. The stock has a 50-day moving average of $166.2 and a 200-day moving average of $163.0. The company has a market cap of $55.172 billion and a P/E ratio of 17.89.
Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The company reported $2.76 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.64 earnings per share. Lockheed Martin’s revenue was down .9% compared to the same quarter last year. 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 Sondra L. Barbour sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $174.80, for a total value of $8,740,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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.
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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