RBC Capital Boosts Lockheed Martin Price Target to $186.00 (LMT)
Equities researchers at RBC Capital upped their target price on shares of Lockheed Martin (NYSE:LMT) from $4.00 to $186.00 in a research report issued on Tuesday. RBC Capital’s target price would suggest a potential upside of 6.90% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $175.77.
Lockheed Martin (NYSE:LMT) traded down 0.05% on Tuesday, hitting $173.91. The stock had a trading volume of 575,067 shares. Lockheed Martin has a 52 week low of $121.52 and a 52 week high of $177.19. The stock’s 50-day moving average is $168.7 and its 200-day moving average is $163.9. The company has a market cap of $54.782 billion and a P/E ratio of 17.78.
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 $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 on the open market in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $174.80, for a total value of $8,740,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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