Lockheed Martin Corporation (LMT) Earns Hold Rating from Cowen and Company
Lockheed Martin Corporation (NYSE:LMT)‘s stock had its “hold” rating reiterated by investment analysts at Cowen and Company in a report issued on Thursday. They currently have a $310.00 target price on the aerospace company’s stock. Cowen and Company’s target price points to a potential upside of 3.26% from the stock’s current price.
The analysts wrote, “While order timing is an issue and Rev Rec” will impact 2017-18 GAAP EPS.””
LMT has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Lockheed Martin Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub raised shares of Lockheed Martin Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Vetr raised shares of Lockheed Martin Corporation from a “hold” rating to a “buy” rating and set a $326.32 price objective for the company in a research report on Tuesday. Morgan Stanley started coverage on shares of Lockheed Martin Corporation in a research report on Tuesday, August 8th. They issued an “overweight” rating and a $342.00 price objective for the company. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $240.00 price objective on shares of Lockheed Martin Corporation in a research report on Monday, June 12th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $303.19.
Shares of Lockheed Martin Corporation (LMT) opened at 300.20 on Thursday. Lockheed Martin Corporation has a 1-year low of $228.50 and a 1-year high of $308.48. The stock has a 50 day moving average of $300.51 and a 200 day moving average of $281.44. The stock has a market cap of $86.45 billion, a PE ratio of 17.42 and a beta of 0.59.
Lockheed Martin Corporation (NYSE:LMT) last announced its earnings results on Tuesday, July 18th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.13. The company had revenue of $12.69 billion during the quarter, compared to analysts’ expectations of $12.43 billion. Lockheed Martin Corporation had a net margin of 10.37% and a return on equity of 221.92%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.32 earnings per share. Equities research analysts forecast that Lockheed Martin Corporation will post $12.64 EPS for the current year.
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In other news, SVP Maryanne Lavan sold 10,000 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $290.11, for a total value of $2,901,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian P. Colan sold 350 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $306.19, for a total transaction of $107,166.50. The disclosure for this sale can be found here. Insiders sold 45,220 shares of company stock valued at $13,293,563 over the last 90 days. Insiders own 0.39% of the company’s stock.
About Lockheed Martin Corporation
Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.
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