Lockheed Martin (NYSE:LMT) Price Target Raised to $650.00

Lockheed Martin (NYSE:LMTFree Report) had its price objective upped by Royal Bank Of Canada from $615.00 to $650.00 in a research report released on Friday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has a sector perform rating on the aerospace company’s stock.

Other equities research analysts have also issued research reports about the company. UBS Group raised their target price on Lockheed Martin from $513.00 to $580.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. TD Cowen raised their price objective on shares of Lockheed Martin from $520.00 to $600.00 and gave the stock a “hold” rating in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research report on Wednesday, December 10th. Robert W. Baird increased their target price on shares of Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Five analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $582.59.

Check Out Our Latest Analysis on LMT

Lockheed Martin Price Performance

Lockheed Martin stock opened at $634.31 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. Lockheed Martin has a 52-week low of $410.11 and a 52-week high of $645.67. The firm has a market cap of $145.94 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.81 and a beta of 0.23. The company’s 50 day moving average is $509.69 and its two-hundred day moving average is $480.94.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. Lockheed Martin’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $7.67 EPS. On average, research analysts expect that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Lockheed Martin

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tableaux LLC raised its position in Lockheed Martin by 34,231.4% during the second quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock worth $288,589,000 after acquiring an additional 621,300 shares during the last quarter. Sanders Capital LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $252,699,000. First Trust Advisors LP boosted its holdings in Lockheed Martin by 286.1% in the third quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock valued at $251,316,000 after acquiring an additional 373,027 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Lockheed Martin by 169.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock valued at $265,030,000 after purchasing an additional 359,748 shares in the last quarter. Finally, Canoe Financial LP acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $166,403,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Key Lockheed Martin News

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About Lockheed Martin

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Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

Further Reading

Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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