Lockheed Martin Co. (NYSE:LMT) Receives $591.21 Consensus Price Target from Analysts

Lockheed Martin Co. (NYSE:LMT) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $591.21.

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. TD Cowen raised their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada dropped their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd.

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the third quarter worth approximately $26,000. Burkett Financial Services LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter worth $32,000. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin during the second quarter worth $27,000. Sachetta LLC grew its position in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in Lockheed Martin in the third quarter valued at $40,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $483.76 on Thursday. Lockheed Martin has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $114.67 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 4.05 and a beta of 0.48. The firm’s fifty day simple moving average is $510.20 and its 200-day simple moving average is $535.47.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same period last year, the firm posted $6.77 EPS. The company’s revenue was up 1.3% on a year-over-year basis. Equities analysts forecast that Lockheed Martin will post 26.88 EPS for the current fiscal year.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.