Lockheed Martin Corporation (NYSE:LMT) Lifted to Buy at BidaskClub
BidaskClub upgraded shares of Lockheed Martin Corporation (NYSE:LMT) from a hold rating to a buy rating in a report issued on Saturday, June 17th.
LMT has been the subject of a number of other reports. Royal Bank Of Canada reiterated a hold rating and issued a $263.00 target price on shares of Lockheed Martin Corporation in a research note on Tuesday, May 9th. Cowen and Company reiterated a hold rating and issued a $265.00 target price on shares of Lockheed Martin Corporation in a research note on Tuesday, April 25th. Zacks Investment Research raised shares of Lockheed Martin Corporation from a hold rating to a buy rating and set a $300.00 price target on the stock in a research report on Tuesday, April 4th. Jefferies Group LLC reissued a hold rating and issued a $240.00 price target on shares of Lockheed Martin Corporation in a research report on Monday, June 12th. Finally, Stifel Nicolaus lifted their price target on shares of Lockheed Martin Corporation from $290.00 to $300.00 and gave the company a buy rating in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $280.39.
Shares of Lockheed Martin Corporation (NYSE LMT) traded up 0.48% during trading on Friday, reaching $288.13. 887,863 shares of the company traded hands. The firm has a market capitalization of $83.40 billion, a PE ratio of 16.68 and a beta of 0.60. The firm has a 50-day moving average price of $278.05 and a 200-day moving average price of $266.57. Lockheed Martin Corporation has a 12 month low of $228.50 and a 12 month high of $288.77.
Lockheed Martin Corporation (NYSE:LMT) last posted its earnings results on Tuesday, April 25th. The aerospace company reported $3.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.24. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.22 billion. Lockheed Martin Corporation had a net margin of 10.49% and a return on equity of 183.15%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.91 earnings per share. Equities research analysts anticipate that Lockheed Martin Corporation will post $12.53 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/07/16/lockheed-martin-corporation-lmt-upgraded-by-bidaskclub-to-buy-updated-updated-updated-updated.html.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be issued a $1.82 dividend. This represents a $7.28 annualized dividend and a yield of 2.53%. The ex-dividend date is Wednesday, August 30th. Lockheed Martin Corporation’s dividend payout ratio (DPR) is presently 42.30%.
In other Lockheed Martin Corporation news, insider Richard F. Ambrose sold 9,316 shares of the business’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $271.11, for a total value of $2,525,660.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.
Lockheed Martin Corporation Company Profile
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.
Receive News & Stock Ratings for Lockheed Martin Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin Corporation and related stocks with our FREE daily email newsletter.