Lockheed Martin Corporation (LMT) Stock Rating Reaffirmed by Cowen and Company
Lockheed Martin Corporation (NYSE:LMT)‘s stock had its “hold” rating reiterated by equities researchers at Cowen and Company in a research report issued to clients and investors on Monday. They currently have a $295.00 price objective on the aerospace company’s stock. Cowen and Company’s price objective points to a potential downside of 3.66% from the stock’s current price.
The analysts wrote, “LMT’s recompete win of SOF GLSS is a nice plus given it accounts for an estimated.””
A number of other equities research analysts also recently commented on LMT. Stifel Nicolaus lifted their target price on Lockheed Martin Corporation from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Zacks Investment Research downgraded Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $263.00 target price on shares of Lockheed Martin Corporation in a report on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $240.00 target price on shares of Lockheed Martin Corporation in a report on Monday, June 12th. Finally, BidaskClub raised Lockheed Martin Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $291.15.
Lockheed Martin Corporation (LMT) opened at 306.20 on Monday. The company has a market cap of $88.18 billion, a PE ratio of 17.77 and a beta of 0.60. Lockheed Martin Corporation has a 52 week low of $228.50 and a 52 week high of $308.48. The stock has a 50 day moving average of $290.33 and a 200 day moving average of $275.40.
Lockheed Martin Corporation (NYSE:LMT) last released its earnings results on Tuesday, July 18th. The aerospace company reported $3.23 EPS for the quarter, topping the Zacks’ consensus estimate of $3.10 by $0.13. Lockheed Martin Corporation had a return on equity of 221.92% and a net margin of 10.37%. The firm had revenue of $12.69 billion during the quarter, compared to the consensus estimate of $12.43 billion. During the same quarter in the previous year, the company posted $3.32 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts predict that Lockheed Martin Corporation will post $12.64 EPS for the current fiscal year.
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In other news, Chairman Marillyn A. Hewson sold 26,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $290.53, for a total transaction of $7,553,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maryanne Lavan sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $290.11, for a total value of $2,901,100.00. The disclosure for this sale can be found here. Corporate 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.
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