Lockheed Martin (NYSE:LMT) Now Covered by Analysts at Wells Fargo & Company

Stock analysts at Wells Fargo & Company started coverage on shares of Lockheed Martin (NYSE:LMTGet Free Report) in a research report issued to clients and investors on Wednesday. The firm set an “equal weight” rating and a $650.00 price target on the aerospace company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 7.61% from the company’s current price.

A number of other analysts have also recently issued reports on the stock. BNP Paribas Exane increased their price objective on shares of Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. DZ Bank downgraded Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective on the stock. in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price objective on Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Robert W. Baird increased their target price on Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. Finally, Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 22nd. Seven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $634.63.

Read Our Latest Report on Lockheed Martin

Lockheed Martin Stock Performance

Shares of LMT opened at $604.03 on Wednesday. The business has a 50-day simple moving average of $634.31 and a two-hundred day simple moving average of $539.67. 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 $692.00. The stock has a market cap of $139.21 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.08 and a beta of 0.22.

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

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds have recently made changes to their positions in the company. Basso Capital Management L.P. bought a new stake in Lockheed Martin in the 4th quarter worth approximately $25,000. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $25,000. Clarity Asset Management Inc. purchased a new position in shares of Lockheed Martin in the fourth quarter valued at $26,000. Triumph Capital Management grew its holdings in shares of Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 22 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC increased its position in Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 40 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin News Summary

Here are the key news stories impacting Lockheed Martin this week:

Lockheed Martin Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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