Lockheed Martin Corp. (NYSE:LMT) had its target price boosted by JPMorgan Chase & Co. from $116.00 to $117.00 in a report issued on Friday, American Banking & Market News reports.
Shares of Lockheed Martin Corp. (NYSE:LMT) traded up 0.50% during mid-day trading on Friday, hitting $141.59. 670,831 shares of the company’s stock traded hands. Lockheed Martin Corp. has a 52-week low of $85.88 and a 52-week high of $140.94. The stock’s 50-day moving average is $132.4 and its 200-day moving average is $120.0. The company has a market cap of $45.026 billion and a price-to-earnings ratio of 15.03.
Lockheed Martin Corp. (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $2.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.26 by $0.31. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the previous year, the company posted $2.21 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, analysts predict that Lockheed Martin Corp. will post $9.68 earnings per share for the current fiscal year.
LMT has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Lockheed Martin Corp. from $125.00 to $130.00 in a research note to investors on Friday, November 15th. They now have a hold rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Lockheed Martin Corp. from $130.00 to $140.00 in a research note to investors on Friday, November 15th. They now have a market perform rating on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Lockheed Martin Corp. from $159.00 to $168.00 in a research note to investors on Wednesday, November 6th. They now have an outperform rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Lockheed Martin Corp. presently has a consensus rating of Hold and a consensus target price of $130.43.
Lockheed Martin Corporation, incorporated on August 29, 1994, is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of technology systems and products.
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