Lockheed Martin Corp. (NYSE:LMT)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. They currently have a $122.00 price target on the stock. Deutsche Bank’s price target would indicate a potential downside of 6.19% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets raised their price target on shares of Lockheed Martin Corp. from $130.00 to $140.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital reiterated a “hold” rating on shares of Lockheed Martin Corp. in a research note to investors on Wednesday, October 9th. They now have a $133.00 price target on the stock. Finally, analysts at UBS AG reiterated a “sell” rating on shares of Lockheed Martin Corp. in a research note to investors on Friday, September 27th. They now have a $113.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $123.71.
Shares of Lockheed Martin Corp. (NYSE:LMT) opened at 130.41 on Wednesday. Lockheed Martin Corp. has a 52 week low of $85.88 and a 52 week high of $127.39. The stock has a 50-day moving average of $123.4 and a 200-day moving average of $107.0. The company has a market cap of $41.601 billion and a price-to-earnings ratio of 14.59.
Lockheed Martin Corp. (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The company reported $2.57 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Lockheed Martin Corp. will post $9.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.33 per share. This represents a $5.32 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Wednesday, November 27th. This is a positive change from Lockheed Martin Corp.’s previous quarterly dividend of $1.15.
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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