Lockheed Martin (NYSE:LMT – Get Rating) updated its FY23 earnings guidance on Tuesday. The company provided EPS guidance of ~$26.60-26.90 for the period, compared to the consensus EPS estimate of $26.83. The company issued revenue guidance of $65.0-66.0 billion, compared to the consensus revenue estimate of $65.75 billion.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Wolfe Research began coverage on Lockheed Martin in a report on Monday, October 10th. They issued a peer perform rating for the company. Susquehanna decreased their price target on Lockheed Martin from $539.00 to $510.00 and set a positive rating on the stock in a research report on Wednesday, October 19th. Jefferies Financial Group raised their price objective on shares of Lockheed Martin from $500.00 to $525.00 in a research report on Monday, December 5th. Citigroup started coverage on shares of Lockheed Martin in a research note on Thursday, December 8th. They set a buy rating and a $546.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin from $450.00 to $505.00 and gave the company a neutral rating in a report on Monday, December 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $469.56.
Lockheed Martin Stock Down 0.5 %
LMT opened at $441.28 on Tuesday. Lockheed Martin has a 12 month low of $365.34 and a 12 month high of $498.95. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 0.96. The business’s 50-day moving average price is $475.02 and its 200-day moving average price is $443.89. The company has a market cap of $115.65 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.60 and a beta of 0.73.
Institutional Trading of Lockheed Martin
Lockheed Martin Company Profile
Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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