BidaskClub Upgrades Lockheed Martin Corporation (LMT) to “Buy”
Lockheed Martin Corporation (NYSE:LMT) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Lockheed Martin Corporation from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a report on Tuesday, April 4th. Stifel Nicolaus raised their price target on shares of Lockheed Martin Corporation from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “hold” rating and set a $240.00 price target on shares of Lockheed Martin Corporation in a report on Monday, June 12th. Royal Bank Of Canada reissued a “hold” rating and set a $263.00 price objective on shares of Lockheed Martin Corporation in a report on Tuesday, May 9th. Finally, Cowen and Company reissued a “hold” rating and set a $265.00 price objective on shares of Lockheed Martin Corporation in a report on Tuesday, April 25th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Lockheed Martin Corporation currently has a consensus rating of “Hold” and a consensus price target of $280.39.
Shares of Lockheed Martin Corporation (NYSE:LMT) traded up 0.06% during trading on Friday, hitting $281.11. 1,287,564 shares of the company were exchanged. Lockheed Martin Corporation has a 12 month low of $228.50 and a 12 month high of $284.00. The company’s 50-day moving average price is $275.63 and its 200 day moving average price is $265.56. The stock has a market cap of $81.37 billion, a P/E ratio of 16.27 and a beta of 0.60.
Lockheed Martin Corporation (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 25th. The aerospace company reported $3.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.24. The business had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.22 billion. Lockheed Martin Corporation had a net margin of 10.49% and a return on equity of 183.15%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $2.91 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post $12.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Thursday, June 1st will be issued a $1.82 dividend. This represents a $7.28 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Tuesday, May 30th. Lockheed Martin Corporation’s dividend payout ratio (DPR) is presently 42.30%.
In other news, insider Richard F. Ambrose sold 9,316 shares of Lockheed Martin Corporation stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $271.11, for a total value of $2,525,660.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.
Receive News & Ratings for Lockheed Martin Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin Corporation and related companies with MarketBeat.com's FREE daily email newsletter.