Lockheed Martin (NYSE:LMT) Price Target Raised to $650.00 at Royal Bank Of Canada

Lockheed Martin (NYSE:LMTFree Report) had its price objective raised by Royal Bank Of Canada from $615.00 to $650.00 in a report issued on Friday morning, MarketBeat reports. The firm currently has a sector perform rating on the aerospace company’s stock.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. The Goldman Sachs Group boosted their price objective on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a report on Friday, October 10th. UBS Group increased their price objective on Lockheed Martin from $513.00 to $580.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Susquehanna reaffirmed a “positive” rating and set a $660.00 target price on shares of Lockheed Martin in a research report on Thursday, January 15th. Finally, Jefferies Financial Group increased their price target on Lockheed Martin from $500.00 to $540.00 and gave the company a “hold” rating in a research report on Monday, January 12th. Five research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus target price of $577.29.

Check Out Our Latest Research Report on LMT

Lockheed Martin Trading Up 1.9%

NYSE LMT opened at $634.31 on Friday. The company has a quick ratio of 0.97, 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 $645.67. The business has a 50 day moving average price of $509.69 and a 200-day moving average price of $480.81. The company has a market cap of $146.78 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 1.78 and a beta of 0.24.

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

Institutional Trading of Lockheed Martin

A number of hedge funds have recently bought and sold shares of LMT. Broadway Wealth Solutions Inc. increased its position in shares of Lockheed Martin by 3.6% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after purchasing an additional 17 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in Lockheed Martin by 3.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 583 shares of the aerospace company’s stock valued at $282,000 after buying an additional 18 shares during the period. McGlone Suttner Wealth Management Inc. increased its holdings in Lockheed Martin by 2.0% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 985 shares of the aerospace company’s stock worth $476,000 after buying an additional 19 shares during the last quarter. Sheets Smith Wealth Management raised its position in Lockheed Martin by 2.2% in the fourth quarter. Sheets Smith Wealth Management now owns 873 shares of the aerospace company’s stock worth $422,000 after acquiring an additional 19 shares during the period. Finally, Fulton Breakefield Broenniman LLC boosted its stake in Lockheed Martin by 2.3% in the fourth quarter. Fulton Breakefield Broenniman LLC now owns 852 shares of the aerospace company’s stock valued at $412,000 after acquiring an additional 19 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Key Lockheed Martin News

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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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