Barclays Issues Pessimistic Forecast for Lockheed Martin (NYSE:LMT) Stock Price

Lockheed Martin (NYSE:LMT) had its target price decreased by stock analysts at Barclays from $565.00 to $515.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the aerospace company’s stock. Barclays‘s price target suggests a potential upside of 10.89% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Susquehanna dropped their price target on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a research note on Wednesday, October 23rd. TD Cowen boosted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. UBS Group increased their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $601.79.

Lockheed Martin Trading Down 0.3 %

Lockheed Martin stock opened at $464.42 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The firm has a market cap of $110.08 billion, a PE ratio of 16.81, a P/E/G ratio of 4.05 and a beta of 0.48. The stock’s 50 day simple moving average is $516.04 and its two-hundred day simple moving average is $535.36. Lockheed Martin has a 12 month low of $413.92 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the previous year, the company earned $6.77 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts anticipate that Lockheed Martin will post 26.88 earnings per share for the current year.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Range Financial Group LLC increased its stake in shares of Lockheed Martin by 158.2% in the 4th quarter. Range Financial Group LLC now owns 2,505 shares of the aerospace company’s stock worth $1,217,000 after acquiring an additional 1,535 shares during the last quarter. Bath Savings Trust Co increased its position in Lockheed Martin by 7.5% during the fourth quarter. Bath Savings Trust Co now owns 10,820 shares of the aerospace company’s stock worth $5,258,000 after purchasing an additional 758 shares during the last quarter. Diversified Trust Co raised its stake in Lockheed Martin by 6.0% during the fourth quarter. Diversified Trust Co now owns 9,009 shares of the aerospace company’s stock worth $4,378,000 after purchasing an additional 506 shares during the period. Fortem Financial Group LLC boosted its holdings in Lockheed Martin by 2.3% in the 4th quarter. Fortem Financial Group LLC now owns 1,875 shares of the aerospace company’s stock valued at $911,000 after purchasing an additional 43 shares during the last quarter. Finally, Silverleafe Capital Partners LLC grew its stake in shares of Lockheed Martin by 3.0% in the 4th quarter. Silverleafe Capital Partners LLC now owns 6,396 shares of the aerospace company’s stock valued at $3,108,000 after buying an additional 189 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.