Lockheed Martin (NYSE:LMT) Downgraded by Deutsche Bank Aktiengesellschaft to Hold

Lockheed Martin (NYSE:LMT) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a $523.00 price target on the aerospace company’s stock, down from their previous price target of $611.00. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 8.55% from the stock’s current price.

Several other brokerages also recently issued reports on LMT. TD Cowen upped their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Barclays raised their price target on shares of Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. UBS Group raised their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada cut their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $605.36.

Lockheed Martin Stock Performance

NYSE:LMT opened at $481.82 on Thursday. 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 company has a market capitalization of $114.21 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 4.05 and a beta of 0.47. The firm has a 50-day moving average price of $521.08 and a two-hundred day moving average price of $534.18. Lockheed Martin has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping 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 business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same period last year, the company posted $6.77 EPS. The company’s revenue was up 1.3% on a year-over-year basis. As a group, research analysts expect that Lockheed Martin will post 26.88 earnings per share for the current fiscal year.

Institutional Trading of Lockheed Martin

A number of institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the third quarter valued at approximately $26,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at $27,000. Sachetta LLC boosted its position in Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares during the period. Burkett Financial Services LLC acquired a new stake in Lockheed Martin in the 3rd quarter valued at $32,000. Finally, Capital Performance Advisors LLP purchased a new position in Lockheed Martin in the third quarter valued at about $40,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

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.