Lockheed Martin (NYSE:LMT) Price Target Lowered to $550.00 at Royal Bank of Canada

Lockheed Martin (NYSE:LMT) had its price objective cut by investment analysts at Royal Bank of Canada from $570.00 to $550.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the aerospace company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 21.24% from the company’s current price.

A number of other equities research analysts have also weighed in on LMT. Susquehanna decreased their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday. Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. UBS Group decreased their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Barclays decreased their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $556.13.

Lockheed Martin Stock Down 0.8 %

Shares of NYSE LMT traded down $3.81 during mid-day trading on Wednesday, hitting $453.64. 1,055,450 shares of the stock traded hands, compared to its average volume of 1,346,853. The company has a market cap of $107.53 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 4.05 and a beta of 0.48. The stock has a fifty day moving average price of $497.18 and a 200-day moving average price of $537.55. Lockheed Martin has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Research analysts anticipate that Lockheed Martin will post 26.89 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

Large investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin during the 3rd quarter worth about $26,000. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at $27,000. Burkett Financial Services LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth $32,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin in the fourth quarter valued at $35,000. Finally, Capital Performance Advisors LLP acquired a new position in Lockheed Martin in the third quarter valued at $40,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

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.