Morgan Stanley Has Lowered Expectations for Lockheed Martin (NYSE:LMT) Stock Price

Lockheed Martin (NYSE:LMT) had its target price decreased by stock analysts at Morgan Stanley from $555.00 to $525.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the aerospace company’s stock. Morgan Stanley’s target price would suggest a potential upside of 15.73% from the stock’s previous close.

LMT has been the subject of a number of other reports. Citigroup dropped their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Royal Bank of Canada decreased their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. UBS Group lowered their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, TD Cowen upped their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $556.13.

Lockheed Martin Trading Down 0.8 %

NYSE:LMT traded down $3.82 on Wednesday, reaching $453.64. The stock had a trading volume of 1,055,450 shares, compared to its average volume of 1,346,853. Lockheed Martin has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a market cap of $107.53 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 4.05 and a beta of 0.48. The firm’s fifty day moving average is $497.18 and its two-hundred day moving average is $537.55. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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%. Equities analysts expect that Lockheed Martin will post 26.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin in the third quarter worth about $26,000. Mattson Financial Services LLC bought a new position in Lockheed Martin in the 2nd quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin during the 3rd quarter worth $32,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at $35,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at $40,000. Institutional investors and hedge funds 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.