Lockheed Martin (NYSE:LMT) Given New $770.00 Price Target at BNP Paribas Exane

Lockheed Martin (NYSE:LMTGet Free Report) had its target price raised by stock analysts at BNP Paribas Exane from $740.00 to $770.00 in a report issued on Tuesday,MarketScreener reports. The firm presently has an “outperform” rating on the aerospace company’s stock. BNP Paribas Exane’s target price suggests a potential upside of 23.51% from the company’s previous close.

Several other analysts have also recently commented on LMT. UBS Group increased their price target on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Robert W. Baird increased their price target on shares of Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Morgan Stanley set a $675.00 price target on shares of Lockheed Martin in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group increased their price target on shares of Lockheed Martin from $630.00 to $640.00 and gave the company a “hold” rating in a research note on Tuesday. Seven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $645.79.

Read Our Latest Research Report on Lockheed Martin

Lockheed Martin Price Performance

Lockheed Martin stock traded down $4.26 on Tuesday, reaching $623.44. The company’s stock had a trading volume of 165,401 shares, compared to its average volume of 1,800,097. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The company has a market cap of $143.68 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 1.12 and a beta of 0.23. The business’s fifty day moving average price is $637.98 and its 200 day moving average price is $545.04. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $692.00.

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

Institutional Trading of Lockheed Martin

Institutional investors and hedge funds have recently made changes to their positions in the business. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $25,000. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $26,000. Triumph Capital Management raised its position in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 22 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC raised its position in shares of Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

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About Lockheed Martin

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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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