Wells Fargo & Company Begins Coverage on Lockheed Martin (NYSE:LMT)

Stock analysts at Wells Fargo & Company started coverage on shares of Lockheed Martin (NYSE:LMTGet Free Report) in a report issued on Wednesday. The firm set an “equal weight” rating and a $650.00 price target on the aerospace company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 7.61% from the company’s current price.

Several other equities analysts also recently weighed in on the company. TD Cowen boosted their target price on Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. raised their price target on Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. DZ Bank cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective on the stock. in a research report on Tuesday, February 3rd. Finally, Argus raised their target price on shares of Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Seven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $634.63.

View Our Latest Research Report on LMT

Lockheed Martin Stock Up 0.9%

Shares of NYSE:LMT opened at $604.03 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. Lockheed Martin has a 12 month low of $410.11 and a 12 month high of $692.00. The company has a 50-day moving average price of $634.31 and a 200 day moving average price of $539.67. The company has a market cap of $139.21 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.08 and a beta of 0.22.

Lockheed Martin (NYSE:LMTGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the previous year, the firm earned $7.67 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts predict that Lockheed Martin will post 27.15 earnings per share for the current year.

Institutional Trading of Lockheed Martin

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

Lockheed Martin News Summary

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Lockheed Martin Company Profile

(Get Free Report)

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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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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