Lockheed Martin (NYSE:LMT) Stock Price Expected to Rise, Barclays Analyst Says

Lockheed Martin (NYSE:LMT) had its price objective raised by Barclays from $505.00 to $565.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the aerospace company’s stock. Barclays‘s price target points to a potential upside of 3.48% from the stock’s current price.

Several other research analysts also recently weighed in on LMT. Bank of America restated a “buy” rating and issued a $635.00 price target on shares of Lockheed Martin in a research note on Friday, August 30th. Robert W. Baird raised their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Susquehanna decreased their price target on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a research note on Wednesday, October 23rd. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target of $611.00.

Lockheed Martin Stock Performance

LMT opened at $545.98 on Tuesday. The firm has a market cap of $131.00 billion, a P/E ratio of 19.98, a PEG ratio of 4.62 and a beta of 0.47. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a 50 day simple moving average of $579.65 and a two-hundred day simple moving average of $517.13. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.07.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the prior year, the business posted $6.77 EPS. Lockheed Martin’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts forecast that Lockheed Martin will post 26.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lockheed Martin

A number of large investors have recently made changes to their positions in the company. Burkett Financial Services LLC bought a new stake in Lockheed Martin in the third quarter worth about $32,000. Mattson Financial Services LLC purchased a new stake in shares of Lockheed Martin in the second quarter worth approximately $27,000. Sachetta LLC lifted its stake in shares of 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 acquiring an additional 20 shares during the last quarter. Wiser Advisor Group LLC lifted its stake in shares of Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 25 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in Lockheed Martin during the 1st quarter valued at $30,000. 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.