Susquehanna Lowers Lockheed Martin (NYSE:LMT) Price Target to $590.00

Lockheed Martin (NYSE:LMT) had its price target lowered by research analysts at Susquehanna from $695.00 to $590.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price target suggests a potential upside of 27.06% from the stock’s previous close.

LMT has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Barclays lowered their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday. UBS Group lifted their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.21.

Lockheed Martin Trading Up 0.1 %

Shares of Lockheed Martin stock traded up $0.40 during midday trading on Wednesday, reaching $464.36. The company had a trading volume of 133,299 shares, compared to its average volume of 965,695. The firm has a market cap of $110.07 billion, a PE ratio of 16.81, a P/E/G ratio of 4.05 and a beta of 0.48. The stock has a fifty day moving average price of $516.04 and a 200 day moving average price of $535.36. 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 has a fifty-two week low of $413.92 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $6.77 EPS. On average, equities analysts anticipate that Lockheed Martin will post 26.88 earnings per share for the current year.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds and other institutional investors have recently modified their holdings of LMT. Lantz Financial LLC grew its holdings in Lockheed Martin by 2.6% in the second quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock worth $2,281,000 after purchasing an additional 123 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in Lockheed Martin by 6.7% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,603 shares of the aerospace company’s stock worth $749,000 after buying an additional 101 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in Lockheed Martin by 0.5% during the 2nd quarter. Royal London Asset Management Ltd. now owns 86,122 shares of the aerospace company’s stock valued at $40,228,000 after acquiring an additional 440 shares during the period. Sachetta LLC boosted its holdings in Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Lockheed Martin by 7.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 23,527 shares of the aerospace company’s stock worth $10,989,000 after purchasing an additional 1,708 shares during the period. Hedge funds and other institutional investors 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.