Argus Raises Lockheed Martin (NYSE:LMT) Price Target to $735.00

Lockheed Martin (NYSE:LMTGet Free Report) had its target price boosted by equities researchers at Argus from $530.00 to $735.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Argus’ price objective points to a potential upside of 9.37% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Susquehanna restated a “positive” rating and issued a $660.00 target price on shares of Lockheed Martin in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a report 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 report on Friday, January 16th. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Finally, UBS Group boosted their price objective on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $618.95.

Read Our Latest Report on Lockheed Martin

Lockheed Martin Trading Up 2.6%

NYSE LMT opened at $672.02 on Friday. Lockheed Martin has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The stock has a 50-day moving average of $600.07 and a 200-day moving average of $517.62. The firm has a market cap of $154.62 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 1.18 and a beta of 0.22.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.53). The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate 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 was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.67 earnings per share. As a group, sell-side analysts forecast that Lockheed Martin will post 27.15 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

Several institutional investors and hedge funds have recently modified their holdings of the stock. Union Savings Bank purchased a new stake in shares of Lockheed Martin in the fourth quarter worth $845,000. Redwood Family Wealth LLC bought a new stake in shares of Lockheed Martin in the fourth quarter worth approximately $441,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Lockheed Martin during the 4th quarter valued at $73,000. Worthington Financial Partners LLC purchased a new stake in Lockheed Martin during the fourth quarter valued at $314,000. Finally, Bayban bought a new position in shares of Lockheed Martin in the 4th quarter worth approximately $271,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

More Lockheed Martin News

Here are the key news stories impacting Lockheed Martin this week:

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.

Featured Stories

Analyst Recommendations for Lockheed Martin (NYSE:LMT)

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.