Lockheed Martin (NYSE:LMT) Price Target Raised to $670.00 at TD Cowen

Lockheed Martin (NYSE:LMTFree Report) had its price objective boosted by TD Cowen from $600.00 to $670.00 in a report published on Friday, Marketbeat.com reports. The firm currently has a hold rating on the aerospace company’s stock.

Other equities research analysts have also issued reports about the stock. UBS Group raised their price objective on shares of Lockheed Martin from $513.00 to $580.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a report on Friday. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $586.00 target price on shares of Lockheed Martin in a research report on Monday, January 12th. Susquehanna restated a “positive” rating and issued a $660.00 price target on shares of Lockheed Martin in a research note on Thursday, January 15th. Finally, BNP Paribas Exane boosted their price target on Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $577.29.

Check Out Our Latest Analysis on LMT

Lockheed Martin Price Performance

Shares of LMT stock opened at $634.31 on Friday. The firm has a market capitalization of $146.78 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 1.78 and a beta of 0.24. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 3.05. The firm’s 50 day moving average is $509.69 and its 200-day moving average is $480.81. Lockheed Martin has a 1 year low of $410.11 and a 1 year high of $645.67.

Lockheed Martin (NYSE:LMTGet Free Report) last issued its 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). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the business posted $7.67 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Institutional Trading of Lockheed Martin

A number of large investors have recently bought and sold shares of the business. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC increased its position in shares of Lockheed Martin by 285.7% during the third 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. Grey Fox Wealth Advisors LLC bought a new stake in Lockheed Martin during the 3rd quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in Lockheed Martin during the second quarter worth $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth $29,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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Lockheed Martin Company Profile

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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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