Lockheed Martin (NYSE:LMT) Price Target Lowered to $540.00 at JPMorgan Chase & Co.

Lockheed Martin (NYSE:LMT) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $546.00 to $540.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 10.07% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on LMT. TD Cowen upped their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. UBS Group upped their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Truist Financial started coverage on Lockheed Martin in a report on Tuesday. They set a “buy” rating and a $579.00 price objective on the stock. Citigroup lifted their price target on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.40.

Lockheed Martin Trading Up 0.8 %

Shares of LMT stock opened at $490.60 on Thursday. Lockheed Martin has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The stock’s fifty day moving average price is $506.28 and its two-hundred day moving average price is $534.89. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The company has a market cap of $116.29 billion, a PE ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $6.77 earnings per share. Equities analysts predict that Lockheed Martin will post 26.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Lockheed Martin

Several institutional investors and hedge funds have recently made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at $27,000. Burkett Financial Services LLC bought a new position in Lockheed Martin during the third quarter worth $32,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin in the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in Lockheed Martin in the third quarter valued at $42,000. Institutional investors own 74.19% of the company’s stock.

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.