JPMorgan Chase & Co. Has Lowered Expectations for Lockheed Martin (NYSE:LMT) Stock Price

Lockheed Martin (NYSE:LMT) had its price objective reduced by analysts at JPMorgan Chase & Co. from $540.00 to $535.00 in a research note 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 15.67% from the company’s previous close.

Several other equities analysts also recently commented on LMT. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. Barclays decreased their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. TD Cowen raised their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup dropped their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock 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, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $462.53 on Thursday. The company has a market cap of $108.88 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 3.78 and a beta of 0.48. The business has a 50 day moving average price of $493.89 and a 200-day moving average price of $536.43. Lockheed Martin has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities analysts anticipate that Lockheed Martin will post 27.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $26,000. Mattson Financial Services LLC bought a new stake in Lockheed Martin during the second quarter worth about $27,000. Burkett Financial Services LLC purchased a new stake in Lockheed Martin in the third quarter worth about $32,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $35,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $40,000. 74.19% of the stock is currently owned by 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.