Susquehanna Lowers Lockheed Martin (NYSE:LMT) Price Target to $550.00

Lockheed Martin (NYSE:LMT) had its price target dropped by equities research analysts at Susquehanna from $590.00 to $550.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the aerospace company’s stock. Susquehanna’s target price would indicate a potential upside of 21.07% from the company’s previous close.

LMT has been the topic of a number of other research reports. Royal Bank of Canada decreased their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Truist Financial initiated coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. TD Cowen increased 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. Wells Fargo & Company cut their target price on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, Robert W. Baird raised their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $568.73.

Lockheed Martin Trading Down 0.7 %

NYSE:LMT traded down $3.16 on Wednesday, hitting $454.29. The stock had a trading volume of 503,349 shares, compared to its average volume of 1,315,664. The company has a fifty day moving average price of $497.18 and a two-hundred day moving average price of $537.55. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock has a market cap of $107.69 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Equities research analysts expect that Lockheed Martin will post 26.89 earnings per share for the current fiscal year.

Institutional Trading of Lockheed Martin

Institutional investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin during the third quarter worth approximately $26,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $32,000. Mattson Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at $40,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the 4th quarter valued at $35,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

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.