Susquehanna Trims Lockheed Martin (NYSE:LMT) Target Price to $695.00

Lockheed Martin (NYSE:LMT) had its target price lowered by stock analysts at Susquehanna from $705.00 to $695.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price target suggests a potential upside of 20.22% from the company’s previous close.

Several other analysts also recently issued reports on the company. Barclays boosted their price target on Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Bank of America restated a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Morgan Stanley boosted their price objective on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus target price of $599.21.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $578.10 on Wednesday. Lockheed Martin has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a market cap of $138.71 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 4.84 and a beta of 0.47. The business’s 50 day moving average price is $579.79 and its two-hundred day moving average price is $513.10. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the prior year, the business earned $6.77 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts predict that Lockheed Martin will post 26.68 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors and hedge funds have recently made changes to their positions in the business. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $32,000. Mattson Financial Services LLC bought a new position in Lockheed Martin during the 2nd quarter valued at $27,000. Sachetta LLC boosted its holdings in Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 20 shares during the last quarter. Wiser Advisor Group LLC grew its stake in shares of Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 25 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Lockheed Martin in the first quarter valued at about $30,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

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.