Susquehanna Boosts Lockheed Martin (NYSE:LMT) Price Target to $512.00

Lockheed Martin (NYSE:LMTGet Rating) had its price target boosted by investment analysts at Susquehanna from $510.00 to $512.00 in a report issued on Wednesday, The Fly reports. Susquehanna’s target price would indicate a potential upside of 13.97% from the stock’s current price.

Several other analysts have also commented on LMT. Citigroup started coverage on shares of Lockheed Martin in a research report on Thursday, December 8th. They set a “buy” rating and a $546.00 price target on the stock. Wolfe Research started coverage on shares of Lockheed Martin in a research report on Monday, October 10th. They set a “peer perform” rating on the stock. Susquehanna Bancshares reduced their price target on shares of Lockheed Martin from $539.00 to $510.00 and set a “positive” rating on the stock in a research report on Wednesday, October 19th. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Lockheed Martin from $450.00 to $505.00 and gave the company a “neutral” rating in a research report on Monday, December 12th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $470.00.

Lockheed Martin Price Performance

Shares of LMT opened at $449.23 on Wednesday. Lockheed Martin has a fifty-two week low of $370.78 and a fifty-two week high of $498.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.09 and a current ratio of 1.28. The company has a market capitalization of $117.73 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.59 and a beta of 0.73. The business’s 50-day moving average is $474.66 and its two-hundred day moving average is $444.10.

Lockheed Martin (NYSE:LMTGet Rating) last posted its earnings results on Tuesday, January 24th. The aerospace company reported $7.79 EPS for the quarter, beating analysts’ consensus estimates of $7.37 by $0.42. Lockheed Martin had a return on equity of 65.16% and a net margin of 9.07%. The firm had revenue of $18.99 billion for the quarter, compared to analysts’ expectations of $18.25 billion. During the same period last year, the firm earned $7.47 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts predict that Lockheed Martin will post 26.96 earnings per share for the current year.

Hedge Funds Weigh In On Lockheed Martin

Institutional investors have recently modified their holdings of the business. B. Riley Wealth Management Inc. grew its stake in shares of Lockheed Martin by 19.8% in the second quarter. B. Riley Wealth Management Inc. now owns 10,268 shares of the aerospace company’s stock worth $4,415,000 after acquiring an additional 1,694 shares in the last quarter. Patron Partners LLC grew its stake in shares of Lockheed Martin by 4.1% in the third quarter. Patron Partners LLC now owns 1,666 shares of the aerospace company’s stock worth $644,000 after acquiring an additional 66 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Lockheed Martin by 10.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,356 shares of the aerospace company’s stock worth $1,443,000 after acquiring an additional 304 shares in the last quarter. Colony Group LLC grew its stake in shares of Lockheed Martin by 14.2% in the second quarter. Colony Group LLC now owns 5,559 shares of the aerospace company’s stock worth $2,390,000 after acquiring an additional 693 shares in the last quarter. Finally, First Merchants Corp grew its stake in shares of Lockheed Martin by 9.1% in the third quarter. First Merchants Corp now owns 10,253 shares of the aerospace company’s stock worth $3,961,000 after acquiring an additional 854 shares in the last quarter. Institutional investors and hedge funds own 75.18% of the company’s stock.

About Lockheed Martin

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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