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

Lockheed Martin (NYSE:LMT) had its target price reduced by analysts at Susquehanna from $590.00 to $550.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price objective suggests a potential upside of 19.79% from the stock’s current price.

Several other equities analysts have also recently weighed in on LMT. TD Cowen raised their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. UBS Group reduced their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday. Robert W. Baird increased their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Wells Fargo & Company reduced their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada lowered their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Price Performance

NYSE:LMT opened at $459.12 on Wednesday. The business’s 50-day simple moving average is $495.56 and its two-hundred day simple moving average is $536.97. Lockheed Martin has a 52 week low of $413.92 and a 52 week high of $618.95. The stock has a market cap of $108.83 billion, a PE ratio of 16.62, a P/E/G ratio of 4.05 and a beta of 0.48. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping 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%. As a group, analysts forecast that Lockheed Martin will post 26.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Lockheed Martin

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