Impact of Brokerage Rating on Lockheed Martin Corporation(LMT)

Many Lockheed Martin Corporation(LMT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Lockheed Martin Corporation was Reiterated by RBC Capital Mkts on Jan 25, 2017 to Sector Perform, Lowers Price Target to $ 263 from a previous price target of $265 .Lockheed Martin Corporation was Initiated by RBC Capital Mkts on Jan 12, 2017 to Sector Perform, Price Target of the shares are set at $265.

Company has reported several Insider transactions to the SEC, on Aug 5, 2016, Sondra L Barbour (Executive Vice President) sold 66,460 shares at 255.89 per share price.On Apr 29, 2016, Maryanne Lavan (SVP & General Counsel) sold 21,720 shares at 233.17 per share price.On Apr 29, 2016, Marillyn A Hewson (Chairman, Pres. & CEO) sold 25,000 shares at 233.38 per share price.

Lockheed Martin Corporation Last issued its quarterly earnings results on Jan 24, 2017. The company reported $3.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.21. Analyst had a consensus of $3.04. The company had revenue of $13752.00 million for the quarter, compared to analysts expectations of $12994.70 million. The companys revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.01 EPS.

Lockheed Martin Corporation (NYSE:LMT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.73 by 11 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.

Lockheed Martin Corporation (NYSE:LMT): According to 11 Analysts, The short term target price has been estimated at $ 281.91.The target price could deviate by a maximum of $21.64 from the forecast price. In the near term, the target price could hit a high of $312 and a low of $ 240.

Lockheed Martin Corporation (NYSE:LMT) rose 0.08% or 0.21 points on Tuesday and made its way into the gainers of the day. After trading began at $262.19 the stock was seen hitting $263.16 as a peak level and $261.85 as the lowest level. The stock ended up at $262.56. The daily volume was measured at 824,197 shares. The 52-week high of the share price is $269.9 and the 52-week low is $206.08. The company has a market cap of $76,225 million.

Lockheed Martin Corp. is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. The corporations core businesses are systems integration, space, aeronautics, and technology services. (Company Press Release)

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