Lockheed Martin Corporation (LMT) was Downgraded by Berenberg to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Berenberg advised their investors in a research report released on May 31, 2016.
Many Wall Street Analysts have commented on Lockheed Martin Corporation. RBC Capital Mkts Downgraded Lockheed Martin Corporation on May 19, 2016 to ” Sector Perform”, Price Target of the shares are set at $244.Lockheed Martin Corporation was Downgraded by Stifel to ” Hold” on May 13, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Underweight”, Firm has raised the Price Target to $ 225 from a previous price target of $215 .
On the company’s financial health, Lockheed Martin Corporation reported $2.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $2.61. The company had revenue of $11702.00 million for the quarter, compared to analysts expectations of $11384.05 million. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 EPS.
Lockheed Martin Corporation opened for trading at $240 and hit $240.82 on the upside on Friday, eventually ending the session at $240.09, with a gain of 0.08% or 0.2 points. The heightened volatility saw the trading volume jump to 7,94,137 shares. Company has a market cap of $73,096 M.
In a different news, on Apr 29, 2016, Maryanne Lavan (SVP & General Counsel) sold 21,720 shares at $233.17 per share price. According to the SEC, on Apr 29, 2016, Marillyn A Hewson (Chairman, Pres. & CEO) sold 25,000 shares at $233.38 per share price. On Mar 4, 2016, Sondra L Barbour (Executive Vice President) sold 19,587 shares at $216.80 per share price, according to the Form-4 filing with the securities and exchange commission.
Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research design development manufacture integration and sustainment of advanced technology systems products and services. The Company operates in five segments: Aeronautics Information Systems & Global Solutions (IS&GS) Missiles and Fire Control (MFC) Mission Systems and Training (MST) and Space Systems. The Company provides a range of management engineering technical scientific logistics and information services. The Company’s areas of focus are in defense space intelligence homeland security and information technology including cyber security. It serves both the United States and international customers with products and services that have defense civil and commercial applications.