Lockheed Martin Corporation (LMT) : 12 analysts are covering Lockheed Martin Corporation (LMT) and their average rating on the stock is 2.5, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Lockheed Martin Corporation (LMT) : 10 Wall Street analysts covering Lockheed Martin Corporation (LMT) believe that the average level the stock could reach for the short term is $244.3. The maximum price target given is $273 and the minimum target for short term is around $220, hence the standard deviation is calculated at $16.91.
Lockheed Martin Corporation (NYSE:LMT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $250.95 and $247.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $251.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $250.08, notching a gain of 0.23% for the day. The total traded volume was 1,387,397 . The stock had closed at $249.51 on the previous day.
Also, Berenberg downgrades its rating on Lockheed Martin Corporation (NYSE:LMT). Analysts at the Berenberg have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 31, 2016. The company shares have rallied 31.29% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $250.38 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $240.52 and the 200 Day Moving Average price is recorded at $225.61.
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 Companys 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.