Lockheed Martin Corporation (LMT) : 10 investment research analysts covering Lockheed Martin Corporation (LMT) have an average price target of $246.3 for the near short term. The highest target price given by the Brokerage Firm to the stock is $273 and the lowest target is $220 for the short term. Analysts expect the variance to be within $17.52 of the average price.
The short interest in Lockheed Martin Corporation (LMT) has increased from 2,439,084 on June 15,2016 to 2,779,397 on June 30,2016. The change was measured at 340,313 shares or 14%. The leftover shorts were 0.9% of the floated shares. The days to cover are 2, given the average daily volume of 1,544,627 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Major Brokerage house, Berenberg downgrades its ratings on Lockheed Martin Corporation (NYSE:LMT). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 31, 2016.
Lockheed Martin Corporation (NYSE:LMT): stock turned positive on Thursday. Though the stock opened at $257.19, the bulls momentum made the stock top out at $257.935 level for the day. The stock recorded a low of $254.7 and closed the trading day at $256, in the green by 0.04%. The total traded volume for the day was 3,324,242. The stock had closed at $255.9 in the previous days trading.
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.