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 3, which recommends a Hold 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) : Currently there are 9 street experts covering Lockheed Martin Corporation (LMT) stock. The most bullish and bearish price target for the stock is $297 and $225 respectively for the short term. The average price target of all the analysts comes to $258.89. The estimated standard deviation from the target is $22.78.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Berenberg downgrades its outlook on Lockheed Martin Corporation (NYSE:LMT). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on May 31, 2016.
Lockheed Martin Corporation (NYSE:LMT): The stock opened at $257.51 on Wednesday but the bulls could not build on the opening and the stock topped out at $257.75 for the day. The stock traded down to $254.75 during the day, due to lack of any buying support eventually closed down at $256.85 with a loss of -0.06% for the day. The stock had closed at $257.00 on the previous day. The total traded volume was 6,827,181 shares.
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.