Lockheed Martin Corporation (LMT) is Resumed by Citigroup to Buy

Lockheed Martin Corporation (LMT) was Resumed by Citigroup to “Buy”. Citigroup advised their investors in a research report released on Sep 6, 2016.

Many Wall Street Analysts have commented on Lockheed Martin Corporation. JP Morgan Initiated Lockheed Martin Corporation on Aug 25, 2016 to “Neutral”, Price Target of the shares are set at $284.Goldman Resumed Lockheed Martin Corporation on Aug 24, 2016 to “Neutral”, Price Target of the shares are set at $245.

On the company’s financial health, Lockheed Martin Corporation reported $3.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.39 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $2.93. The company had revenue of $12914.00 million for the quarter, compared to analysts expectations of $12576.52 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 EPS.

Lockheed Martin Corporation opened for trading at $243.13 and hit $243.84 on the upside on Thursday, eventually ending the session at $243.61, with a gain of 0.26% or 0.64 points. The heightened volatility saw the trading volume jump to 13,37,103 shares. Company has a market cap of $73,791 M.

In a different news, on Aug 5, 2016, Sondra L Barbour (Executive Vice President) sold 66,460 shares at $255.89 per share price. According to the SEC, 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, 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.

Lockheed Martin Corporation

Leave a Reply

Lockheed Martin Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Lockheed Martin Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.