Lockheed Martin Corporation (LMT) was Upgraded by Wells Fargo to ” Outperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on Sep 19, 2016.
Many Wall Street Analysts have commented on Lockheed Martin Corporation. Lockheed Martin Corporation was Upgraded by Wells Fargo to ” Outperform” on Sep 19, 2016. Lockheed Martin Corporation was Resumed by Citigroup to “Buy” on Sep 6, 2016. JP Morgan Initiated Lockheed Martin Corporation on Aug 25, 2016 to “Neutral”, Price Target of the shares are set at $284.
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 closed down -1.64 points or -0.69% at $237.45 with 2,892,900 shares getting traded on Friday. Post opening the session at $238.42, the shares hit an intraday low of $237.25 and an intraday high of $238.64 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.