Analyst Price Target Update on Lockheed Martin Corporation (NYSE:LMT)

Lockheed Martin Corporation (NYSE:LMT): According to 9 Analysts, The short term target price has been estimated at $ 241.89.The target price could deviate by a maximum of $16.01 from the forecast price. In the near term, the target price could hit a high of $273 and a low of $ 220.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Berenberg, downgrades their rating on the shares of Lockheed Martin Corporation (NYSE:LMT). Berenberg has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 31, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Lavan Maryanne, officer (SVP & General Counsel) of Lockheed Martin Corp, had unloaded 21,720 shares at an average price of $233.17 in a transaction dated on April 28, 2016. The total value of the transaction was worth $5,064,452.

Lockheed Martin Corporation (NYSE:LMT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 2.63 points or 1.09% at $237.95 with 1,076,282 shares getting traded. Post opening the session at $240.01, the shares hit an intraday low of $237.91 and an intraday high of $240.7 and the price was in this range throughout the day. The company has a market cap of $72,445 million and the number of outstanding shares have been calculated to be 304,453,020 shares. The 52-week high of Lockheed Martin Corporation (NYSE:LMT) is $245.37 and the 52-week low is $181.91.

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.

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