Lockheed Martin Corporation (NYSE:LMT) : The consensus on Lockheed Martin Corporation (NYSE:LMT) based on 12 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Lockheed Martin Corporation (NYSE:LMT) stock is expected to deviate a maximum of $16.91 from the average target price of $244.3 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $273 and the most muted being $220.
Company shares have received an average consensus rating of Hold for the current week Also, Berenberg downgrades their rating on the shares of Lockheed Martin Corporation (NYSE:LMT). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 31, 2016.
Lockheed Martin Corporation (NYSE:LMT): stock turned positive on Tuesday. Though the stock opened at $240.11, the bulls momentum made the stock top out at $240.96 level for the day. The stock recorded a low of $237.65 and closed the trading day at $240.91, in the green by 0.68%. The total traded volume for the day was 1,994,741. The stock had closed at $239.29 in the previous days trading.
In an insider trading activity,The officer (SVP & General Counsel) of Lockheed Martin Corp, Lavan Maryanne sold 21,720 shares at $233.17 on April 28, 2016. The Insider selling transaction had a total value worth of $5,064,452. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.