Lockheed Martin Corporation (LMT) has an average broker rating of 2.45, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Lockheed Martin Corporation (LMT) : The most positive equity analysts on Lockheed Martin Corporation (LMT) expects the shares to touch $297, whereas, the least positive believes that the stock will trade at $225 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $260.75 with an expected fluctuation of $23.62 from the mean.
Company shares have received an average consensus rating of Hold for the current week Lockheed Martin Corporation (NYSE:LMT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $261.50 and $260.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $264.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $262.54, notching a gain of 0.47% for the day. The total traded volume was 12,648,897 . The stock had closed at $261.30 on the previous day.
In a related news,The officer (Executive Vice President) of Lockheed Martin Corp, Barbour Sondra L sold 66,460 shares at $255.89 on August 3, 2016. The Insider selling transaction had a total value worth of $17,006,449. 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.