Lockheed Martin Corporation (NYSE:LMT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.5 by 12 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Berenberg downgrades the rating on Lockheed Martin Corporation (NYSE:LMT). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 31, 2016.
Lockheed Martin Corporation (NYSE:LMT) should head towards $244.3 per share according to 10 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $220 per share. The higher price estimate target is at $273 according to the Analysts.
Lockheed Martin Corporation (NYSE:LMT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.04% or 0.09 points. After the session commenced at $239.49, the stock reached the higher end at $239.85 while it hit a low of $238.31. With the volume soaring to 928,324 shares, the last trade was called at $238.55. The company has a 52-week high of $245.37. The company has a market cap of $72,627 million and there are 304,453,020 shares in outstanding. The 52-week low of the share price is $181.91.
Lockheed Martin Corporation has dropped 0.48% in the last five trading days, however, the shares have posted positive gains of 0.05% in the last 4 weeks. Lockheed Martin Corporation is up 8.82% in the last 3-month period. Year-to-Date the stock performance stands at 11.45%.
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.