Lockheed Martin Corporation (NYSE:LMT) Has Just Had Its PT Raised by Analysts at Bernstein to $226.00


Stock Analysis:Lockheed Martin Corporation (NYSE:LMT) Target Raised

In a note revealed by Bernstein on Friday morning, Lockheed Martin Corporation (NYSE:LMT) had its target PPS raised to $226.00. The firm currently has a solid “Market-Perform” rating on shares.

From a total of 16 analysts covering Lockheed Martin Corporation (NYSE:LMT) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $252 while the lowest target price is $190. The mean of all analyst targets is $225.44 with a 3.48% above today’s ($218.39) stock price. Lockheed Martin Corporation was the topic of 15 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Barclays Capital downgraded shares on November 30 to “Underweight” rating. Citigroup maintained shares with “Buy” rating and $232 target share price in a report from an August 19. Argus Research maintained LMT stock in a recent report from October 22 with “Buy” rating. Finally, Zacks upgraded the stock to “Buy” rating in a report issued on a September 3.

The stock increased 1.33% or $2.87 on December 4, striking $218.39. Approximately shares of stock traded hands. Lockheed Martin Corporation (NYSE:LMT) has risen 15.13% since May 4, 2015 and is uptrending. It has outperformed by 16.21% the S&P500.

Lockheed Martin Corporation is a global security and aerospace company. The company has a market cap of $67.11 billion. The Firm is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, services and products. It has 19.38 P/E ratio. The Firm operates in five divisions: Aeronautics, Information Systems & Global Solutions , Missiles and Fire Control (MFC), Mission Systems and Training (MST) and Space Systems.

According to Zacks Investment Research, “Lockheed Martin Corp. is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. The corporation’s core businesses are systems integration, space, aeronautics, and technology services. (Company Press Release)” Get a free copy of the Zacks research report on Lockheed Martin Corporation (LMT).