In a report released today, Douglas Harned from Bernstein maintained a Hold rating on Lockheed Martin (LMT – Research Report), with a price target of $482.00. The company’s shares closed yesterday at $428.24.
Harned covers the Industrials sector, focusing on stocks such as Boeing, Lockheed Martin, and Raytheon Technologies. According to TipRanks, Harned has an average return of 5.8% and a 54.32% success rate on recommended stocks.
Currently, the analyst consensus on Lockheed Martin is a Hold with an average price target of $477.57.
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LMT market cap is currently $104.5B and has a P/E ratio of 15.70.
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Lockheed Martin (LMT) Company Description:
Headquartered in Bethesda, Maryland, Lockheed Martin Corp. is a global security and aerospace company and is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The majority of Lockheed Martin’s business is with the U.S. Department of Defense and U.S. federal government agencies. Lockheed Martin’s business is also comprised of international government and commercial sales of products, services and platforms. The company’s operating units are divided into four categories including, Aeronautics, Missiles and Fire Control, Rotary and Mission Systems and Space Systems.
Read More on LMT:
- Lockheed Martin Takes Next Step in Homeland Missile Defense Interceptor Acquisition Process
- L3Harris looking like a buy as military stocks struggle, Barron’s says
- Jefferies aerospace/defense analysts to hold analyst/industry conference call
- Lockheed Martin selloff on Reuters report overdone, says Citi
- Lockheed Martin down 3% after report of F-35 order cuts
