Wells Fargo Remains a Hold on Lockheed Martin (LMT)

In a report released today, Matthew Akers from Wells Fargo maintained a Hold rating on Lockheed Martin (LMT – Research Report), with a price target of $460.00. The company’s shares closed yesterday at $447.90.

According to TipRanks, Akers is a 5-star analyst with an average return of 21.7% and an 83.33% success rate. Akers covers the Industrials sector, focusing on stocks such as General Electric, Raytheon Technologies, and Hexcel.

Lockheed Martin has an analyst consensus of Hold, with a price target consensus of $478.07, which is a 6.74% upside from current levels. In a report released on April 2, UBS also maintained a Hold rating on the stock with a $482.00 price target.

LMT market cap is currently $108.2B and has a P/E ratio of 16.26.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LMT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.