This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. This short term price target has been shared by 10 analysts. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. The contract from the US military comes hot on the heels of the $9 billion acquisition of Sikorsky Helicopter by Lockheed. The target price could hit $252 on the higher end and $185 on the lower end. They now have a “neutral” rating on the stock. 4 analysts have added the shares in their list of strong buys. The stock presently has an average rating of Hold and an average price target of $223.31. The current rating of the shares is Buy, according to the research report released by the firm. It announced two strategic moves – a spin-off or sale of its government IT and technical services businesses and the acquisition of Sikorsky – to strengthen its competitive position. The rating by Barclays was issued on Nov 9, 2015.
Advertisement
Sikorsky Aircraft will now be known as Sikorsky, a Lockheed Martin company.
9/23/2015 – Lockheed Martin had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. (NYSE:LMT) opened at 214.07 on Wednesday. The firm has a 50-day moving average of $211.77 and a 200 day moving average of $201.15. The company has a market cap of $66.02 billion and a P/E ratio of 19.06.
The Pentagon has disclosed that it awarded Lockheed Martin Corporation (NYSE:LMT) the contract to build 17 military transport planes of the C-130J model. 756,005 shares of the stock traded hands. The company had revenue of $11.50 billion for the quarter, compared to analyst estimates of $11.13 billion.
Now the company Insiders own 0.43% of Lockheed Martin Corporation shares according to the proxy statements.
Advertisement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Tuesday, December 1st will be given a $1.65 dividend. The ex-dividend date of this dividend is Friday, November 27th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 3.05%. Recent trading put Lockheed Martin Corporation stock at a 1.72 change from the 50 day moving average, which is +0.81%. The Company is engaged in the research, design, development, fabrication, integration and sustainment of advanced technology systems, products and services. The Company operates in five business segments based on the nature of the products and services offered, such as Aeronautics, Information Systems & Global Solutions, Missiles and Fire Control, Mission Systems and Training and Space Systems.
