Lockheed Martin Corp (NYSE:LMT):
U.S. Navy Accepts Fifth Lockheed Martin-Built MUOS Satellite for New Secure Global Military Cellular Network.
The company is so far trading up since yesterday’s close of 310.61.
Lockheed Martin Corporation, launched on August 29, 1994, is a security and aerospace company. The Company is involved in the research, design, development, manufacture, integration and sustainment of technology systems, products and services. The Company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS), and Space Systems. The Company also provides a range of management, engineering, technical, scientific, logistics, system integration and cybersecurity services. Its main areas of focus are in defense, space, intelligence and homeland security. The Company serves both the United States and international customers with products and services that have defense, civil and commercial applications, with its principal customers being agencies of the United States Government..
The P/E ratio is 25.23 and market cap is 89.23B. As of the latest earnings report the EPS was $12.33 with 286.73M shares outstanding.
Investors are more bearish on shares of the company of late if you pay attention to the motion in short interest. The firm had a rise in short interest from September 29, 2017 to October 13, 2017 of 9.12%. Short shares increased from 2,203,931 to 2,404,849 over that timeframe. Days to cover increased 1.0 to 3.0 and the percentage of shorted shares is 0.01% as of October 13.
Ratings firms have released ratings on the company. Bank of America Corporation updated coverage of LMT with a rating of “Buy” and projecting a price target of $360.00. On October 25 Cowen and Company kept the stock rating at “Hold” targeting a price of $320.00.
Royal Bank Of Canada lowered the price target on October 25 changing the forecast from $327.00 to $316.00 and issued a “Sector Perform” recommendation. October 25 investment analysts at Credit Suisse Group held the stock rating at “Neutral” with a current price target of $308.00.
Equity analyst Stifel Nicolaus raised the price target on October 25 boosting the projection from $320.00 to $340.00 and issued a “Buy” rating. Buckingham Research raised the price target of the stock on October 5 changing the price objective from $316.00 to $348.00 with a “Buy” recommendation.