Lockheed Martin Corp. [LMT] stock prices are up 0.60% to $453.08 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LMT shares have gain 0.15% over the last week, with a monthly amount glided 3.97%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lockheed Martin Corp. [NYSE: LMT] stock has seen the most recent analyst activity on April 15, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $518 from $475. Previously, UBS started tracking the stock with Neutral rating on October 11, 2023, and set its price target to $470. On October 04, 2023, Jefferies reiterated its Hold rating and revised its price target to $455 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $435 on September 28, 2023. Wells Fargo upgraded its rating to a Equal Weight but $440 remained the price target by the analyst firm on September 18, 2023. Susquehanna reiterated a Positive rating for this stock on July 19, 2023, and downed its price target to $550. In a note dated July 19, 2023, RBC Capital Mkts reiterated an Sector Perform rating on this stock and revised its target price from $500 to $475.
The stock price of Lockheed Martin Corp. [LMT] has been fluctuating between $393.77 and $508.10 over the past year. Currently, Wall Street analysts expect the stock to reach $461 within the next 12 months. Lockheed Martin Corp. [NYSE: LMT] shares were valued at $453.08 at the most recent close of the market. An investor can expect a potential return of 1.75% based on the average LMT price forecast.
Analyzing the LMT fundamentals
The Lockheed Martin Corp. [NYSE:LMT] reported sales of 67.57B for trailing twelve months, representing a drop of -0.62%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.79 and Total Capital is 0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.55.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 450.04 points at the first support level, and at 447.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 457.71, and for the 2nd resistance point, it is at 462.34.
Ratios To Look Out For
It’s worth pointing out that Lockheed Martin Corp. [NYSE:LMT]’s Current Ratio is 1.21. As well, the Quick Ratio is 1.03, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.61, the price to book ratio is 15.91 and price to earnings (TTM) ratio is 16.45.
Transactions by insiders
Recent insider trading involved Hill Stephanie C., Pres. Rotary & Mission Systems, that happened on Mar 06 ’24 when 4499.0 shares were sold. President Aeronautics, Ulmer Gregory M completed a deal on Mar 05 ’24 to sell 6204.0 shares. Meanwhile, SVP & General Counsel Lavan Maryanne sold 4022.0 shares on Mar 05 ’24.
