Lockheed Martin Corp. [LMT] stock is trading at $524.80, up 0.65%. 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 10.50% over the last week, with a monthly amount glided 12.38%, 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 July 26, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $600 from $540. Previously, TD Cowen upgraded its rating to Buy on July 24, 2024, and elevated its price target to $560. On April 15, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $518 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $470 on October 11, 2023. Jefferies reiterated its recommendation of a Hold and reduced its price target to $455 on October 04, 2023. Deutsche Bank started tracking with a Hold rating for this stock on September 28, 2023, and assigned it a price target of $435. In a note dated September 18, 2023, Wells Fargo upgraded an Equal Weight rating on this stock but restated the target price of $440.
Lockheed Martin Corp. [LMT] stock has fluctuated between $393.77 and $526.69 over the past year. Currently, Wall Street analysts expect the stock to reach $476.81 within the next 12 months. Lockheed Martin Corp. [NYSE: LMT] shares were valued at $524.80 at the most recent close of the market. An investor can expect a potential drop of -9.14% based on the average LMT price forecast.
Analyzing the LMT fundamentals
Lockheed Martin Corp. [NYSE:LMT] reported sales of 71.07B for the trailing twelve months, which represents a growth of 8.56%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.93 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.12.
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 520.33 points at the first support level, and at 515.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 528.96, and for the 2nd resistance point, it is at 533.11.
Ratios To Look Out For
For context, Lockheed Martin Corp.’s Current Ratio is 1.24. As well, the Quick Ratio is 1.07, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 20.14 and price to earnings (TTM) ratio is 19.04.
Transactions by insiders
Recent insider trading involved Cahill Timothy S, Pres. Missiles & Fire Control, that happened on Jul 24 ’24 when 3975.0 shares were sold. Pres. Rotary & Mission Systems, Hill Stephanie C. completed a deal on Mar 06 ’24 to sell 4499.0 shares. Meanwhile, President Aeronautics Ulmer Gregory M sold 6204.0 shares on Mar 05 ’24.
