A share price of Lockheed Martin Corp. [LMT] is currently trading at $548.77, down -0.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The LMT shares have gain 4.57% over the last week, with a monthly amount glided 17.75%, 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 31, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $635 from $465. Previously, Deutsche Bank upgraded its rating to Buy on July 26, 2024, and elevated its price target to $600. On July 24, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $560 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $518 on April 15, 2024. UBS initiated its recommendation with a Neutral and recommended $470 as its price target on October 11, 2023. Jefferies reiterated a Hold rating for this stock on October 04, 2023, and downed its price target to $455. In a note dated September 28, 2023, Deutsche Bank initiated an Hold rating and provided a target price of $435 on this stock.
Lockheed Martin Corp. experienced fluctuations in its stock price throughout the past year between $393.77 and $549.12. Currently, Wall Street analysts expect the stock to reach $491.71 within the next 12 months. Lockheed Martin Corp. [NYSE: LMT] shares were valued at $548.77 at the most recent close of the market. An investor can expect a potential drop of -10.4% based on the average LMT price forecast.
Analyzing the LMT fundamentals
Trailing Twelve Months sales for Lockheed Martin Corp. [NYSE:LMT] were 71.07B which represents 8.56% growth. 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 539.73 points at the first support level, and at 530.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 559.46, and for the 2nd resistance point, it is at 570.16.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lockheed Martin Corp. [NYSE:LMT] is 1.24. On the other hand, the Quick Ratio is 1.07, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 1.84, the price to book ratio is 21.06 and price to earnings (TTM) ratio is 19.91.
Transactions by insiders
Recent insider trading involved STEPHANIE C HILL TODNAMED BENE, Officer, that happened on Aug 01 ’24 when 3272.0 shares were purchased. Pres. Missiles & Fire Control, Cahill Timothy S completed a deal on Jul 24 ’24 to sell 3975.0 shares. Meanwhile, Pres. Rotary & Mission Systems Hill Stephanie C. sold 4499.0 shares on Mar 06 ’24.
