Lockheed Martin Corp. [LMT] stock is trading at $559.42, up 0.45%. An important factor to consider is whether the stock is rising or falling in short-term value. The LMT shares have gain 3.30% over the last week, with a monthly amount glided 20.60%, 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 August 05, 2024, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $600 from $500. Previously, BofA Securities upgraded its rating to Buy on July 31, 2024, and elevated its price target to $635. On July 26, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $600 on the stock. TD Cowen upgraded its rating to a Buy and increased its price target to $560 on July 24, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $518 on April 15, 2024. UBS started tracking with a Neutral rating for this stock on October 11, 2023, and assigned it a price target of $470. In a note dated October 04, 2023, Jefferies reiterated an Hold rating on this stock and revised its target price from $505 to $455.
Lockheed Martin Corp. [LMT] stock has fluctuated between $393.77 and $562.60 over the past year. Currently, Wall Street analysts expect the stock to reach $500.94 within the next 12 months. Lockheed Martin Corp. [NYSE: LMT] shares were valued at $559.42 at the most recent close of the market. An investor can expect a potential drop of -10.45% 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 554.59 points at the first support level, and at 549.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 561.97, and for the 2nd resistance point, it is at 564.52.
Ratios To Look Out For
For context, Lockheed Martin Corp.’s Current Ratio 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 1.88, the price to book ratio is 21.47 and price to earnings (TTM) ratio is 20.30.
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. Rotary & Mission Systems, Hill Stephanie C. completed a deal on Aug 01 ’24 to sell 3272.0 shares. Meanwhile, Pres. Missiles & Fire Control Cahill Timothy S sold 3975.0 shares on Jul 24 ’24.
