At the time of writing, Lockheed Martin Corp. [LMT] stock is trading at $605.86, up 3.64%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LMT shares have gain 4.71% over the last week, with a monthly amount glided 6.65%, 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 September 03, 2024, when Melius upgraded its rating to a Buy but kept the price target unchanged to $704 for it. Previously, RBC Capital Mkts upgraded its rating to Outperform on August 05, 2024, and elevated its price target to $600. On July 31, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $635 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $600 on July 26, 2024. TD Cowen upgraded its rating to a Buy and raised its price target to $560 on July 24, 2024. JP Morgan upgraded its rating to Overweight for this stock on April 15, 2024, and upped its price target to $518. In a note dated October 11, 2023, UBS initiated an Neutral rating and provided a target price of $470 on this stock.
For the past year, the stock price of Lockheed Martin Corp. fluctuated between $393.77 and $584.95. Currently, Wall Street analysts expect the stock to reach $512.22 within the next 12 months. Lockheed Martin Corp. [NYSE: LMT] shares were valued at $605.86 at the most recent close of the market. An investor can expect a potential drop of -15.46% based on the average LMT price forecast.
Analyzing the LMT fundamentals
According to Lockheed Martin Corp. [NYSE:LMT], the company’s sales were 71.07B for trailing twelve months, which represents an 8.56% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.12.
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 588.02 points at the first support level, and at 570.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 617.60, and for the 2nd resistance point, it is at 629.33.
Ratios To Look Out For
It is important to note that Lockheed Martin Corp. [NYSE:LMT] has a current ratio of 1.24. Also, the Quick Ratio is 1.07, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 2.03, the price to book ratio is 23.25 and price to earnings (TTM) ratio is 21.99.
Transactions by insiders
Recent insider trading involved Hill Stephanie C., Pres. Rotary & Mission Systems, that happened on Aug 01 ’24 when 3272.0 shares were sold. Officer, STEPHANIE C HILL TODNAMED BENE completed a deal on Aug 01 ’24 to buy 3272.0 shares. Meanwhile, Pres. Missiles & Fire Control Cahill Timothy S sold 3975.0 shares on Jul 24 ’24.
