Wells Fargo & Company Lowers Lockheed Martin (NYSE:LMT) Price Target to $468.00

Lockheed Martin (NYSE:LMT) had its target price cut by investment analysts at Wells Fargo & Company from $497.00 to $468.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 4.84% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. UBS Group dropped their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Morgan Stanley dropped their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus price target of $553.67.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $446.38 on Wednesday. The firm has a market cap of $105.07 billion, a PE ratio of 20.05, a PEG ratio of 2.07 and a beta of 0.48. The firm has a fifty day moving average of $466.57 and a 200 day moving average of $526.08. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin has a one year low of $419.70 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, research analysts predict that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LMT. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin in the third quarter valued at about $26,000. Millstone Evans Group LLC purchased a new stake in Lockheed Martin during the fourth quarter worth about $32,000. Mizuho Securities Co. Ltd. purchased a new stake in Lockheed Martin during the fourth quarter worth about $34,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the fourth quarter worth about $35,000. Finally, Capital Performance Advisors LLP purchased a new stake in Lockheed Martin during the third quarter worth about $40,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.