Lockheed Martin Corp. (NYSE:LMT) does about 1.02M shares in volume on a normal day but saw 1016587 shares change hands in the recent trading day. The company now has a market cap of 129.09B USD. Its current market price is $541.56, marking a decrease of -0.70% compared to the previous close of $545.38. The 52 week high reached by this stock is $562.60 whilst the lowest price level in 52 weeks is $393.77. The script in recent trading has seen the stock touch a high of $635 and a low of $332.
Lockheed Martin Corp. (LMT) has a 20-day trading average at $503.68 and the current price is -3.74% off the 52-week high compared with 37.53% distance from its 52-week low. The 50-day simple moving average of the closing price is $480.13 and its 200-day simple moving average is $455.48. If we look at the stock’s price movements over the week, volatility stands at 2.58%, which decreases to 1.98% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 81.54 to suggest the stock is overbought.
The consensus objective for the share price is $541.11, suggesting that the stock has a potential downside of -0.08% over the period. The median price target is -8.31% away from the current levels at $500.
4 analysts have rated it as a buy and 6 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 05, 2024 when RBC Capital Mkts upgraded the stock to “Outperform” and issued a price target of between $500 and $600. BofA Securities also upgraded the stock to “Buy” from Neutral on July 31, 2024 at a price target of $465-$635. Deutsche Bank upgraded its price target at $540-$600.
Lockheed Martin Corp. (LMT) stock is up 0.73% over the week and 17.28% over the past month. Its price is 19.49% year-to-date and 21.50% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 6.41 and 26.45 for whole year. Expected sales for next quarter are $18.49B, which analysts say will come at $71.09B for the current fiscal year and next year at $73.92B. In addition, estimates put the company’s current quarterly revenue at an average of $17.5B.
Its 12-month price target is $500. To reach the target analysts have set, the stock logically needs to shrink -0.08 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $332, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $635.
The company has a return on investment of 26.64% and return on equity of 87.40%. The price to earnings ratio (P/E ratio) amounts to 19.65 while the forward price to earnings ratio is 19.14. The beta has a value of 0.45. Price to book ratio is 20.79 and price to sales ratio is 1.82.
