In a report released yesterday, Kenneth Herbert from RBC Capital maintained a Hold rating on Lockheed Martin (LMT – Research Report), with a price target of $475.00. The company’s shares opened today at $443.31.
Herbert covers the Industrials sector, focusing on stocks such as Boeing, VSE, and HEICO. According to TipRanks, Herbert has an average return of 19.4% and a 64.19% success rate on recommended stocks.
In addition to RBC Capital, Lockheed Martin also received a Hold from TD Cowen’s Cai von Rumohr in a report issued today. However, on the same day, Citi assigned a Buy rating to Lockheed Martin (NYSE: LMT).
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Based on Lockheed Martin’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $16.88 billion and a net profit of $1.68 billion. In comparison, last year the company earned a revenue of $16.58 billion and had a net profit of $1.78 billion
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LMT in relation to earlier this year.
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Lockheed Martin (LMT) Company Description:
Headquartered in Bethesda, Maryland, Lockheed Martin Corp. is a global security and aerospace company and is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The majority of Lockheed Martin’s business is with the U.S. Department of Defense and U.S. federal government agencies. Lockheed Martin’s business is also comprised of international government and commercial sales of products, services and platforms. The company’s operating units are divided into four categories including, Aeronautics, Missiles and Fire Control, Rotary and Mission Systems and Space Systems.
Read More on LMT:
- Unusually active option classes on open October 17th
- Lockheed Martin (NYSE:LMT) Drops as Aeronautics Segment Disappoints
- Lockheed Martin sees FY23 Aeronautics sales $26.8B-$27B
- Lockheed Martin reaffirms FY23 segment operating profit view $7.325B-$7.375B
- Lockheed Martin backs FY23 cash from operations greater than, equal to $8.15B
