Lockheed Martin (NYSE:LMT) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Key Points

• Goldman Sachs raised Lockheed Martin's target price from $398.00 to $425.00, but maintains a "sell" rating, indicating a potential downside of 15.86% from the previous close.
• Other analysts show a mixed outlook, with Susquehanna upgrading their target to $590.00 while several others adjusted targets downward or maintained "hold" ratings.
• Lockheed Martin reported $7.29 EPS for the last quarter, exceeding analyst expectations, and has set FY 2025 guidance at 21.700-22.000 EPS.

Lockheed Martin (NYSE:LMT - Get Free Report) had its target price boosted by equities researchers at The Goldman Sachs Group from $398.00 to $425.00 in a research note issued on Friday,MarketScreener reports. The brokerage presently has a "sell" rating on the aerospace company's stock. The Goldman Sachs Group's target price would indicate a potential downside of 15.86% from the company's previous close.

A number of other research analysts have also recently issued reports on LMT. Susquehanna increased their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a "positive" rating in a report on Thursday. Vertical Research reaffirmed a "hold" rating and issued a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Royal Bank Of Canada dropped their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Finally, Bank of America dropped their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $503.53.

Lockheed Martin Trading Down 0.5%

NYSE LMT opened at $505.11 on Friday. The stock has a market capitalization of $117.92 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.78 and a beta of 0.28. Lockheed Martin has a 52-week low of $410.11 and a 52-week high of $618.95. The firm has a 50-day moving average price of $464.89 and a 200 day moving average price of $462.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts expect that Lockheed Martin will post 27.15 EPS for the current year.

Institutional Trading of Lockheed Martin

Hedge funds have recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin during the second quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin during the second quarter worth approximately $29,000. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $31,000. Frazier Financial Advisors LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $34,000. Finally, MTM Investment Management LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 74.19% of the company's stock.

About Lockheed Martin

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.