In a report released today, Sheila Kahyaoglu from Jefferies maintained a Hold rating on Lockheed Martin (LMT – Research Report), with a price target of $505.00. The company’s shares closed last Wednesday at $445.95.
According to TipRanks.com, Kahyaoglu is a 5-star analyst with an average return of 9.3% and a 69.7% success rate. Kahyaoglu covers the Technology sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and Science Applications.
Lockheed Martin has an analyst consensus of Moderate Buy, with a price target consensus of $457.87, a 2.7% upside from current levels. In a report issued on March 21, Cowen & Co. also maintained a Hold rating on the stock with a $435.00 price target.
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The company has a one-year high of $479.99 and a one-year low of $324.23. Currently, Lockheed Martin has an average volume of 2.48M.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LMT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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