Zacks Investment Research downgraded Lockheed Martin Corporation (NYSE:LMT) to Sell in a report released today.
- Updated: September 21, 2016
Yesterday Lockheed Martin Corporation (NYSE:LMT) traded 1.39% higher at $241.69. LMT’s 50-day average is $248.86 and its two hundred day average is $239.80. With the last stock price close up 1.67% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 1,660,536 shares of LMT changing hands under the typical 3,667,430
Zacks Investment Research has downgraded Lockheed Martin Corporation (NYSE:LMT) to Sell in a report released on 09/21/2016.
Previously on Monday September 19, 2016, Wells Fargo & Co. reported on Lockheed Martin Corporation (NYSE:LMT) raised the target price from $199.01 to $237.45. At the time, this indicated a possible upside of 0%.
With a total market value of $0, Lockheed Martin Corporation has price-earnings ratio of 20.30 with a one year low of $199.01 and a one year high of $266.93 .
A total of 16 analysts have released a research note on the stock. 6 firms rating the stock a strong buy, 4 firms rating the stock a buy, 8 brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $242.44.
General Company Details For Lockheed Martin Corporation (NYSE:LMT)
Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, integration and sustainment of advanced technology systems, products and services. It operates in five segments: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems. Its Aeronautics segment is engaged in the development, manufacture, support and upgrade of advanced military aircraft. The IS&GS provides network-enabled situational awareness and integrates global systems to help its customers gather, analyze and securely distribute critical data. Its MFC segment provides air and missile defense systems, and logistics services. Its MST segment provides manufacture, service and support for various military and civil helicopters. Its Space Systems segment is engaged in the design, engineering and production of satellites.
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