Lockheed Martin Corp Gets a Hold Rating from Cowen & Co.

By Austin Angelo

In a report released today, Cai Rumohr from Cowen & Co. assigned a Hold rating to Lockheed Martin Corp (NYSE: LMT), with a price target of $310. The company’s shares closed yesterday at $300.20, close to its 52-week high of $308.48.

Rumohr observed:

“While order timing is an issue and “Rev Rec” will impact 2017-18 GAAP EPS.”

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 13.4% and a 76.4% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Transdigm Group Inc, and Huntington Ingalls.

Lockheed Martin Corp has an analyst consensus of Moderate Buy, with a price target consensus of $305.75.

The company has a one year high of $308.48 and a one year low of $228.50. Currently, Lockheed Martin Corp has an average volume of 1M.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. Last month, Bruce Tanner, the EVP & CFO of LMT sold 49,700 shares for a total of $15,208,200.

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.

Lockheed Martin Corp. engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following segments: Aeronautics, Missiles & Fire Control, Rotary & Mission Systems, and Space Systems.