Lockheed Martin Corp (LMT) Gets a Hold Rating from Jefferies

By Carrie Williams

In a report released yesterday, Sheila Kahyaoglu from Jefferies reiterated a Hold rating on Lockheed Martin Corp (LMTResearch Report), with a price target of $274. The company’s shares closed yesterday at $269.87.

According to TipRanks.com, Kahyaoglu is a 1-star analyst with an average return of -1.1% and a 43.2% success rate. Kahyaoglu covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Transdigm Group Inc, and Esterline Techs.

Currently, the analyst consensus on Lockheed Martin Corp is a Moderate Buy with an average price target of $349.78.

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Based on Lockheed Martin Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $14.32 billion and net profit of $1.47 billion. In comparison, last year the company earned revenue of $15.14 billion and had a GAAP net loss of $642 million.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.