Morgan Stanley Reaffirms Their Hold Rating on Lockheed Martin Corp (LMT)

By Jason Carr

Morgan Stanley analyst Rajeev Lalwani maintained a Hold rating on Lockheed Martin Corp (LMTResearch Report) today and set a price target of $381.00. The company’s shares closed last Monday at $385.48, close to its 52-week high of $399.96.

According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 5.4% and a 65.5% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and Hawaiian Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lockheed Martin Corp with a $396.17 average price target, a 3.2% upside from current levels. In a report issued on October 8, Barclays also maintained a Hold rating on the stock with a $410.00 price target.

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Based on Lockheed Martin Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $14.43 billion and net profit of $1.42 billion. In comparison, last year the company earned revenue of $14.32 billion and had a net profit of $1.47 billion.

Based on the recent corporate insider activity of 39 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.