Lockheed Martin (NYSE:LMT) Stock Rating Lowered by Deutsche Bank Aktiengesellschaft

Lockheed Martin (NYSE:LMT) was downgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Thursday, Marketbeat.com reports. They presently have a $523.00 target price on the aerospace company’s stock, down from their prior target price of $611.00. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 7.63% from the company’s previous close.

A number of other brokerages have also recently commented on LMT. Citigroup raised their price objective on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. TD Cowen upped their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada reduced their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Wells Fargo & Company cut their price target on Lockheed Martin from $602.00 to $543.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus price target of $605.36.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $485.94 on Thursday. The firm has a 50 day moving average of $522.71 and a 200-day moving average of $534.54. The company has a market cap of $115.18 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 4.05 and a beta of 0.47. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin has a 52 week low of $413.92 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.77 earnings per share. On average, equities analysts forecast that Lockheed Martin will post 26.88 earnings per share for the current year.

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin in the third quarter valued at $26,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin during the second quarter valued at about $27,000. Sachetta LLC increased its stake in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares in the last quarter. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin in the third quarter valued at approximately $32,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at approximately $40,000. Institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.