Lockheed Martin (LMT) Gets a Hold from RBC Capital

In a report released on April 19, Kenneth Herbert from RBC Capital maintained a Hold rating on Lockheed Martin (LMT – Research Report), with a price target of $470.00. The company’s shares closed yesterday at $461.33.

Herbert covers the Industrials sector, focusing on stocks such as Boeing, Airbus Group SE, and GE Aerospace. According to TipRanks, Herbert has an average return of 18.2% and a 62.53% success rate on recommended stocks.

Lockheed Martin has an analyst consensus of Hold, with a price target consensus of $482.36, representing a 4.56% upside. In a report released on April 15, Jefferies also maintained a Hold rating on the stock with a $485.00 price target.

LMT market cap is currently $111.6B and has a P/E ratio of 16.84.

Based on the recent corporate insider activity of 27 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.

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Lockheed Martin (LMT) Company Description:

Headquartered in Bethesda, Maryland, Lockheed Martin Corp. is a global security and aerospace company and is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The majority of Lockheed Martin’s business is with the U.S. Department of Defense and U.S. federal government agencies. Lockheed Martin’s business is also comprised of international government and commercial sales of products, services and platforms. The company’s operating units are divided into four categories including, Aeronautics, Missiles and Fire Control, Rotary and Mission Systems and Space Systems.