Barclays Sticks to Its Hold Rating for Lockheed Martin (LMT)

In a report released today, David E. Strauss from Barclays maintained a Hold rating on Lockheed Martin (LMT – Research Report), with a price target of $480.00. The company’s shares closed yesterday at $467.55.

E. Strauss covers the Industrials sector, focusing on stocks such as Boeing, GE Aerospace, and Spirit AeroSystems. According to TipRanks, E. Strauss has an average return of 5.7% and a 58.87% success rate on recommended stocks.

Currently, the analyst consensus on Lockheed Martin is a Hold with an average price target of $486.23, which is a 4.00% upside from current levels. In a report released on April 24, Deutsche Bank also assigned a Hold rating to the stock with a $487.00 price target.

Based on Lockheed Martin’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $18.87 billion and a net profit of $1.87 billion. In comparison, last year the company earned a revenue of $18.99 billion and had a net profit of $1.91 billion

Based on the recent corporate insider activity of 28 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.

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.