Lockheed Martin (NYSE:LMT) Stock Price Down 0.1% Following Analyst Downgrade

Lockheed Martin Co. (NYSE:LMT - Get Free Report) shares traded down 0.1% during mid-day trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $546.00 to $540.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Lockheed Martin traded as low as $481.50 and last traded at $483.38. 130,529 shares were traded during trading, a decline of 88% from the average session volume of 1,046,931 shares. The stock had previously closed at $483.97.

LMT has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a "buy" rating to a "hold" rating and decreased their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Susquehanna decreased their target price on Lockheed Martin from $695.00 to $590.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Robert W. Baird increased their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Citigroup increased their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada cut their price target on Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus price target of $584.40.

Institutional Investors Weigh In On Lockheed Martin

Large investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin during the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC bought a new stake in Lockheed Martin during the 2nd quarter worth approximately $27,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the 3rd quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in Lockheed Martin during the 3rd quarter worth approximately $42,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

The firm has a market capitalization of $116.29 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. The stock has a 50-day moving average of $506.28 and a 200 day moving average of $534.89. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts' consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $6.77 EPS. On average, research analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

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.