In a report released yesterday, Robert Spingarn from Credit Suisse maintained a Hold rating on Lockheed Martin Corp (NYSE: LMT), with a price target of $335. The company’s shares opened today at $313.31.
According to TipRanks.com, Spingarn is a 5-star analyst with an average return of 14.9% and a 71.2% success rate. Spingarn covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Transdigm Group Inc, and L3 Technologies Inc.
Lockheed Martin Corp has an analyst consensus of Moderate Buy, with a price target consensus of $352.50.
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Based on Lockheed Martin Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $11.64 billion and net profit of $1.16 billion. In comparison, last year the company earned revenue of $12.69 billion and had a net profit of $942 million.
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Lockheed Martin Corp. engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
