Credit Suisse analyst Robert Spingarn maintained a Hold rating on Lockheed Martin Corp (LMT) yesterday and set a price target of $297. The company’s shares closed yesterday at $283.51.
According to TipRanks.com, Spingarn is a 5-star analyst with an average return of 13.5% and a 65.2% 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 $322.50, representing a 13.8% upside. In a report issued on January 9, Morgan Stanley also downgraded the stock to Hold with a $300 price target.
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The company has a one-year high of $363 and a one-year low of $241.18. Currently, Lockheed Martin Corp has an average volume of 1.71M.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.
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Lockheed Martin Corp. is a global security and aerospace company, which 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.