In a report released today, Cai Rumohr from Cowen & Co. maintained a Buy rating on Lockheed Martin Corp (LMT), with a price target of $395.00. The company’s shares closed last Monday at $372.53.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 12.8% and a 66.8% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lockheed Martin Corp with a $396.17 average price target.
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Based on Lockheed Martin Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $14.43 billion and net profit of $1.42 billion. In comparison, last year the company earned revenue of $14.32 billion and had a net profit of $1.47 billion.
Based on the recent corporate insider activity of 39 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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