Business

Morgan Stanley Trims Lockheed Martin (LMT) Target Price to $373.00

Lockheed Martin (NYSE:LMT) had its price target reduced by Morgan Stanley from $388.00 to $373.00 in a research note published on Thursday morning. Morgan Stanley currently has an overweight rating on the aerospace company’s stock.

A number of other research analysts have also recently issued reports on LMT. Vetr cut Lockheed Martin from a buy rating to a hold rating and set a $332.40 price objective for the company. in a report on Thursday, January 4th. Wells Fargo cut Lockheed Martin from an outperform rating to a market perform rating in a report on Tuesday, January 16th. Zacks Investment Research raised Lockheed Martin from a hold rating to a buy rating and set a $373.00 price objective for the company in a report on Friday, January 19th. Credit Suisse Group reissued a neutral rating on shares of Lockheed Martin in a report on Friday, January 19th. Finally, Royal Bank of Canada set a $348.00 price objective on Lockheed Martin and gave the company a hold rating in a report on Tuesday, January 23rd. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $374.14.

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Shares of NYSE LMT opened at $342.60 on Thursday. The firm has a market cap of $97,916.52, a price-to-earnings ratio of 25.70, a P/E/G ratio of 3.01 and a beta of 0.72. Lockheed Martin has a 52-week low of $266.01 and a 52-week high of $363.00. The company has a debt-to-equity ratio of -22.19, a current ratio of 1.38 and a quick ratio of 1.03.

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