Economy

Lockheed Martin Corporation (LMT) Earns Hold Rating from Jefferies Group LLC

Lockheed Martin Corporation (LMT) Earns Hold Rating from Jefferies Group LLC

For the next year, analysts expect that the company will report earnings of $14.09 per share, with EPS estimates ranging from $12.95 to $14.90. About 50,019 shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since July 25, 2016 and is uptrending. It has underperformed by 2.51% the S&P500. On November 9 the company was set at "Buy" by Deutsche Bank which is up from the previous "Hold" rating. Therefore 62% are positive. As per Wednesday, November 18, the company rating was reinitiated by Credit Suisse. The stock of ICON PLC (NASDAQ:ICLR) has "Buy" rating given on Friday, October 14 by Evercore. As per Friday, December 16, the company rating was upgraded by Goldman Sachs. As per Friday, August 19, the company rating was maintained by Telsey Advisory Group. On Wednesday, April 5 the stock rating was downgraded by IBC to "Sector Perform". The firm has "Hold" rating by Zacks given on Thursday, August 6. RBC Capital Markets maintained it with "Hold" rating and $26300 target in Monday, July 10 report. Barclays Capital has "Underweight" rating and $225 target. Stockholders of record on Friday, September 1st will be paid a $1.82 dividend. Its down 0.04, from 0.75 in 2016Q3. The stock grabbed 89 new institutional investments totaling 1,097,079 shares while 86 institutional investors sold out their entire positions totaling 954,068 shares. 123 funds opened positions while 431 raised stakes. RBC Capital Markets maintained Lockheed Martin Corporation (NYSE:LMT) on Wednesday, January 25 with "Sector Perform" rating. 128,595 were accumulated by Tru Department Mb Bancorp N A. Sumitomo Mitsui Asset Management Ltd reported 80,047 shares.

Shares of Lockheed Martin Corporation (NYSE:LMT) traded up 0.40% during mid-day trading on Wednesday, hitting $290.28. Corporate insiders own 0.39% of the company's stock. Bancorpsouth Inc, a Mississippi-based fund reported 12,610 shares. Lockheed Martin Corporation has a 12 month low of $228.50 and a 12 month high of $287.85. Hermes Inv Management Ltd accumulated 159,282 shares. 880 are owned by Oarsman Inc.

COPYRIGHT VIOLATION WARNING: "Lockheed Martin Corporation (LMT) Earns Hold Rating from Jefferies Group LLC" was published by Sports Perspectives and is the sole property of of Sports Perspectives. Cantab Capital Partners Limited Liability Partnership reported 5,708 shares. Lockheed Martin Corporation had a net margin of 10.37% and a return on equity of 221.92%. Macroview Inv Lc owns 67 shares. Hutchin Hill Capital Limited Partnership holds 0.06% or 6,700 shares in its portfolio. British Columbia Investment Management reported 0.3% in Lockheed Martin Corporation (NYSE:LMT). Cue Fincl Gp holds 4,674 shares or 0.26% of its portfolio.

Stonerise Capital Management Llc holds 9.82% of its portfolio in Global Eagle Entertainment Inc for 1.33 million shares. It also reduced its holding in Johnson & Johnson (NYSE:JNJ) by 37,025 shares in the quarter, leaving it with 111,713 shares, and cut its stake in Cisco Systems Inc. Under Armour Inc Class A (NYSE:UA) was reduced too.

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Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.67 average brokerage recommendation. In the last 90 days, insiders sold 45,316 shares of company stock valued at $12,980,541. Zacks Investment Research lowered Lockheed Martin Corporation from a "hold" rating to a "sell" rating in a research note on Tuesday. Therefore 56% are positive. BidaskClub downgraded Lockheed Martin Corporation from a buy rating to a hold rating in a research report on Tuesday, June 27th. The stock of CVS Health Corp (NYSE:CVS) earned "Buy" rating by Tigress Financial on Friday, April 28. FBR Capital upgraded it to "Outperform" rating and $10 target in Monday, August 31 report. On Tuesday, July 18 the stock rating was maintained by Stifel Nicolaus with "Buy". The rating was upgraded by RBC Capital Markets to "Outperform" on Wednesday, January 6.

Institutional investors now hold around $66.68 billion or 80.1% in LMT stock. Old National Bank & Trust In reported 10,407 shares. The stock of Lockheed Martin Corporation (NYSE:LMT) has "Buy" rating given on Monday, November 14 by Stifel Nicolaus. Jefferies maintained it with "Hold" rating and $26500 target in Wednesday, July 19 report. The company has a market cap of $83.26 billion, a price-to-earnings ratio of 16.78 and a beta of 0.60. The Firm is formed to grow a portfolio of natural gas terminaling, processing, storage, transportation and related assets. It has a 33.09 P/E ratio. The Company's divisions include Originations, Servicing, Financing and Other. Dreyfus High Yield Strategies Fund (NYSE:DHF) has risen 9.06% since July 24, 2016 and is uptrending. It has underperformed by 14.11% the S&P500.

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