Lockheed Martin Corp (NYSE: LMT) has reported earnings for its third fiscal quarter (ending September 30) of $6.83 versus $6.75 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $27.73 versus $27.48 for the same period a year ago.
Recent Price Action
Lockheed Martin Corp (NYSE: LMT) stock closed at $576.98 on 10/22/24 after a large decline of -6.1%. Moreover, exceptionally high trading volume at 243% of normal accompanied the decline. The stock has declined -5.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LMT is expected to continue to be a major Value Builder.
Lockheed Martin has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Lockheed Martin has a neutral Appreciation Score of 45 but a very high Power Rating of 93, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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