Morgan Stanley Cuts Lockheed Martin (NYSE:LMT) Price Target to $373.00

  • Morgan Stanley Cuts Lockheed Martin (NYSE:LMT) Price Target to $373.00

Morgan Stanley Cuts Lockheed Martin (NYSE:LMT) Price Target to $373.00

Lockheed Martin Corp has $101.03B market cap.

Lockheed Martin Corporation (LMT) opened the session with a $351.96 price tag, later ranging from $350.18 to $354.21, the range at which the stock has traded at throughout the day. 1,182,456 shares of the company's stock were exchanged, compared to its average volume of 1,527,822. MFS Intermediate Income Trust (NYSE:MIN) has declined 7.63% since April 20, 2017 and is downtrending. Jupiter Asset Management Ltd sold 10,300 shares as the company's stock rose 6.55% while stock markets declined. The institutional investor held 8,209 shares of the 2007 company at the end of 2017Q4, valued at $1.84M, down from 11,395 at the end of the previous reported quarter. Connors Investor Services Inc who had been investing in Triangle Capital Corp for a number of months, seems to be less bullish one the $563.81M market cap company. The stock increased 0.32% or $0.0125 during the last trading session, reaching $3.8725. The number of shares now owned by investors are 286.06 mln. Syntel, Inc. (NASDAQ:SYNT) has risen 54.15% since April 20, 2017 and is uptrending. It has underperformed by 19.18% the S&P500.

Investors sentiment increased to 0.95 in Q4 2017. Its down 0.06, from 1.24 in 2017Q3. Moreover, Gardner Russo And Gardner Ltd has 0.45% invested in Visa Inc.

Lockheed Martin Corporation is a security and aerospace company. (NASDAQ:ULTA). Select Equity Gru LP stated it has 0.16% of its portfolio in Ulta Beauty, Inc. Lsv Asset, a Illinois-based fund reported 11,045 shares. (NASDAQ:AAPL). Fifth Third Bank & Trust holds 2.04 million shares. (NASDAQ:ULTA). Goelzer Mgmt Incorporated has invested 0.13% in Ulta Beauty, Inc. Ci owns 0.17% invested in Ulta Beauty, Inc. (NASDAQ:AAPL) for 639,700 shares. 2,058 are owned by Camelot Portfolios Limited Com. Fukoku Mutual Life Insurance holds 2,070 shs or 0.1% of its capital. (NASDAQ:AAPL) for 33,853 shares. Cahill Fin Advsr reported 2,503 shares or 0.4% of all its holdings. 2,579 are owned by Patten Inc. Tower Rech Ltd Liability Corp (Trc) invested in 2,293 shares.

Analysts await Triangle Capital Corporation (NYSE:TCAP) to report earnings on May, 2. Godshalk Welsh Mngmt stated it has 1,375 shs or 0.45% of all its holdings. LMT's profit will be $971.80 million for 25.98 P/E if the $3.40 EPS becomes a reality. After $4.30 actual EPS reported by Lockheed Martin Corporation for the previous quarter, Wall Street now forecasts -20.93% negative EPS growth. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 18 Hold. On Monday, April 16 the insider Nagler Lorna sold $685,057. 7,517 shares valued at $2.69 million were sold by Ambrose Richard F on Thursday, February 1.

Among 23 analysts covering Lockheed Martin Corporation (NYSE:LMT), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 69% are positive. Zacks Investment Research raised Lockheed Martin from a hold rating to a buy rating and set a $373.00 price target for the company in a research report on Friday, January 19th. On Tuesday, January 16 the rating was downgraded by Wells Fargo to "Market Perform". The firm has "Hold" rating by Deutsche Bank given on Wednesday, October 26. The rating was maintained by Stifel Nicolaus with "Buy" on Wednesday, October 25. The company was maintained on Wednesday, July 19 by BMO Capital Markets. The firm earned "Buy" rating on Monday, June 26 by Hilliard Lyons. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Also, the Hold rating count is 14 as of 4/19/18. Following the transaction, the chairman now directly owns 80,478 shares of the company's stock, valued at $27,904,941.72. (NASDAQ:ULTA) earned "Neutral" rating by Buckingham Research on Friday, May 26. The company has a market capitalization of $77.99 billion, a price-to-earnings ratio of 15.60 and a beta of 0.68. In Friday, April 6 report RBC Capital Markets maintained the stock with "Hold" rating.

Mu Investments, which manages about $146.02 million US Long portfolio, decreased its stake in Royal Bank Of Canada (NYSE:RY) by 66,450 shares to 220 shares, valued at $18,000 in 2017Q4, according to the filing. It also reduced its holding in Spdr S&P 500 (SPY) by 91 shares in the quarter, leaving it with 8,513 shares, and cut its stake in Disney Walt Co (NYSE:DIS).

Investors sentiment decreased to 1.18 in Q4 2017. Its up 0.03, from 0.7 in 2017Q3. It improved, as 55 investors sold V shares while 605 reduced holdings. 390 grew holdings while 103 funds amassed holdings.

Lockheed Martin Corporation (NYSE:LMT) is expected to reveal earnings on April, 24 before the open., as reported by RTT. North Carolina-based Atria Invests Limited Liability has invested 0.22% in Visa Inc.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Monday, January 29th.

Although the Japanese stealth aircraft program, dubbed the F-3, was conceived as a domestic effort estimated to cost about US$40 billion, Tokyo has recently sought global collaboration in a bid to share the expense and gain access to technology it would otherwise have to develop from scratch. 325,000 are held by State Of New Jersey Common Pension Fund D. Ls Inv Advisors Ltd Liability Corp invested in 7,343 shares. Tt Interest holds 4,624 shares or 0.21% of its portfolio. 30,000 are held by Weiss Multi. Aperio Gp Llc reported 0.28% stake. 8,100 are owned by Bw Gestao De Investimentos Ltda. They expect $3.40 EPS, up 13.33% or $0.40 from last year's $3 per share.

LMT registered $9.28 million net activity with 0 insider buys and 2 sales since January 29, 2018. HEWSON MARILLYN A sold $6.59M worth of Lockheed Martin Corporation (NYSE:LMT) on Monday, January 29.

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