Stock Update (NYSE:LMT): Lockheed Martin, Babson Global and KAEC Support New College for Entrepreneurship in Saudi Arabia

[PR Newswire] – RIYADH, Saudi Arabia, April 13, 2016 /PRNewswire/ — Three leading entities have joined to create an elite educational institution located at King Abdullah Economic City (KAEC) in Saudi Arabia and modeled after Babson College’s top-ranked entrepreneurship education programs in the United States. The College for Business and Entrepreneurship at KAEC project is aligned with the vision of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, for the Kingdom to become a leading knowledge-based economy by advancing education, entrepreneurial skills and helping establish the next generation of job creators. Read more on this. Lockheed Martin Corporation (LMT) , currently valued at $68.84B, began trading this morning at $227.00. Looking at today’s trading action, the company’s one day range from $224.93 to $227.18 and has traded between $181.91 and $228.00 over the past year. LMT shares are currently priced at 19.05x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.94x earnings multiple. The company pays shareholders $6.60 per share annually in dividends, yielding 2.92%. According to a consensus of 18 analysts, the earnings estimate of $2.58 per share would be $0.16 worse than the year-ago quarter and a $0.19 sequential decrease. The full-year EPS estimate is $11.79, which would be a $0.95 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.34 Billion. If reported, that would be a 12.17% increase over the year-ago quarter. More recently, Berenberg Initiated LMT at Buy (Mar 17, 2016). Previously, Guggenheim Initiated LMT at to Buy. The average price target for LMT shares is $237.69, which is 4.71% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Stock Update (NYSE:LMT): Lockheed Martin Partners with Advanced Electronics Company to Open New Sniper ATP Support Center in Saudi Arabia Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $262 Million Contract to Sustain Sensors on Saudi Arabia’s F-15 Fleet Stock Update: Lockheed Martin Corporation (NYSE:LMT) – U.S. approves $11.25 billion warship sale to Saudi Arabia