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Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Backs Effort to End San Jose Veteran Homelessness

[PR Newswire] – SAN JOSE, Calif., June 9, 2016 /PRNewswire/ — The rate of unsheltered veterans living in Santa Clara County is significantly higher than the national average, according to recent census data. Lockheed Martin (LMT) is joining the All the Way Home campaign to help those men and women find a home. All the Way Home is co-led by San Jose Mayor Sam Liccardo, Santa Clara County Board of Supervisors President Dave Cortese, and Destination: Home with the goal of housing all veterans in Santa Clara County by Veterans Day 2018. With a long-standing commitment to veteran outreach, Lockheed Martin is the first Fortune 100 company in Silicon Valley to sign on and support the effort through a three-year commitment. Read more on this. Lockheed Martin Corporation (LMT) , currently valued at $73.27B, started the session at $240.05. Looking at the equity, the company’s one day range is $240.00 to $240.87 with the price of the stock fluctuating between $181.91 to $245.37 over the last 52 weeks. LMT shares are currently priced at 20.22x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 25.94x forward p/e ratio. And for passive income investors, the company pays shareholders $6.60 per share annually in dividends, yielding 2.76%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.92 per share, which would be $0.02 worse than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $11.84 is a $1.00 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.58 Billion. If realized, that would be a 8.08% increase over the year-ago quarter. Recently, Berenberg downgraded LMT from Buy to Hold (May 31, 2016). Previously, RBC Capital Mkts downgraded LMT from Outperform to Sector Perform. The average price target for LMT shares is $243.69, which is 1.52% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Market Update: Lockheed Martin Corporation (NYSE:LMT) – Denmark backs Lockheed Martin’s F-35 for $3 bln fighter jet deal Market Update: Lockheed Martin Corporation (NYSE:LMT) – In Space, in the Sky and on Land: Lockheed Martin Innovates to Create a More Sustainable Future Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces Briefing Schedule for the 2016 AFA Air Warfare Symposium
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