Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Wins $733 Million Aerial Intelligence, Surveillance and Reconnaissance Contract

[PR Newswire] – FAIRFAX, Va., June 21, 2016 /PRNewswire/ — Lockheed Martin (NYSE: LMT) has officially been awarded the Sensor Systems – Aerial Intelligence, Surveillance and Reconnaissance (SS-AISR) task order on the … Read more on this. Lockheed Martin Corporation (LMT) , with a current market cap of $72.75B, started the session at $239.49. A quick look at the market, the company’s stock traded between $238.31 and $239.85 with its 52-week range being $181.91 to $245.37. LMT shares are currently priced at 20.14x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.10x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $6.60 per share annually in dividends, yielding 2.78%. In a review of the consensus earnings estimate this quarter, 17 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. The full-year EPS estimate is $11.85, which would be a $1.01 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.57 Billion. If realized, that would be a 7.99% increase over the year-ago quarter. In terms of ratings, Berenberg downgraded LMT from Buy to Hold (May 31, 2016). Previously, RBC Capital Mkts downgraded LMT from Outperform to Sector Perform. Given all the information above, we should disclose to readers that the average price target is $243.07, which is 1.49% above than it opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $528 Million THAAD Missile-Defense Contract Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed wins $5.3 billion contract for C-130J aircraft Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed wins more than $1 billion contract for C-130J aircraft