Lockheed Martin Corporation (NYSE:LMT) [Trend Analysis] has kept up with the changing appetite, stock increased around 0.29% in early session as it gain volume of 647192 shares, then traded at $241.54. Lockheed Martin (LMT) declared that it has received a $321.8M sole-source contract from the U.S. Navy for the continuation of the Long Range Anti-Ship Missile (LRASM) integration and test phase. The integration along with test contract funds continuation of LRASM flight testing and integration onto the U.S. Air Force B-1B and the U.S. Navy F/A-18E/F aircraft. LRASM early operational capability for the U.S. Air Force and Navy is expected in 2018 and 2019 respectively.
LRASM program director at Lockheed Martin Missiles and Fire Control, Mike Fleming stated that the LRASM team has effectively met all requirements on an accelerated acquisition timeline in an effort to give our warfighters a much-needed robust, anti-ship capability. “LRASM will give warfighters the ability to engage in previously denied battle environments.”
Moving toward the volatility measures, the price volatility of stock was 0.65% for a week and 1.08% for a month as well as price volatility’s Average True Range for 14 days was 2.61. The beta, which indicates risk in relegation to the market, remained 0.60. The firm past twelve months price to sales ratio was 1.54 and price to cash ratio remained 50.65. As far as the returns are concern, the return on equity was recorded as 116.70% and return on investment was 21.90%, while its return on asset stayed at 7.90%.
For current month, 7 gave rating of “Buy” and 12 analysts suggest to “Hold” and 1 gave preference to “underweight,” according to research rating by WSJ. While alarming thing to be notice is price target, the average pool price target for LMT has been mentioned as; 273.00 tends to high price target, medium level touched to 241.50, and 206.00 was assigned as lowest share price targets. To accommodate all of these, average analyst price target appeared by 241.56, where as the current price is 241.54, as per research conducted by WSJ.
The liquidity measure in recent quarter results of company was recorded 1.10 as current ratio, on the other side the debt to equity ratio was 4.81. The Company has gross margin of 11.30% and profit margin was positive 7.40% in trailing twelve months.
Lockheed Martin Corporation (NYSE:LMT) is ahead its 52 week low with 35.76%and going down from its 52 week high price with -1.56%. The company’s shares performance for the last one month was 3.38% and 1.11% in the previous week. The stock price of firm is moving up from its 20 days moving average with 0.91% and remote isolated positively from 50 days moving average with 4.86%.