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Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Romania Increases Inventory of Lockheed Martin Radars

[PR Newswire] – SYRACUSE, N.Y., Feb. 22, 2016 /PRNewswire/ — Romania will gain greater situational awareness with two new TPS-77 radars under a contract agreement with Lockheed Martin (NYSE: LMT). Like all next-generation … Read more on this. Lockheed Martin Corporation (LMT) , with a current market cap of $65.33B, opened at $214.78. Looking at today’s market, LMT one day range is $214.41 to $215.94 with the price of the stock fluctuating between $181.91 to $227.91 over the last 52 weeks. Priced at 18.15x this year’s forecasted earnings, LMT shares are relatively inexpensive compared to the industry ’s 40.18x forward p/e ratio. And for dividend hunters, the company pays shareholders $6.60 per share annually in dividends, yielding 3.09%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.60 per share, which would be $0.14 worse than the year-ago quarter and a $0.18 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $11.80 would be a $0.96 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 $11.32 Billion. If realized, that would be a 11.97% increase over the year-ago quarter. Recently, Guggenheim Initiated LMT at Buy (Jan 20, 2016). Previously, RBC Capital Mkts upgraded LMT from Sector Perform to Outperform. The average price target for LMT shares is $235.20, which is 9.51% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces Briefing Schedule for the 2016 AFA Air Warfare Symposium Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin to Streamline Internal Revenue Service Tax Processing Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Increases Share Repurchase Authority by $3.0 Billion
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