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Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Delivers NASA’s OSIRIS-REx Spacecraft to Launch Site

[PR Newswire] – DENVER, May 23, 2016 /PRNewswire/ — NASA’s asteroid sampling spacecraft, OSIRIS-REx, took an across-country journey of about 1,600 miles before it launches on its 509 million mile journey to the asteroid Bennu. On May 20, Lockheed Martin (LMT) delivered the OSIRIS-REx spacecraft to the Kennedy Space Center, Florida. The spacecraft will now undergo final processing in preparation for a September launch aboard a United Launch Alliance Atlas V 411 rocket. Read more on this. Lockheed Martin Corporation (LMT) , valued at $73.05B, began trading this morning at $240.43. Looking at the stock, its one day range is $239.04 to $240.52 with its 52-week range being $181.91 to $245.37. LMT shares are currently priced at 20.28x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.87x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $6.60 per share annually in dividends, yielding 2.75%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $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 predicated on a consensus revenue forecast of $12.58 Billion. If reported, that would be a 8.08% increase over the year-ago quarter. More recently, RBC Capital Mkts downgraded LMT from Outperform to Sector Perform (May 19, 2016). Previously, Stifel downgraded LMT from Buy to Hold. When considering if perhaps the stock is under or overvalued, the average price target is $243.06, which is 1.09% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin, Raytheon units win $649.7 mln U.S. defense contract -Pentagon Market Update: Lockheed Martin Corporation (NYSE:LMT) – In Space, in the Sky and on Land: Lockheed Martin Innovates to Create a More Sustainable Future Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces First Quarter 2016
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