Lockheed Martin Shares Rise 2.9% Following U.S. Operation Against Maduro
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Stock Price Increase: Lockheed Martin's shares rose 2.9% to close at $511.57 on Monday, primarily driven by the U.S. operation against former Venezuelan president Maduro, indicating a positive market reaction towards defense stocks.
- Earnings Forecast: The company is set to release its fourth-quarter earnings before the market opens on January 29, with analysts expecting continued strong financial performance, which will further solidify its leadership position in the defense sector.
- Market Dynamics: Other defense stocks also performed well during the same trading session, reflecting increased investor confidence in the defense sector, which may influence future investment decisions.
- Competitive Analysis: As market focus on defense spending intensifies, Lockheed Martin's stock price increase may attract more investor attention, further enhancing its competitive advantage within the industry.
Analyst Views on LMT
Wall Street analysts forecast LMT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LMT is 535.50 USD with a low forecast of 430.00 USD and a high forecast of 605.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
4 Buy
7 Hold
1 Sell
Hold
Current: 594.950
Low
430.00
Averages
535.50
High
605.00
Current: 594.950
Low
430.00
Averages
535.50
High
605.00
About LMT
Lockheed Martin Corporation is a global aerospace and defense company. The Company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Its segments include Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft. MFC segment provides air and missile defense systems, manned and unmanned ground vehicles, energy management solutions, and others. RMS segment designs, manufactures, services and supports various military and commercial helicopters, surface ships, sea and land-based missile defense systems, and others. Its Space segment is engaged in the research and design, development, engineering and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
