5 Things Lockheed Martin Wants You to Know
Lockheed Martin (NYSE: LMT) reported earnings late last month, and the news was not great. Sales grew less than Wall Street had anticipated, and operating profit margins on those revenues took a big hit relative to last year.
Now by this point I think I've probably made my feelings clear on the valuation arguments against buying Lockheed Martin stock (or really stock in any of the big defense contractors). Valued at 1.8 times sales, 25.1 times earnings, and with a growth rate projected to remain in the single digits for the next half decade, I think Lockheed Martin stock remains pretty overpriced.
That said, if there's one thing we know about the stock market, it's that stock prices are not constant. One day soon, perhaps, Lockheed Martin stock won't look so expensive as it appears today. But when that cheaper price arrives, how will we know if it's a bargain? By keeping a close eye on the business -- and what better way to do that than by listening in as Lockheed Martin discusses its business with the analysts who know it best?
Source: Fool.com
Lockheed Martin Corp. Stock
We see a rather positive sentiment for Lockheed Martin Corp. with 8 Buy predictions and 1 Sell predictions.
As a result the target price of 476 € shows a slightly positive potential of 11.19% compared to the current price of 428.1 € for Lockheed Martin Corp..
