In the wake of the Russia-Ukraine conflict, the demand for defense solutions and cutting-edge weaponry has surged. Consequently, investors are closely monitoring Lockheed stock, paying particular attention to both fundamental and technical analysis as they assess its potential movement.
Over the past 90 days, 26 analysts on TradingView shared their views on LMT, giving the stock a ‘neutral’ consensus rating. This is based on 8 financial experts rating the stock as a ‘strong buy,’ and 15 recommending a ‘hold.’ On the other hand, 1 analyst thinks LMT is a ‘sell,’ while 2 suggested it is a ‘strong sell.’
At the same time, 19 analysts provided their 1-year price forecasts for the global security and aerospace company. Based on their estimates, the stock’s average price target currently stands at $506.68, indicating that the company could see its share price surge by 10.8% in the next 12 months from current levels.
LMT stock price analysis
Lockheed’s shares have experienced a wide trading range in the past month, oscillating between $447.77 and $506.66.
At press time, the stock was trading at $457.88, up 0.35% ahead of the market open on Thursday, May 18. LMT closed at $457.3 on Wednesday, up 2.14% on the day.
Year-to-date, the company’s shares fell 5.4%, and are down more than 8.4% from their 52-week high of $510.10
The stock rose sharply in April after Lockheed reported earnings per share (EPS) of $6.61 on sales of $15.1 billion. The report topped the Wall Street estimates of $6.05 in EPS on sales of $15 billion. However, despite strong earnings and reiterated guidance, the aerospace company said it is still facing supply chain headwinds.
A day after Lockheed posted its earnings, analysts at Citigroup and Credit Suisse raised their price targets for LMT to $579 and $550, respectively. Notably, both price targets would mark double-digit gains from LMT’s current price.
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