Last Updated: 15 Sep 2024
Executive Summary
Lockheed Martin Corporation (LMT) is a leading global aerospace, defense, and technology company with a market capitalization of $135.8 billion. The company's strong financial performance, including its high EBITDA, EPS, and return on equity, has driven its stock price to $569.91. Analysts are bullish on LMT, with a consensus target price of $546.96 and 12 out of 24 analysts recommending a buy or strong buy.
Company Overview
Lockheed Martin is headquartered in North Bethesda, Maryland, and operates worldwide. The company's products and services include aircraft, missiles, space systems, and information technology. LMT is a major defense contractor for the U.S. government and also serves commercial customers.
Fundamental Analysis
LMT's financial performance has been strong in recent years. The company's revenue has grown by an average of 8.6% annually over the past three years, and its EPS has grown by an average of 13.5% annually. LMT's profit margin is 9.5%, and its return on equity is 87.4%. The company's strong financial performance is supported by its large backlog of orders, which totaled $147 billion at the end of 2023.
Technical Analysis
LMT's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages, and it has recently broken out of a consolidation pattern. The stock's relative strength index (RSI) is 65, which indicates that it is slightly overbought.
Short Term Outlook
In the short term, LMT's stock price is likely to continue to trend higher. The company's strong financial performance and positive analyst sentiment are likely to continue to support the stock. However, the stock's RSI is slightly overbought, which could lead to a pullback in the near term.
Long Term Outlook
In the long term, LMT's stock price is likely to continue to grow. The company's strong backlog of orders and its position as a leading defense contractor are likely to continue to drive its financial performance. LMT is also well-positioned to benefit from the growing demand for aerospace and defense products and services.
Analyst Recommendations
Analysts are bullish on LMT, with a consensus target price of $546.96. Out of 24 analysts, 12 recommend a buy or strong buy, 11 recommend a hold, and 1 recommends a sell.
