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Monday, January 25, 2021

Can We Expect More Volatility From Lockheed Martin Corporation (LMT)?

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Lockheed Martin Corporation (LMT) shares are trading at lower $361.36 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $436.00.

To add more color to this target, the company’s high over the last year is $442.53 and the low is $266.11. Over the last 52 weeks, LMT is down -5.31% while the S&P 500 is up 18.49%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, LMT reported a profit of $2.14 billion. Lockheed Martin Corporation also saw revenues increase to $16.5 billion. In addition, LMT has free cash flow of $5.33 billion as of 09-2020. The company’s EBITDA came in at $2.47 billion which compares well with its peers.

LMT booked profit margins of 10.20%, its Return on Equity (ROE) is 171.20%, and its Return on Assets is 13.30%. All told, it is clear that, LMT needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. LMT has a short ratio of 1.85 and outstanding shares of 279.30M.

Company Outlook

LMT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.25 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 23.40. Lockheed Martin Corporation LMT also noted assets of $50.77 billion at the end of the last quarter. Investors should also keep an eye on sector updates as LMT has historically followed its peers on positive news.

All told, Lockheed Martin Corporation LMT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LMT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Lockheed Martin Corporation LMT is now commanding a market cap of 102.18B and a float of 237.26M. LMT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of LMT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in LMT, either long or short, and we have not been compensated for this article.

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