Back to top
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Lockheed Martin Corporation (LMT) - $25 value - yours FREE >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lockheed Martin Corporation (LMT) - $25 value - yours FREE >>
Image: Bigstock
Bull of the Day: Lockheed Martin (LMT)
With equity markets coming on strong after Monday’s rough session, there are several names which could be today’s Bull of the Day. This one happens to be in the Aerospace – Defense industry which ranks in the Top 37% of our Zacks Industry Rank. I’m talking about Zacks Rank #1 (Strong Buy) Lockheed Martin (LMT - Free Report) .
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
The reason for the favorable Zacks Rank lies in the earnings estimates for the current year and next year. Over the course of the last sixty days, analysts have increased their earnings estimates for both these time periods. The bullish sentiment has pushed up our Zacks Consensus Estimate for the current year from $17.02 to $17.51. Next year’s number has gone from $18.97 to $19.49.
If you look at the Price, Consensus and EPS Surprise Chart, you can see that there’s been divergence between the stock price and the earnings estimates. This divergence could lead to outperformance in Lockheed over the next several months. With price coming down as estimates go up, forward valuations are on the move lower. Currently, Lockheed is trading at 12.92x forward 12-month earnings estimates. Lockheed hasn’t traded at a multiple that low since 2012.
The 52-week high of $363 is a far cry from the current price of $259.79. The 200-day moving average is all the way up at $317.93, providing plenty of topside resistance should the stock stage a serious rally. Before that, the 50-day moving average is at $296.61.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>