Market Update (NYSE:LMT): France confirms buying four C-130J US transport planes

[AFP] – French Defence Minister Jean-Yves Le Drian confirmed Friday that Paris will buy four Lockheed Martin C-130J tactical transport planes, in a deal that was announced by the United States in November. The … Read more on this. Lockheed Martin Corporation (LMT) , valued at $66.73B, began trading this morning at $219.58. Today, shares have traded between $215.78 and $219.95 per share with a trailing 52-week range being $181.91 to $227.91. Priced at 19.35x this year’s forecasted earnings, LMT shares are relatively expensive compared to the industry’s 2.05x forward p/e ratio. And for dividend hunters, the company pays shareholders $6.60 per share annually in dividends, yielding 3.03%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.92 per share, which would be $0.09 worse than the year-ago quarter and a $0.09 sequential decrease. The full-year EPS estimate is $11.36 which would be a $0.04 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.33 Billion. If reported, that would be a 1.60% decrease over the year-ago quarter. More recently, Sterne Agee CRT upgraded LMT from Neutral to Buy (Aug 20, 2015). Previously, JP Morgan Initiated LMT at to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $228.94, which is 4.26% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed wins $5.3 billion contract for C-130J aircraft Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed wins more than $1 billion contract for C-130J aircraft Market Update (NYSE:LMT): Lockheed Martin Receives Enhanced Cybersecurity Services Accreditation from DHS