Lockheed Martin Corporation (NYSE:LMT) Receives Average Recommendation of "Hold" from Analysts

Lockheed Martin Corporation (NYSE:LMT) has received a consensus "Hold" rating from nineteen brokerages, with an average 12-month price target of $637.56. The company recently reported strong quarterly earnings, beating consensus estimates with EPS of $7.94 and revenue of $20.06 billion, up 10.5% year-over-year. Recent defense contracts and developments, such as a $1.2 billion U.S. Army Precision Strike Missile contract, are supporting Lockheed's backlog and reinforcing international demand for i