Company Update (NYSE:LMT): MIT, Lockheed Martin Launch Long-term Research Collaboration

[PR Newswire] – BETHESDA, Md., May 16, 2016 /PRNewswire/ — As part of a new collaborative initiative in autonomy and robotics, MIT and Lockheed Martin engineers will focus on innovations needed to enable generation-after-next autonomous systems. Improvements in human/machine teaming and navigation in complex environments are among the research challenges that Lockheed Martin is inviting MIT faculty and their students to help solve. Read more on this. Lockheed Martin Corporation (LMT) , with a current value of $73.88B, began trading this morning at $241.21. During today’s session, LMT traded between $240.91 to $243.00 with the price of the stock fluctuating between $181.91 to $245.37 over the last 52 weeks. LMT shares are currently priced at 20.69x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.95x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $6.60 per share annually in dividends, yielding 2.73%. 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 $0.02 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $11.84 is a $1.00 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.58 Billion. If reported, that would be a 8.08% increase over the year-ago quarter. In terms of ratings, Stifel downgraded LMT from Buy to Hold (May 13, 2016). Previously, Berenberg Initiated LMT at to Buy. Given all the information above, we should disclose to readers that the average price target is $242.44, which is 0.51% above than it opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin, Raytheon units win $649.7 mln U.S. defense contract -Pentagon Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin to Accelerate Veterans Disability Claims Processing Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $528 Million THAAD Missile-Defense Contract