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Stock Update (NYSE:LMT): Lockheed Martin Partners with Advanced Electronics Company to Open New Sniper ATP Support Center in Saudi Arabia

[PR Newswire] – RIYADH, Saudi Arabia, Jan. 28, 2016 /PRNewswire/ — Lockheed Martin (LMT) and Advanced Electronics Company (AEC) recently celebrated the opening of the Sniper® Advanced Targeting Pod (ATP) Expanded Repair Capability center in the Kingdom of Saudi Arabia. This marks the start of operations at the first Sniper ATP support center located outside the United States. The Sniper ATP Expanded Repair Capability center provides sustainment support for Sniper ATPs. Read more on this. Lockheed Martin Corporation (LMT) , with a current value of $63.06B, began trading this morning at $208.49. A quick look at the market, the company’s stock traded between $207.31 and $209.43 and has traded between $181.91 and $227.91 over the past year. LMT shares are currently priced at 17.50x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 42.78x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $6.60 per share annually in dividends, yielding 3.13%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $2.60 per share, which would be $0.14 worse than the year-ago quarter and a $0.20 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $11.88, which would be a $1.04 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.17 Billion. If realized, that would be a 10.48% increase over the year-ago quarter. Recently, Guggenheim Initiated LMT at Buy (Jan 20, 2016). Previously, RBC Capital Mkts upgraded LMT from Sector Perform to Outperform. Given all the information above, we should disclose to readers that the average price target is $230.53, which is 10.57% above than it opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $262 Million Contract to Sustain Sensors on Saudi Arabia’s F-15 Fleet Stock Update: Lockheed Martin Corporation (NYSE:LMT) – The Netherlands Chooses Lockheed Martin’s Sniper® Advanced Targeting Pod for F-16 Fleet Company Update (NYSE:LMT): Taiwan Becomes 20th International Customer for Lockheed Martin’s Sniper® Advanced Targeting Pod
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