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Market Update (NYSE:LMT): Lockheed Martin Canada Opens Doors to New Partnership and Innovation Centre

[PR Newswire] – OTTAWA, Ontario, April 20, 2016 /PRNewswire/ — Lockheed Martin (LMT) Canada opened the doors of its IMPACT Centre in Ottawa, with a ribbon cutting event showcasing the innovative demonstration centre. The centre is designed to be a significant economic driver across Canada, bringing Canadian industry and academia together for critical research, development and advancement of technology. Lockheed Martin created the IMPACT Centre with a vision to promote the growth of small Canadian businesses, advance research, support sustainability and enhance Canada’s capability for major exports in defence and technology sectors. Read more on this. Lockheed Martin Corporation (LMT) , valued at $69.39B, ended trading at $226.51. Today, shares have traded between $227.00 and $227.38 per share with a trailing 52-week range being $181.91 to $228.00. LMT shares are currently priced at 19.20x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.11x earnings multiple. The company pays shareholders $6.60 per share annually in dividends, yielding 2.92%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.59 per share, which would be $0.15 worse than the year-ago quarter and a $0.19 sequential decrease. The full-year EPS estimate is $11.80, which would be a $0.96 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.36 Billion. If realized, that would be a 12.36% increase over the year-ago quarter. Recently, Berenberg Initiated LMT at Buy (Mar 17, 2016). Previously, Guggenheim Initiated LMT at to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $234.88, which is 3.70% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin to Accelerate Veterans Disability Claims Processing Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces Briefing Schedule for the 2016 AFA Air Warfare Symposium Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin wins $784 mln U.S. long-range radar deal-Pentagon
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