ບໍລິສັດ Lockheed Martin (NYSE: LMT) is a “buy” even though its sales came in shy of Street estimates in the fiscal third quarter, says Peter Arment. He’s a Senior Analyst at Baird & Co.
Lockheed Martin stock has upside to $513
On Wednesday, Arment upgraded the defense technology company to “outperform”. His price objective of $513 represents close to a 20% upside from here.
ທ່ານ ກຳ ລັງຊອກຫາຂ່າວໄວ, ຄຳ ແນະ ນຳ ທີ່ຮ້ອນແລະການວິເຄາະຕະຫລາດບໍ? ລົງທະບຽນ ສຳ ລັບຈົດ ໝາຍ ຂ່າວ Invezz, ມື້ນີ້.
Lockheed had better-than-expected profit in its recent quarter. What the Baird analyst is most bullish about, though, is its ແບ່ງປັນການຊື້ຄືນ programme. A day earlier, the Texas-based company doubled its planned buyback for 2022 to $8.0 billion.
With robust cash generation still intact, coupled with buyback momentum in a highly volatile equity market, the downside in the Lockheed Martin stock from current levels is likely limited.
LMT also said that it will repurchase $4.0 billion worth of its stock in each of the next two years.
Lockheed Martin reiterated its full-year guidance
Other reasons cited for the constructive view include reiterated guidance. Lockheed Martin ຄາດຄະເນ $21.55 in per-share earnings this year on about $65.3 billion in sales – both roughly in line with expectations.
Headline risks have been reduced, tied to the multi-year FCF outlook and 2023 guidance, leaving little for bears. Management reiterated its focus on driving FCF per share materially higher over the next few years.
ໄດ້ ຫຼັກຊັບປ້ອງກັນປະເທດ is also a good pick because of the geopolitical tensions, both Ukraine and China related.
Versus its year-to-date high, the Lockheed Martin stock that pays a dividend yield of 2.74% is currently down about 7.0%.
ຄັດລອກພໍ່ຄ້າຜູ້ຊ່ຽວຊານໄດ້ຢ່າງງ່າຍດາຍກັບ eToro. ລົງທຶນໃນຮຸ້ນເຊັ່ນ Tesla & Apple. ຊື້ຂາຍ ETFs ທັນທີເຊັ່ນ FTSE 100 & S&P 500. ລົງທະບຽນໃນນາທີ.
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