Price Over Earnings Overview: Lockheed Martin
Portfolio Pulse from Benzinga Insights
Lockheed Martin Inc.'s (NYSE:LMT) shares are currently trading at $446.56, after a 0.54% decrease. Over the past month, the stock decreased by 3.50%, but over the past year, it spiked by 4.14%. The company's P/E ratio is 16.46, lower than the Aerospace & Defense industry average of 36.28, indicating that the stock might be undervalued or expected to perform worse than its industry peers.
July 31, 2023 | 3:30 pm
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NEUTRAL IMPACT
Lockheed Martin's stock has decreased by 3.50% over the past month but increased by 4.14% over the past year. Its P/E ratio of 16.46 is lower than the industry average, suggesting potential undervaluation or lower expected performance.
The stock's recent decrease and lower P/E ratio compared to the industry average could indicate potential undervaluation or lower expected performance. However, the stock's increase over the past year suggests some positive long-term performance. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100