LMT - Where Will Lockheed Martin Stock Be in 1 Year?
2023-12-29 06:07:00 ET
Lockheed Martin (NYSE: LMT) trades at an attractive valuation with positive near-term earnings catalysts, but several factors could negatively affect its 2024. Does it all add to make the stock a buy? Here's the lowdown.
When determining what kind of yearly return you might get from a stock, it's usually a good idea to picture a snapshot of how it will look to other investors this time next year. Based on Wall Street analysts, Lockheed Martin is an attractive stock to buy.
For example, Wall Street has Lockheed Martin generating $26.74 in earnings per share and almost $6.3 billion in free cash flow (FCF) in 2024. Based on the current price, it trades at 16.8 times the estimated 2024 earnings and 17.7 times the estimated FCF. They are reasonable, but not startlingly cheap, valuations for a mature large-cap industrial stock.
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Where Will Lockheed Martin Stock Be in 1 Year?