Lockheed Martin Corporation : The share is well oriented
By Alexis Peyrard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$166.33 | $184 | $163.4 | +10.62% |
The fundamental qualities of the group are clearly attractive as evidenced by the Surperformance ratings. Analysts expect that profitability will improve in the coming years. Thus, net margin should reach 8% this year. Moreover, revenue and EPS estimates have been revised upwardly. The company seems undervalued compared to its peers according to its P/E ratio at 15.32 times 2014 estimates. The group enjoys a positive newsflow, Canada is near to buy 65 F-35 fighters jets for USD 8.2 billion.
From a technical viewpoint, the stock follows a long term bullish trend. Prices are close to a strong resistance level that stopped their progression several times. The share should cross this level in the coming trading sessions as actual level is near to a significant trendline which supports the price progression. Once broke out, the stock will surely renew its bullish trend.
Investors could take a buying position once prices will be above the resistance of USD 167.6. The target will then be USD 184. Nonetheless, a stop loss will be positioned under USD 165 protecting from a consolidation movement.