Lockheed Martin (LMT, Financial) has announced the appointment of Evan Scott as its Senior Vice President and Chief Financial Officer, effective immediately. Scott takes over from Jesus Malave, who is leaving the company to explore new opportunities.
Scott brings to the role a wealth of experience gained over his 26-year tenure with Lockheed Martin. His previous roles include serving as the company's treasurer and as CFO for two distinct business segments within the organization.
This leadership change is part of Lockheed Martin's ongoing strategy to strengthen its financial leadership team. With Scott's extensive background in finance and strategic planning, the company is poised for continued growth and success in the aerospace and defense sectors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Lockheed Martin Corp (LMT, Financial) is $527.62 with a high estimate of $670.00 and a low estimate of $424.00. The average target implies an upside of 10.59% from the current price of $477.08. More detailed estimate data can be found on the Lockheed Martin Corp (LMT) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Lockheed Martin Corp's (LMT, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lockheed Martin Corp (LMT, Financial) in one year is $562.76, suggesting a upside of 17.96% from the current price of $477.08. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lockheed Martin Corp (LMT) Summary page.
