Northrop Grumman Corp. Hits New 52-Week High at $98.00 (NOC)
Shares of Northrop Grumman Corp. (NYSE:NOC) hit a new 52-week high during trading hours on Monday, Analyst Ratings Network reports. The company traded as high as $98.00 and last traded at $97.68, with a volume of 643,654 shares trading hands. The stock had previously closed at $96.19.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Northrop Grumman Corp. (NYSE:NOC) in a research note to investors on Monday, August 26th. They now have a $99.00 price target on the stock. Separately, analysts at UBS AG upgraded shares of Northrop Grumman Corp. (NYSE:NOC) from a “sell” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $94.00 price target on the stock, up previously from $78.00. Finally, analysts at Barclays Capital raised their price target on shares of Northrop Grumman Corp. (NYSE:NOC) from $69.00 to $95.00 in a research note to investors on Monday, August 12th. They now have an “equal weight” rating on the stock.
Twelve analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $91.08.
Northrop Grumman Corp. has a one year low of $62.80 and a one year high of $96.42. The stock’s 50-day moving average is $93.92 and its 200-day moving average is $81.24. The company has a market cap of $22.508 billion and a P/E ratio of 11.95.
Northrop Grumman Corp. (NYSE:NOC) last released its earnings data on Wednesday, July 24th. The company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.33. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts predict that Northrop Grumman Corp. will post $7.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, August 29th.
Northrop Grumman Corporation (NYSE:NOC) provides products, services, and integrated solutions in aerospace, electronics, information and services to its global customers.
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