Northrop Grumman Corp. Reaches New 12-Month High at $100.34 (NOC)
Northrop Grumman Corp. (NYSE:NOC)’s share price reached a new 52-week high on Thursday, American Banking and Market News reports. The company traded as high as $100.34 and last traded at $100.07, with a volume of 766,238 shares traded. The stock had previously closed at $98.68.
A number of research firms have recently commented on NOC. Analysts at Zacks reiterated a “neutral” rating on shares of Northrop Grumman Corp. 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. 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 raised their price target on shares of Northrop Grumman Corp. 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Northrop Grumman Corp. has an average rating of “Hold” and an average target price of $91.08.
Northrop Grumman Corp. has a one year low of $62.80 and a one year high of $100.73. The stock has a 50-day moving average of $95.65 and a 200-day moving average of $86.16. The company has a market cap of $23.185 billion and a price-to-earnings ratio of 12.26.
Northrop Grumman Corp. (NYSE:NOC) last issued its quarterly 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. Analysts expect that Northrop Grumman Corp. will post $7.78 EPS for the current fiscal year.
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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