Northrop Grumman Corp. PT Raised to $85.00 (NOC)
Investment analysts at JPMorgan Chase & Co. increased their price objective on shares of Northrop Grumman Corp. (NYSE:NOC) from $84.00 to $85.00 in a note issued to investors on Thursday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential downside of 20.92% from the company’s current price.
NOC has been the subject of a number of other recent research reports. Analysts at Cowen and Company raised their price target on shares of Northrop Grumman Corp. from $96.00 to $110.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at UBS AG reiterated a “hold” rating on shares of Northrop Grumman Corp. in a research note to investors on Thursday. They now have a $94.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Northrop Grumman Corp. from $90.00 to $105.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $95.15.
Northrop Grumman Corp. (NYSE:NOC) traded up 1.82% on Thursday, hitting $107.48. The stock had a trading volume of 1,769,749 shares. Northrop Grumman Corp. has a 52-week low of $62.80 and a 52-week 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 $24.738 billion and a price-to-earnings ratio of 13.11.
Northrop Grumman Corp. (NYSE:NOC) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.32. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter last year, the company posted $1.82 earnings per share. Northrop Grumman Corp.’s revenue was down 2.6% compared to the same quarter last 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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