Credit Suisse Increases Northrop Grumman Corp. Price Target to $109.00 (NOC)
Analysts at Credit Suisse lifted their price target on shares of Northrop Grumman Corp. (NYSE:NOC) from $94.00 to $109.00 in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. Credit Suisse’s price target would indicate a potential upside of 0.58% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Northrop Grumman Corp. from $92.00 to $110.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Northrop Grumman Corp. from $84.00 to $85.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, 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. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Northrop Grumman Corp. currently has a consensus rating of “Hold” and an average price target of $96.31.
Shares of Northrop Grumman Corp. (NYSE:NOC) opened at 108.37 on Friday. 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 $24.250 billion and a P/E ratio of 12.85.
Northrop Grumman Corp. (NYSE:NOC) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $2.14 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Northrop Grumman Corp. will post $7.90 earnings per share 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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