Northrop Grumman Corp. PT Raised to $110.00 (NOC)
Equities researchers at Barclays increased their price objective on shares of Northrop Grumman Corp. (NYSE:NOC) from $95.00 to $110.00 in a research report issued on Monday, Analyst Ratings Network reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target points to a potential upside of 1.74% from the company’s current price.
NOC has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Northrop Grumman Corp. from $94.00 to $109.00 in a research note to investors on Friday, October 25th. Separately, 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, October 24th. They now have a “sector perform” rating on the stock. Finally, 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, October 24th. They now have a “neutral” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $97.46.
In other Northrop Grumman Corp. news, Director William H. Hernandez acquired 1,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were purchased at an average price of $107.28 per share, with a total value of $107,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Northrop Grumman Corp. (NYSE:NOC) traded up 0.36% during mid-day trading on Monday, hitting $108.51. 588,902 shares of the company’s stock traded hands. Northrop Grumman Corp. has a 1-year low of $62.80 and a 1-year high of $109.41. The stock’s 50-day moving average is $99.26 and its 200-day moving average is $88.74. The company has a market cap of $24.088 billion and a price-to-earnings ratio of 12.92.
Northrop Grumman Corp. (NYSE:NOC) last issued its quarterly earnings data 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 in the previous year, the company posted $1.82 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts expect that Northrop Grumman Corp. will post $8.02 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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