Northrop Grumman Corp. PT Raised to $112.00 (NOC)
UBS AG lifted their price objective on shares of Northrop Grumman Corp. (NYSE:NOC) from $94.00 to $112.00 in a research note issued on Monday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective would suggest a potential downside of 1.39% from the company’s current price.
NOC has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Northrop Grumman Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, November 15th. They now have a $132.00 price target on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of Northrop Grumman Corp. from $107.00 to $112.00 in a research note to investors on Wednesday, November 6th. They now have a “market perform” rating on the stock. Finally, analysts at RBC Capital reiterated a “hold” rating on shares of Northrop Grumman Corp. in a research note to investors on Monday, November 4th. They now have a $110.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $103.23.
Shares of Northrop Grumman Corp. (NYSE:NOC) traded up 0.12% on Monday, hitting $113.72. The stock had a trading volume of 500,090 shares. Northrop Grumman Corp. has a one year low of $64.20 and a one year high of $116.19. The stock’s 50-day moving average is $111.4 and its 200-day moving average is $98.81. The company has a market cap of $25.245 billion and a price-to-earnings ratio of 13.57.
Northrop Grumman Corp. (NYSE:NOC) last announced its earnings results on Wednesday, October 23rd. The company reported $2.14 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.82 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. Analysts expect that Northrop Grumman Corp. will post $8.15 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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