Northrop Grumman Corp. PT Raised to $115.00 at FBR Capital Markets (NOC)
Equities research analysts at FBR Capital Markets boosted their target price on shares of Northrop Grumman Corp. (NYSE:NOC) from $105.00 to $115.00 in a research note issued to investors on Friday, Analyst Ratings.Net reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target suggests a potential upside of 1.49% from the stock’s previous close.
A number of other analysts have also recently weighed in on NOC. Analysts at Deutsche Bank raised their price target on shares of Northrop Grumman Corp. from $119.00 to $125.00 in a research note to investors on Tuesday, January 14th. They now have a “hold” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Northrop Grumman Corp. from $94.00 to $112.00 in a research note to investors on Monday, January 6th. They now have a “neutral” rating on the stock. Finally, 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. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Northrop Grumman Corp. presently has a consensus rating of “Hold” and an average target price of $108.00.
Northrop Grumman Corp. (NYSE:NOC) traded up 0.87% during mid-day trading on Friday, hitting $114.23. The stock had a trading volume of 556,479 shares. Northrop Grumman Corp. has a one year low of $64.20 and a one year high of $123.65. The stock has a 50-day moving average of $114.1 and a 200-day moving average of $102.9. The company has a market cap of $25.358 billion and a P/E ratio of 13.54.
Northrop Grumman Corp. (NYSE:NOC) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.94 by $0.18. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.01 billion. On average, analysts predict that Northrop Grumman Corp. will post $8.16 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.