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Shares of Northrop Grumman (NYSE:NOC) have earned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the stock, American Banking News reports. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $126.08.

NOC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Northrop Grumman from an “outperform” rating to a “neutral” rating in a research note on Friday, May 23rd. They now have a $124.00 price target on the stock. Separately, analysts at Wolfe Research initiated coverage on shares of Northrop Grumman in a research note on Tuesday, May 13th. They set a “market perform” rating on the stock. Finally, analysts at CRT Capital reiterated a “fairly valued” rating on shares of Northrop Grumman in a research note on Thursday, April 24th. They now have a $114.00 price target on the stock.

Northrop Grumman (NYSE:NOC) opened at 122.33 on Friday. Northrop Grumman has a 1-year low of $80.64 and a 1-year high of $126.00. The stock has a 50-day moving average of $121.0 and a 200-day moving average of $118.3. The company has a market cap of $26.195 billion and a P/E ratio of 13.69.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $2.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.15 by $0.25. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter last year, the company posted $2.03 earnings per share. Northrop Grumman’s revenue was down 4.2% compared to the same quarter last year. On average, analysts predict that Northrop Grumman will post $9.22 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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