Weekly Investment Analysts’ Ratings Changes for Northrop Grumman (NOC)

Several brokerages have updated their recommendations and price targets on shares of Northrop Grumman (NYSE: NOC) in the last few weeks:

  • 2/7/2018 – Northrop Grumman was upgraded by analysts at Argus to a “buy” rating.
  • 2/5/2018 – Northrop Grumman had its price target raised by analysts at Argus to $375.00. They now have a “positive” rating on the stock.
  • 1/26/2018 – Northrop Grumman was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Northrop Grumman ended 2017 on a bright note. The company’s top and the bottom line surpassed the respective Zacks Consensus Estimate. As a major U.S. defense contractor, Northrop continues to enjoy strong presence in Air Force, Space & Cyber Security programs. The company maintains a strong balance sheet and steady cash flow offering substantial financial flexibility. With the acquisition of Orbital ATK, Northrop will benefit from the former's rocket motors, missiles and electro-optical countermeasure product lines. However, higher operating expenses tend to drag down Northrop's profit margin. Moreover, the company is overvalued compared with its broader industry in terms of EV/EBITDA multiple. Also, the company operates in a highly competitive environment. Northrop Grumman underperformed its broader industry in past one year.”
  • 1/26/2018 – Northrop Grumman had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $394.00 price target on the stock.
  • 1/25/2018 – Northrop Grumman had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $310.00 price target on the stock.
  • 1/23/2018 – Northrop Grumman was given a new $389.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 1/16/2018 – Northrop Grumman was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating.
  • 1/12/2018 – Northrop Grumman was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $347.00 price target on the stock. According to Zacks, “As one of the major U.S. defense contractors, Northrop continues to enjoy strong presence in Air Force, Space & Cyber Security programs. The company maintains a strong balance sheet and steady cash flow that offer substantial financial flexibility. Also, recent budgetary amendments made by the Trump administration have been in favor of defense biggies like Northrop. During the third quarter, the company’s investments included capital expenditures of $650 million, up 6.9% annually. With the acquisition of Orbital ATK, Northrop will benefit from the former's rocket motors, missiles and electro-optical countermeasure product lines. However, higher operating expenses tend to drag down Northrop's profit margin.”
  • 1/9/2018 – Northrop Grumman had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $315.00 price target on the stock.
  • 12/31/2017 – Northrop Grumman was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of Northrop Grumman Co. (NOC) traded up $4.92 during trading hours on Monday, reaching $337.61. 575,968 shares of the company’s stock were exchanged, compared to its average volume of 1,029,972. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.35 and a quick ratio of 2.24. The stock has a market capitalization of $58,830.00, a price-to-earnings ratio of 29.43, a PEG ratio of 2.40 and a beta of 0.82. Northrop Grumman Co. has a one year low of $233.20 and a one year high of $349.18.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.75 by $0.07. Northrop Grumman had a net margin of 7.81% and a return on equity of 37.28%. The company had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the firm earned $2.96 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities analysts forecast that Northrop Grumman Co. will post 15.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 5th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.30%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, March 2nd. Northrop Grumman’s dividend payout ratio is presently 34.87%.

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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