Northrop Grumman (NYSE:NOC) received a $374.00 target price from investment analysts at Royal Bank Of Canada in a research note issued to investors on Thursday, November 16th. The brokerage currently has a “buy” rating on the aerospace company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 24.43% from the company’s previous close.
Several other brokerages also recently commented on NOC. Goldman Sachs Group set a $320.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research note on Thursday, October 26th. Cowen restated a “hold” rating and issued a $300.00 target price (up previously from $275.00) on shares of Northrop Grumman in a research note on Thursday, October 26th. Zacks Investment Research downgraded Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Stifel Nicolaus lifted their price target on Northrop Grumman from $255.00 to $300.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Bank of America set a $350.00 price target on Northrop Grumman and gave the company a “buy” rating in a research report on Friday, October 27th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $294.65.
Shares of Northrop Grumman (NOC) traded up $0.93 during midday trading on Thursday, reaching $300.56. The company’s stock had a trading volume of 1,181,028 shares, compared to its average volume of 783,164. Northrop Grumman has a fifty-two week low of $220.72 and a fifty-two week high of $309.76. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. The company has a market cap of $52,320.00, a P/E ratio of 22.84, a P/E/G ratio of 3.01 and a beta of 0.69.
Northrop Grumman (NYSE:NOC) last issued its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, topping the consensus estimate of $2.92 by $0.76. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter last year, the company earned $3.35 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. equities research analysts predict that Northrop Grumman will post 13.18 EPS for the current fiscal year.
In related news, VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total value of $1,489,289.79. Following the completion of the sale, the vice president now owns 58,186 shares in the company, valued at approximately $17,203,854.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gloria A. Flach sold 7,741 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $296.45, for a total value of $2,294,819.45. Following the completion of the sale, the chief operating officer now owns 77,200 shares of the company’s stock, valued at approximately $22,885,940. The disclosure for this sale can be found here. Insiders sold a total of 21,417 shares of company stock valued at $6,365,189 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its stake in Northrop Grumman by 41,518.7% in the 2nd quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock worth $749,585,000 after purchasing an additional 2,912,953 shares during the period. First Eagle Investment Management LLC purchased a new position in Northrop Grumman in the 3rd quarter worth approximately $198,126,000. Capital International Investors increased its stake in Northrop Grumman by 29.4% in the 3rd quarter. Capital International Investors now owns 2,274,928 shares of the aerospace company’s stock worth $654,542,000 after purchasing an additional 516,427 shares during the period. HPM Partners LLC increased its stake in Northrop Grumman by 23,412.0% in the 2nd quarter. HPM Partners LLC now owns 292,019 shares of the aerospace company’s stock worth $28,387,000 after purchasing an additional 290,777 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Northrop Grumman by 25.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,245,400 shares of the aerospace company’s stock worth $319,707,000 after purchasing an additional 256,200 shares during the period. Institutional investors own 81.33% of the company’s stock.
WARNING: “Northrop Grumman (NOC) Given a $374.00 Price Target by Royal Bank Of Canada Analysts” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/12/05/royal-bank-of-canada-reiterates-374-00-price-target-for-northrop-grumman-corporation-noc.html.
About Northrop Grumman
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.
Receive News & Ratings for Northrop Grumman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Corporation and related companies with MarketBeat.com's FREE daily email newsletter.