Northrop Grumman Corporation (NOC) Price Target Raised to $300.00

Northrop Grumman Corporation (NYSE:NOC) had its price objective hoisted by Stifel Nicolaus from $255.00 to $300.00 in a research report sent to investors on Friday. The firm currently has a hold rating on the aerospace company’s stock.

A number of other research firms also recently issued reports on NOC. Royal Bank Of Canada lifted their price target on Northrop Grumman Corporation from $324.00 to $347.00 and gave the company an outperform rating in a research note on Thursday, October 26th. Goldman Sachs Group, Inc. (The) set a $320.00 price target on Northrop Grumman Corporation and gave the company a buy rating in a research note on Thursday, October 26th. Cowen and Company reissued a hold rating and set a $300.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, October 26th. Jefferies Group LLC reissued a hold rating and set a $269.00 target price on shares of Northrop Grumman Corporation in a research report on Friday, September 29th. Finally, Deutsche Bank AG reissued a buy rating and set a $325.00 target price (up previously from $285.00) on shares of Northrop Grumman Corporation in a research report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Northrop Grumman Corporation presently has an average rating of Buy and a consensus target price of $290.54.

Northrop Grumman Corporation (NOC) traded up 0.0715% during mid-day trading on Friday, reaching $296.5818. The company had a trading volume of 21,823 shares. Northrop Grumman Corporation has a one year low of $220.72 and a one year high of $306.61. The company has a market capitalization of $51.63 billion, a P/E ratio of 22.6554 and a beta of 0.68. The stock has a 50 day moving average price of $287.50 and a 200 day moving average price of $266.38.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.76. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.35 EPS. On average, equities analysts expect that Northrop Grumman Corporation will post $12.89 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of the stock. Salem Investment Counselors Inc. raised its holdings in shares of Northrop Grumman Corporation by 1.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock worth $208,000 after purchasing an additional 10 shares during the period. Cetera Investment Advisers raised its holdings in shares of Northrop Grumman Corporation by 0.8% in the 2nd quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 10 shares during the period. Bank of Stockton raised its holdings in shares of Northrop Grumman Corporation by 0.9% in the 2nd quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock worth $332,000 after purchasing an additional 12 shares during the period. Eqis Capital Management Inc. raised its holdings in shares of Northrop Grumman Corporation by 1.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 1,318 shares of the aerospace company’s stock worth $338,000 after purchasing an additional 13 shares during the period. Finally, Perigon Wealth Management LLC raised its holdings in shares of Northrop Grumman Corporation by 2.8% in the 1st quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $130,000 after purchasing an additional 15 shares during the period. 81.50% of the stock is currently owned by institutional investors.

About Northrop Grumman Corporation

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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