Analysts at Sanford C. Bernstein increased their target price on shares of Northrop Grumman Corp. (NYSE:NOC) from $107.00 to $112.00 in a research report issued to clients and investors on Wednesday, AR Network reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 2.17% from the company’s current price.
NOC has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a “hold” rating on shares of Northrop Grumman Corp. in a research note to investors on Monday. They now have a $110.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Northrop Grumman Corp. from $95.00 to $110.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Northrop Grumman Corp. from $94.00 to $109.00 in a research note to investors on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $99.31.
Northrop Grumman Corp. (NYSE:NOC) traded up 0.46% during mid-day trading on Wednesday, hitting $109.62. The stock had a trading volume of 774,828 shares. Northrop Grumman Corp. has a 1-year low of $62.80 and a 1-year high of $109.65. The stock’s 50-day moving average is $100.0 and its 200-day moving average is $89.68. The company has a market cap of $24.335 billion and a P/E ratio of 13.04.
Northrop Grumman Corp. (NYSE:NOC) last released its earnings data on Wednesday, October 23rd. The company reported $2.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.82 by $0.32. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. Analysts expect that Northrop Grumman Corp. will post $8.02 EPS for the current fiscal year.
In other Northrop Grumman Corp. news, Director William H. Hernandez purchased 1,000 shares of the stock on the open market in a transaction that occurred on Friday, October 25th. The stock was purchased at an average price of $107.28 per share, for a total transaction of $107,280.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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