Northrop Grumman Corp. (NYSE: NOC)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Thursday, Analyst Ratings.Net reports. They currently have a $84.00 target price on the stock. Jefferies Group’s price target points to a potential upside of 1.29% from the stock’s previous close.
NOC has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of Northrop Grumman Corp. from $64.00 to $78.00 in a research note to investors on Tuesday, June 25th. They now have a “sell” rating on the stock. Separately, analysts at Cowen and Company reiterated a “market perform” rating on shares of Northrop Grumman Corp. in a research note to investors on Wednesday, June 12th. They now have a $87.00 price target on the stock. Finally, analysts at JP Morgan Cazenove raised their price target on shares of Northrop Grumman Corp. from $70.00 to $72.00 in a research note to investors on Tuesday, June 11th. They now have a “neutral” rating on the stock.
One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $78.83.
Shares of Northrop Grumman Corp. (NYSE: NOC) opened at 82.93 on Thursday. Northrop Grumman Corp. has a one year low of $61.86 and a one year high of $84.34. The stock’s 50-day moving average is currently $82.27. The company has a market cap of $19.502 billion and a P/E ratio of 10.53.
Northrop Grumman Corp. (NYSE: NOC) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.74 by $0.20. 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 previous year, the company posted $1.96 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Northrop Grumman Corp. has set its FY13 guidance at $6.85-7.15 EPS. Analysts expect that Northrop Grumman Corp. will post $7.19 EPS 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.