Stock analysts at Credit Suisse hoisted their price objective on shares of Northrop Grumman Corp. (NYSE:NOC) from $78.00 to $94.00 in a report issued on Friday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s target price indicates a potential upside of 2.86% from the stock’s previous close.
Northrop Grumman Corp. (NYSE: NOC) traded up 0.92% on Friday, hitting $91.39. Northrop Grumman Corp. has a 52-week low of $62.80 and a 52-week high of $92.99. The stock’s 50-day moving average is currently $85.04. The company has a market cap of $21.035 billion and a price-to-earnings ratio of 11.25.
Northrop Grumman Corp. (NYSE:NOC) last released its earnings data on Wednesday, July 24th. The company reported $2.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.72 by $0.33. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter last year, the company posted $1.88 earnings per share. Northrop Grumman Corp.’s revenue was up .3% compared to the same quarter last year. Northrop Grumman Corp. has set its FY13 guidance at $7.60-7.80 EPS. On average, analysts predict that Northrop Grumman Corp. will post $7.59 earnings per share for the current fiscal year.
A number of other firms have also recently commented on NOC. Analysts at Cowen and Company raised their price target on shares of Northrop Grumman Corp. from $87.00 to $97.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Separately, analysts at Merrill Lynch upgraded shares of Northrop Grumman Corp. to a “neutral” rating in a research note to investors on Thursday. Finally, analysts at JPMorgan Cazenove raised their price target on shares of Northrop Grumman Corp. from $72.00 to $77.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock.
One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $85.92.
Northrop Grumman Corporation (NYSE: NOC) provides products, services, and integrated solutions in aerospace, electronics, information and services to its global customers.