Analyst Rating Update on Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NYSE:NOC) has an average broker rating of 2.09, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Northrop Grumman Corporation (NYSE:NOC) : Average target price received by Northrop Grumman Corporation (NYSE:NOC) is $218.67 with an expected standard deviation of $18.15. The most aggressive target on the stock is $240, whereas the most downbeat target is $193. 9 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm RBC Capital downgrades its rating on Northrop Grumman Corporation (NYSE:NOC). The rating major has initiated the coverage with sector perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 19, 2016.

Northrop Grumman Corporation (NYSE:NOC): stock turned positive on Tuesday. Though the stock opened at $215.14, the bulls momentum made the stock top out at $216.18 level for the day. The stock recorded a low of $212.885 and closed the trading day at $216.13, in the green by 0.92%. The total traded volume for the day was 1,065,681. The stock had closed at $214.15 in the previous days trading.

In an insider trading activity, Cheston Sheila C., officer (Corp. VP & General Counsel) of Northrop Grumman Corp /De/, unloaded 3,105 shares at an average price of $215.52 on June 7, 2016. The total amount of the transaction was worth $669,190, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Northrop Grumman Corporation is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to government and commercial customers across the world. The Company operates through four segments: Aerospace Systems, Electronic Systems, Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. It participates in many high-priority defense and Government programs in the United States and abroad. The Company conducts business with the United States Government, the Department of Defense (DoD) and intelligence community. The Company also conducts business with local, state, and foreign Governments and domestic and international commercial customers.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.