Northrop Grumman Corporation (NOC) : Analyst Rating Update

Northrop Grumman Corporation (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 2, which is also a Buy.

Northrop Grumman Corporation (NOC) : The highest level Northrop Grumman Corporation (NOC) is projected to reach is $240 for the short term and the lowest estimate is at $193. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $218.67 and the possibility the share price can swing is $18.15.

Northrop Grumman Corporation (NYSE:NOC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $221.65 and $220.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $222.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $221.73, notching a gain of 0.08% for the day. The total traded volume was 851,529 . The stock had closed at $221.55 on the previous day.

Also, Equity Analysts at the Brokerage Firm, RBC Capital, downgrades their rating on the shares of Northrop Grumman Corporation (NYSE:NOC). RBC Capital has a Sector Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on May 19, 2016. The company shares have rallied 37.90% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $223.42 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $215.50 and the 200 Day Moving Average price is recorded at $199.68.

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.

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