Northrop Grumman Corporation (NOC) was Downgraded by RBC Capital Mkts to ” Sector Perform” and the brokerage firm has set the Price Target at $222. Earlier the firm had a rating of “Outperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on May 19, 2016.
Many Wall Street Analysts have commented on Northrop Grumman Corporation. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 200 from a previous price target of $189 .Northrop Grumman Corporation was Initiated by Guggenheim to “Buy” on Apr 5, 2016.
On the company’s financial health, Northrop Grumman Corporation reported $2.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $2.49. The company had revenue of $5956.00 million for the quarter, compared to analysts expectations of $5930.48 million. During the same quarter in the previous year, the company posted $2.41 EPS.
Northrop Grumman Corporation opened for trading at $213.98 and hit $216.33 on the upside on Monday, eventually ending the session at $215.73, with a gain of 0.82% or 1.75 points. The heightened volatility saw the trading volume jump to 6,71,090 shares. Company has a market cap of $38,929 M.
In a different news, on May 11, 2016, Denise M. Peppard (Corp VP & Chf HR Ofcr) sold 1,260 shares at $214.19 per share price. According to the SEC, on May 11, 2016, Gloria A Flach (CVP & Chief Operating Officer) sold 41,087 shares at $214.86 per share price. On May 6, 2016, Wesley G Bush (Chairman, CEO and President) sold 35,000 shares at $209.96 per share price, according to the Form-4 filing with the securities and exchange commission.
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.