Impact of Brokerage Rating on Northrop Grumman Corporation(NOC)

Many Northrop Grumman Corporation(NOC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Northrop Grumman Corporation was Initiated by RBC Capital Mkts on Jan 12, 2017 to Outperform, Price Target of the shares are set at $268.Northrop Grumman Corporation was Downgraded by Jefferies to Hold on Jan 12, 2017.

Company has reported several Insider transactions to the SEC, on Feb 2, 2017, Christopher T Jones (Corp VP & Pres Tech Svcs) sold 240 shares at 228.72 per share price.On Feb 2, 2017, Kenneth L Bedingfield (Corp VP, CFO) sold 128 shares at 228.72 per share price.On Nov 17, 2016, Sheila C. Cheston (Corp. VP & General Counsel) sold 3,394 shares at 251.29 per share price.

Northrop Grumman Corporation Last issued its quarterly earnings results on Jan 26, 2017. The company reported $2.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.47. Analyst had a consensus of $2.49. The company had revenue of $6397.00 million for the quarter, compared to analysts expectations of $5928.14 million. The companys revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 EPS.

Northrop Grumman Corporation (NYSE:NOC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.08 by 12 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 6 Brokerage Firms have advised hold.

Northrop Grumman Corporation (NYSE:NOC): 11 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $253.64 in Northrop Grumman Corporation (NYSE:NOC). However, the stock price could fluctuate by $ 15.72 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $271 price target with the lower price estimate is calculated at $227

Northrop Grumman Corporation (NYSE:NOC) rose 0.23% or 0.54 points on Tuesday and made its way into the gainers of the day. After trading began at $239.01 the stock was seen hitting $240.33 as a peak level and $238.43 as the lowest level. The stock ended up at $239.62. The daily volume was measured at 791,000 shares. The 52-week high of the share price is $253.8 and the 52-week low is $180.15. The company has a market cap of $41,838 million.

Northrop Grumman Corporation is a high technology company providing innovative solutions in systems integration, defense electronics and information technology for its U.S. and international military, government and commercial customers, as a prime contractor, principal subcontractor, team member or preferred supplier. (Company Press Release)


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