Deutsche Bank (DB) Analysts Raise Price Target on Northrop Grumman Cor (NOC) to $74.00
Thursday, July 07, 2021 3:30 PM

Equities research analysts at Deutsche Bank (NYSE: DB) boosted their price target on shares of Northrop Grumman Cor (NYSE: NOC) from $69.00 to $74.00 in a research note to investors on Thursday. The analysts currently have a "hold" rating on the stock.

Separately, analysts at Sanford C. Bernstein downgraded shares of Northrop Grumman Cor from an "outperform" rating to a "market perform" rating in a research note to investors on Thursday. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) cut their price target on shares of Northrop Grumman Cor from $53.00 to $52.00 in a research note to investors on Thursday, April 28th.

Shares of Northrop Grumman Cor traded down 2.21% during mid-day trading on Friday, hitting $68.45. Northrop Grumman Cor has a 52 week low of $53.50 and a 52 week high of $72.50. The stock's 50-day moving average is $65.47 and its 200-day moving average is $65.96. The company has a market cap of $20.037 billion and a price-to-earnings ratio of 9.89.

Northrop Grumman Cor last announced its quarterly results on Wednesday, April 27th. The company reported $1.67 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.56 EPS by $0.11. During the same quarter in the prior year, the company posted $1.51 earnings per share. The company’s quarterly revenue was down 2.60% on a year-over-year basis. On average, analysts predict that Northrop Grumman Cor will post $1.67 EPS next quarter.

Northrop Grumman Corporation (Northrop Grumman) is an integrated enterprise consisting of businesses that cover the entire security spectrum, from undersea to outer space and into cyberspace. The Company operates in five segments: Aerospace Systems, Electronic Systems, Information Systems, Shipbuilding and Technical Services. In April 2009, the Company acquired Sonoma Photonics, Inc., as well as assets from Swift Engineering’s Killer Bee Unmanned Air Systems product line. In December 2009, it sold its Advisory Services Division (ASD). In January 2009, Northrop Grumman streamlined its organizational structure by reducing the number of reporting segments from seven to five.

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