Jefferies Maintains Northrop Grumman Corporation to Buy with Price Target $250.00

Brokerage firm Jefferies Maintains its rating on Northrop Grumman Corporation(NYSE:NOC). In a research note issued to the investors, the brokerage major Raises the price-target to $250.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Jul 28, 2016.

In a different note, On May 19, 2016, RBC Capital said it Downgrades its rating on Northrop Grumman Corporation. The shares have been rated ‘Sector Perform’ by the firm. On May 2, 2016, Barclays said it Maintains its rating on Northrop Grumman Corporation. In the research note, the firm Raises the price-target to $189.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Northrop Grumman Corporation (NOC) shares turned negative on Thursdays trading session with the shares closing down -0.32 points or -0.15% at a volume of 5,48,628. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $219.96. The peak price level was also seen at $219.96 while the days lowest was $218.03. Finally the shares closed at $218.34. The 52-week high of the shares is $224.12 while the 52-week low is $152.31. According to the latest information available, the market cap of the company is $38,990 M.

Northrop Grumman Corporation(NOC) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $6.00B. Analysts had an estimated revenue of $5.98B. Earnings per share were $2.60. Analysts had estimated an EPS of $2.53.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Christopher T Jones (Corp VP & Pres Tech Svcs) sold 240 shares at $222.50 per share price.Also, On Jun 9, 2016, Sheila C. Cheston (Corp. VP & General Counsel) sold 3,105 shares at $215.52 per share price.On Jun 7, 2016, Donald E Felsinger (director) sold 4,640 shares at $215.69 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *