Northrop Grumman Corporation (NOC) Receives Analyst Rating

Northrop Grumman Corporation (NOC) : 4 brokerage houses believe that Northrop Grumman Corporation (NOC) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Northrop Grumman Corporation (NOC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.2.

Northrop Grumman Corporation (NOC) : The highest short term price target forecast on Northrop Grumman Corporation (NOC) is $250 and the lowest target price is $208. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $233.38 with a standard deviation of $13.75.


Also, In a research note released to the investors, Citigroup maintains its rating on Northrop Grumman Corporation (NYSE:NOC).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup raises the new price target from $235 per share to $243 per share. The rating by the firm was issued on September 7, 2016.

Northrop Grumman Corporation (NYSE:NOC): After opening at $208.64, the stock dipped to an intraday low of $208.16 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $212.19 and the buying power remained strong till the end. The stock closed at $211.39 for the day, a gain of 1.24% for the day session. The total traded volume was 672,912. The stocks close on the previous trading day was $208.81.

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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