Out of 8 analysts covering Northrop Grumman Corporation (NYSE:NOC), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. $231 is the highest target while $185 is the lowest. The $209.50 average target is -3.85% below today’s ($217.9) stock price. Northrop Grumman Corporation has been the topic of 18 analyst reports since October 12, 2015 according to StockzIntelligence Inc. JP Morgan downgraded the stock on August 25 to “Neutral” rating. Below is a list of Northrop Grumman Corporation (NYSE:NOC) latest ratings and price target changes.
25/08/2016 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Old Target: $225 New Target: $231 Downgrade
02/05/2016 Broker: Barclays Capital Rating: Equal-Weight Old Target: $189.00 New Target: $200.00 Maintain
19/05/2016 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Downgrade
The stock decreased 0.07% or $0.15 during the last trading session, hitting $217.9. Northrop Grumman Corporation (NYSE:NOC) has risen 12.94% since February 25, 2016 and is uptrending. It has outperformed by 1.69% the S&P500.
Northrop Grumman Corporation is a global security company. The company has a market cap of $39.10 billion. The Firm 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 clients across the world. It has a 19.6 P/E ratio. The Firm operates through four divisions: Aerospace Systems, Electronic Systems, Information Systems and Technical Services.
Insitutional Activity: The institutional sentiment increased to 0.99 in 2016 Q2. Its up 0.14, from 0.85 in 2016Q1. The ratio improved, as 36 funds sold all Northrop Grumman Corporation shares owned while 270 reduced positions. 85 funds bought stakes while 219 increased positions. They now own 146.34 million shares or 7.23% less from 157.73 million shares in 2016Q1.
Oakmont Corp holds 9.76% of its portfolio in Northrop Grumman Corporation for 219,530 shares. D.C. Capital Advisors Ltd owns 50,000 shares or 6.5% of their US portfolio. Moreover, Cypress Funds Llc has 4.88% invested in the company for 93,000 shares. The Maryland-based Rothschild Capital Partners Llc has invested 4.4% in the stock. Edgestream Partners L.P., a New Jersey-based fund reported 13,176 shares.
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