Northrop Grumman Cor’s “Neutral” Rating Reaffirmed at Goldman Sachs (NOC)
Northrop Grumman Cor (NYSE: NOC)‘s stock had its “neutral” rating restated by equities researchers at Goldman Sachs in a report issued on Wednesday. They currently have a $61.00 target price on the stock.
Northrop Grumman Cor traded down 0.30% on Wednesday, hitting $64.715. Northrop Grumman Cor has a 52-week low of $56.59 and a 52-week high of $71.25. The stock’s 50-day moving average is currently $66.10. The company has a market cap of $15.346 billion and a price-to-earnings ratio of 8.31.
Northrop Grumman Cor last announced its earnings results on Wednesday, January 30th. The company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.40. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter last year, the company posted $1.85 earnings per share. Northrop Grumman Cor’s revenue was down .5% compared to the same quarter last year. Northrop Grumman Cor has set its FY13 guidance at $6.85-7.15 EPS. Analysts expect that Northrop Grumman Cor will post $7.05 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Northrop Grumman Cor in a research note to investors on Thursday, January 31st. They now have a $70.00 price target on the stock. Separately, analysts at Credit Suisse raised their EPS on shares of Northrop Grumman Cor in a research note to investors on Thursday, January 31st. They now have a “neutral” rating and a $72.00 price target on the stock. Finally, analysts at JPMorgan Chase reiterated an “underweight” rating on shares of Northrop Grumman Cor in a research note to investors on Thursday, January 31st. They now have a $64.00 price target on the stock.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 20th. Investors of record on Monday, March 4th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, February 28th.
Northrop Grumman Corporation (Northrop Grumman) provides products, services, and integrated solutions in aerospace, electronics, information and services to its global customers.
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