Seaport Global analyst Richard Safran maintains $Northrop Grumman (NOC.US)$ with a buy rating, and maintains the target price at $599.
According to TipRanks data, the analyst has a success rate of 61.1% and a total average return of 3.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Northrop Grumman (NOC.US)$'s main analysts recently are as follows:
Northrop Grumman's third-quarter earnings per share and EBIT outperformed expectations, leading to a raised forecast, despite revenues being slightly below consensus. With the company's guidance confirmed and anticipated revenue growth of 3%-4% by 2025, it's evident that the past quarters have showcased consistent operational excellence, surpassing projections in various business segments. The company is on a path toward sustainable growth, improved margins, and enhanced free cash flow, while successfully progressing on two of the Department of Defense's most critical long-term programs.
Northrop Grumman delivered a robust performance in its third quarter, with a promising outlook on operating margins. Despite this, it is believed that the current share value already encapsulates much of the positive developments. The company stands in a favorable position irrespective of the outcome of the 2024 Presidential election, although there could be potential delays in its Ground Based Strategic Deterrent program.
Northrop Grumman's 2025 framework appears attainable with prospects for its usual upward revisions. The company seems well-positioned for the fourth quarter with guidance that appears relatively conservative.
Note:
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