Morgan Stanley analyst Kristine Liwag maintains $Northrop Grumman (NOC.US)$ with a buy rating, and adjusts the target price from $592 to $605.
According to TipRanks data, the analyst has a success rate of 61.9% and a total average return of 10.2% 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 earnings before interest and taxes exceeded expectations, leading to an upward revision, despite revenue being slightly below consensus. The company has maintained its guidance, with an anticipated revenue growth of 3%-4% by 2025. The past three quarters have showcased consistent operational performance with numerous upward revisions across various business segments. Northrop Grumman is evidencing a resurgence of robust growth, improved profit margins, and enhanced free cash flow, all while efficiently progressing on two of the Department of Defense's most critical long-term priority projects.
Northrop Grumman's third quarter results were robust, and its operating margin story appears promising. However, it's believed that much of the positive news may already be factored into the company's current stock value. Northrop Grumman is expected to maintain a relatively strong position regardless of the outcome of the 2024 Presidential election, although there could be potential delays in the GBSD - Ground Based Strategic Deterrent - program.
The 2025 objectives set by Northrop Grumman appear to be within reach and may even present opportunities for the usual positive amendments. The company's forecast for Q4 seems to be on the cautious side, indicating potential for outperformance.
Note:
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