BTIG analyst Andre Madrid maintains $Northrop Grumman (NOC.US)$ with a buy rating, and adjusts the target price from $565 to $600.
According to TipRanks data, the analyst has a success rate of 90.9% and a total average return of 14.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Northrop Grumman (NOC.US)$'s main analysts recently are as follows:
Following a strong third-quarter earnings performance, Northrop Grumman increased its 2024 earnings per share guidance, influenced by a combination of heightened margin expectations and more favorable non-operating items. It is noted that robust international demand is anticipated to facilitate margin growth.
Northrop Grumman's third-quarter earnings per share and EBIT outperformed expectations, leading to an upward revision, despite revenues coming in slightly below the consensus. While the guidance remains unchanged, and the initial outlook for 2025 revenue growth is projected at 3%-4%. The company has exhibited consistent operational performance with numerous upward revisions in various business segments over the past three quarters. It is showcasing a trajectory of robust growth, improved margins, and enhanced free cash flow generation. Additionally, the company is effectively executing on two of the Department of Defense's highest priority programs that span multiple decades.
Anticipation is set for Defense Systems to experience the most significant growth in the coming years, bolstered by the inclusion of Sentinel and robust demand for ammunition. Additionally, international demand is projected to provide ongoing benefits to both revenue and margins.
Note:
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