In a report released yesterday, Kenneth Herbert from RBC Capital maintained a Hold rating on Northrop Grumman (NOC – Research Report), with a price target of $475.00. The company’s shares closed yesterday at $488.06.
According to TipRanks, Herbert is a top 100 analyst with an average return of 18.7% and a 63.54% success rate. Herbert covers the Industrials sector, focusing on stocks such as Boeing, Airbus Group SE, and GE Aerospace.
In addition to RBC Capital, Northrop Grumman also received a Hold from Wells Fargo’s Matthew Akers in a report issued yesterday. However, today, Morgan Stanley maintained a Buy rating on Northrop Grumman (NYSE: NOC).
NOC market cap is currently $70.32B and has a P/E ratio of 35.09.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NOC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Northrop Grumman (NOC) Company Description:
Virginia-based Northrop Grumman Corp. is a global aerospace and defense technology company. It operates through the following business segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems.
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