Northrop Grumman Corporation (NOC) stock expected to gain 13.0% in the coming months

At the time of writing, Northrop Grumman Corporation [NOC] stock is trading at $440.52, up 1.62%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NOC shares have gain 3.65% over the last week, with a monthly amount glided 2.64%, and seem to be holding up well over a long-time horizon.

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On 12, September 2023, Northrop Grumman’s B-21 Raider Continues Progression to Flight Test. In a post published today on Yahoo Finance, Northrop Grumman’s B-21 Raider Continues Progression to Flight Test.

From an analyst’s perspective:

Northrop Grumman Corporation [NYSE: NOC] stock has seen the most recent analyst activity on May 11, 2023, when Barclays downgraded its rating to a Equal Weight and also revised its price target to $450 from $580.

For the past year, the stock price of Northrop Grumman Corporation fluctuated between $416.71 and $556.27. Currently, Wall Street analysts expect the stock to reach $497.78 within the next 12 months. Northrop Grumman Corporation [NYSE: NOC] shares were valued at $440.52 at the most recent close of the market. An investor can expect a potential return of 13.0% based on the average NOC price forecast.

Analyzing the NOC fundamentals

According to Northrop Grumman Corporation [NYSE:NOC], the company’s sales were 9.58 billion in the recent quarter, which represents an 8.80% jump. During this period, the public company’s revenue per employee was $385,284, while its income per employee was $51,537. Gross Margin for this corporation currently stands at +20.42% with Operating Margin at +9.84%, Pretax Margin comes in at +15.94%, and Net Margin reading is +13.38%. To continue investigating profitability, this company’s Return on Assets is posted at 11.34, Equity is 34.68, Total Capital is 12.44, and Invested Capital is 17.41. An extended look at the Principal structure reveals enduring liabilities to the total capital of 49.49 and enduring liabilities to assets of 34.28.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 436.17 points at the first support level, and at 431.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 443.74, and for the 2nd resistance point, it is at 446.95.

Northrop Grumman Corporation [NOC] reported earnings per share of $5.34 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $5.33/share, meaning a difference of $0.01 and a surprise factor of 0.20%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $5.5 per share as compared to estimates of $5.09 per share, a difference of $0.41 representing a surprise of 8.10%.

Ratios To Look Out For

It is important to note that Northrop Grumman Corporation [NYSE:NOC] has a current ratio of 1.20. In addition, the Quick Ratio stands at 0.98 and the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 2.32, the price to book ratio is 5.46 and the P/E (TTM) ratio is 14.60.

Transactions by insiders

In the past 3 months, 3 insiders have purchased 222 shares, and 1 have sold 1,670 shares. Recent insider trading involved Caylor Mark A, CVP & Pres, Mission Systems, that happened on Aug 07 when 1670.0 shares were sold. CVP Chief Global Bus Off, Perry David T completed a deal on Mar 06 to sell 3999.0 shares. Meanwhile, CVP & Pres, Mission Systems Caylor Mark A sold 2810.0 shares on Mar 03.