Northrop Grumman Corp. [NOC] stock is trading at $480.30, up 2.07%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NOC shares have gain 9.67% over the last week, with a monthly amount glided 11.31%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Northrop Grumman Corp. [NYSE: NOC] stock has seen the most recent analyst activity on June 26, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $565. Previously, Bernstein downgraded its rating to Mkt Perform on June 21, 2024, and kept the price target unchanged to $477. On April 22, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $532 on the stock. Robert W. Baird downgraded its rating to a Neutral but stick to its price target of $505 on January 16, 2024. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $473 on December 15, 2023. Wolfe Research downgraded its rating to Underperform for this stock on December 14, 2023, but kept the price target unchanged to $450. In a note dated October 11, 2023, UBS initiated an Buy rating and provided a target price of $555 on this stock.
Northrop Grumman Corp. [NOC] stock has fluctuated between $414.56 and $496.89 over the past year. Currently, Wall Street analysts expect the stock to reach $490.58 within the next 12 months. Northrop Grumman Corp. [NYSE: NOC] shares were valued at $480.30 at the most recent close of the market. An investor can expect a potential return of 2.14% based on the average NOC price forecast.
Analyzing the NOC fundamentals
Northrop Grumman Corp. [NYSE:NOC] reported sales of 40.76B for the trailing twelve months, which represents a growth of 6.70%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.15 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.14.
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 473.46 points at the first support level, and at 466.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 485.79, and for the 2nd resistance point, it is at 491.29.
Ratios To Look Out For
For context, Northrop Grumman Corp.’s Current Ratio is 1.09. Further, the Quick Ratio stands at 0.97, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 4.92 and price to earnings (TTM) ratio is 31.35.
Transactions by insiders
Recent insider trading involved ROEDER ROSHAN S, CVP & Pres. Defense Systems, that happened on May 20 ’24 when 910.0 shares were sold. CVP & Pres, Mission Systems, Caylor Mark A completed a deal on Feb 21 ’24 to sell 825.0 shares. Meanwhile, Corp VP & General Counsel Simpson Kathryn G sold 356.0 shares on Feb 21 ’24.
