Northrop Grumman Corp. [NOC] stock prices are up 0.24% to $494.55 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NOC shares have gain 2.97% over the last week, with a monthly amount glided 13.15%, 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 July 29, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $575 from $474. Previously, BTIG Research started tracking the stock with Buy rating on June 26, 2024, and set its price target to $565. On June 21, 2024, downgrade downgraded it’s rating to Mkt Perform but maintained its price target of $477 on the stock. Alembic Global Advisors upgraded its rating to a Overweight but stick to its price target of $532 on April 22, 2024. Robert W. Baird downgraded its rating to a Neutral but $505 remained the price target by the analyst firm on January 16, 2024. Deutsche Bank downgraded its rating to Hold for this stock on December 15, 2023, and downed its price target to $473. In a note dated December 14, 2023, Wolfe Research downgraded an Underperform rating on this stock but restated the target price of $450.
The stock price of Northrop Grumman Corp. [NOC] has been fluctuating 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 $494.55 at the most recent close of the market. An investor can expect a potential drop of -0.8% based on the average NOC price forecast.
Analyzing the NOC fundamentals
The Northrop Grumman Corp. [NYSE:NOC] reported sales of 40.76B for trailing twelve months, representing a surge 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.14.
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 485.17 points at the first support level, and at 475.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 504.47, and for the 2nd resistance point, it is at 514.38.
Ratios To Look Out For
It’s worth pointing out that Northrop Grumman Corp. [NYSE:NOC]’s Current Ratio is 1.09. As well, the Quick Ratio is 0.97, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.77, the price to book ratio is 5.06 and price to earnings (TTM) ratio is 32.28.
Transactions by insiders
Recent insider trading involved Jones Thomas H, Officer, that happened on Aug 02 ’24 when 1390.0 shares were purchased. Officer, Jones Thomas H completed a deal on Jul 26 ’24 to buy 1389.0 shares. Meanwhile, CVP & Pres Aeronautics Systems Jones Thomas H sold 1389.0 shares on Jul 26 ’24.
