Northrop Grumman Corp. [NOC] stock prices are up 2.99% to $543.88 at the moment. 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 2.65% over the last week, with a monthly amount glided 3.95%, 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 August 27, 2024, when Alembic Global Advisors downgraded its rating to a Neutral but kept the price target unchanged to $560 for it. Previously, Deutsche Bank upgraded its rating to Buy on July 29, 2024, and elevated its price target to $575. On June 26, 2024, BTIG Research initiated with a Buy rating and assigned a price target of $565 on the stock. Bernstein downgraded its rating to a Mkt Perform but stick to its price target of $477 on June 21, 2024. Alembic Global Advisors upgraded its rating to a Overweight but $532 remained the price target by the analyst firm on April 22, 2024. Robert W. Baird downgraded its rating to Neutral for this stock on January 16, 2024, but kept the price target unchanged to $505. In a note dated December 15, 2023, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $541 to $473.
The stock price of Northrop Grumman Corp. [NOC] has been fluctuating between $414.56 and $534.61 over the past year. Currently, Wall Street analysts expect the stock to reach $487.97 within the next 12 months. Northrop Grumman Corp. [NYSE: NOC] shares were valued at $543.88 at the most recent close of the market. An investor can expect a potential drop of -10.28% 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. 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 527.92 points at the first support level, and at 511.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 557.70, and for the 2nd resistance point, it is at 571.53.
Ratios To Look Out For
It’s worth pointing out that Northrop Grumman Corp. [NYSE:NOC]’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 1.95, the price to book ratio is 5.57 and price to earnings (TTM) ratio is 35.49.
Transactions by insiders
Recent insider trading involved WELSH MARK A III, Director, that happened on Sep 05 ’24 when 33.0 shares were sold. Director, WELSH MARK A III completed a deal on Aug 29 ’24 to sell 34.0 shares. Meanwhile, Affiliate Mark Welsh bought 133.0 shares on Aug 29 ’24.
