CRT Capital Initiates Coverage on Northrop Grumman Cor (NOC)

By admin | 6 years ago

Investment analysts at CRT Capital began coverage on shares of Northrop Grumman Cor (NYSE: NOC) in a note issued to investors on Wednesday. The firm set a “sell” rating on the stock.

Northrop Grumman Cor traded down 0.69% on Wednesday, hitting $62.915. Northrop Grumman Cor has a 1-year low of $49.20 and a 1-year high of $70.61. The company has a market cap of $15.823 billion and a price-to-earnings ratio of 8.22.

The company last announced its quarterly results on Wednesday, April 25th. It reported $1.96 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.59 EPS by $0.37. The company’s quarterly revenue was down 8.0% on a year-over-year basis. Analysts expect that Northrop Grumman Cor will post $1.66 EPS next quarter.

NOC has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Northrop Grumman Cor in a research note to investors on Tuesday. They now have a $66.00 price target on the stock. Separately, analysts at Credit Suisse (NYSE: CS) raised their EPS on shares of Northrop Grumman Cor in a research note to investors on Thursday, April 26th. They now have a “neutral” rating and a $65.00 price target on the stock. Finally, analysts at Oppenheimer (NYSE: OPY) raised their EPS on shares of Northrop Grumman Cor in a research note to investors on Thursday, April 26th. They now have an “outperform” rating and a $67.00 price target on the stock.

Northrop Grumman Corporation (Northrop Grumman) is an integrated enterprise consisting of businesses that cover the entire security spectrum, from undersea to outer space and into cyberspace.

About the author