Northrop Grumman (NYSE:NOC) Given New $640.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for Northrop Grumman from $575.00 to $640.00, suggesting a potential upside of 6.44% based on the company's recent closing price.
• Multiple analysts have recently issued ratings on Northrop Grumman, with the majority giving it a "Buy" rating; the stock currently has a consensus target price of $641.27.
• In its latest earnings report, Northrop Grumman exceeded analysts’ expectations with an EPS of $7.67, despite revenue being slightly below forecasts.

Northrop Grumman (NYSE:NOC - Get Free Report) had its target price boosted by research analysts at JPMorgan Chase & Co. from $575.00 to $640.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the aerospace company's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 6.44% from the company's previous close.

NOC has been the subject of a number of other reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Northrop Grumman in a research note on Tuesday, October 14th. Bank of America lifted their price target on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Susquehanna raised their target price on shares of Northrop Grumman from $650.00 to $690.00 and gave the company a "positive" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a $700.00 target price on shares of Northrop Grumman and gave the company a "buy" rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Northrop Grumman from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $641.27.

Northrop Grumman Price Performance

Northrop Grumman stock traded up $1.90 during mid-day trading on Wednesday, reaching $601.25. The company had a trading volume of 408,460 shares, compared to its average volume of 935,606. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The stock's 50-day simple moving average is $593.28 and its 200-day simple moving average is $538.58. Northrop Grumman has a 1 year low of $426.24 and a 1 year high of $640.90. The company has a market capitalization of $86.09 billion, a P/E ratio of 22.16, a P/E/G ratio of 5.85 and a beta of 0.10.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts' consensus estimates of $6.43 by $1.24. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The business had revenue of $10.42 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same period last year, the company posted $7.00 EPS. The company's revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities analysts predict that Northrop Grumman will post 28.05 EPS for the current year.

Institutional Investors Weigh In On Northrop Grumman

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new stake in Northrop Grumman during the 2nd quarter worth $25,000. IMA Advisory Services Inc. purchased a new stake in Northrop Grumman during the 1st quarter worth $27,000. Saudi Central Bank purchased a new stake in Northrop Grumman during the 1st quarter worth $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Northrop Grumman in the 1st quarter worth about $30,000. Finally, NewSquare Capital LLC increased its position in shares of Northrop Grumman by 75.0% in the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company's stock worth $31,000 after purchasing an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company's stock.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

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