Cowen & Co. Maintains a Hold Rating on Northrop (NOC)


In a report released today, Cai Rumohr from Cowen & Co. maintained a Hold rating on Northrop (NOC), with a price target of $300. The company’s shares closed yesterday at $292.61.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 15.0% and a 72.9% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.

Currently, the analyst consensus on Northrop is a Strong Buy with an average price target of $318.50.

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Based on Northrop’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.16 billion and net profit of $657 million. In comparison, last year the company earned revenue of $6.74 billion and had a net profit of $739 million.

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Northrop Grumman Corp. engages in the provision of security businesses. It includes products, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization.

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