In a report released today, Rajeev Lalwani from Morgan Stanley maintained a Hold rating on Northrop (NOC), with a price target of $308. The company’s shares opened today at $285.95.
According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 5.3% and a 61.2% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and Hawaiian Holdings.
Northrop has an analyst consensus of Strong Buy, with a price target consensus of $312.91, a 9.4% upside from current levels. In a report issued on February 6, Cowen & Co. also maintained a Hold rating on the stock with a $300 price target.
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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 $6.63 billion and had a net profit of $178 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.
