After Credit Suisse and Citigroup gave Northrop (NYSE: NOC) a Buy rating last month, the company received another Buy, this time from Drexel Hamilton. Analyst David Williams maintained a Buy rating on Northrop yesterday and set a price target of $335. The company’s shares closed yesterday at $280.62.
According to TipRanks.com, Williams is a 3-star analyst with an average return of 5.5% and a 70.3% success rate. Williams covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Mercury Systems Inc, and Kratos Defense.
Currently, the analyst consensus on Northrop is a Strong Buy with an average price target of $313.82, which is an 11.8% upside from current levels. In a report issued on January 31, Credit Suisse also maintained a Buy rating on the stock with a $310 price target.
See today’s analyst top recommended stocks >>
Northrop’s market cap is currently $47.52B and has a P/E ratio of 16.76. The company has a Price to Book ratio of 5.85.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
