Northrop (NYSE: NOC) received a Hold rating and a $328 price target from Alembic Global analyst Peter Skibitski on August 27. The company’s shares closed yesterday at $300.41.
Skibitski said:
“We would likely be less cautious if the GOP keeps the House.”
According to TipRanks.com, Skibitski is a 4-star analyst with an average return of 22.7% and a 85.0% success rate. Skibitski covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, L3 Technologies Inc, and Huntington Ingalls.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northrop with a $357.55 average price target, which is a 19.0% upside from current levels. In a report issued on August 15, UBS also initiated coverage with a Hold rating on the stock with a $315 price target.
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Based on Northrop’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $7.12 billion and net profit of $689 million. In comparison, last year the company earned revenue of $6.38 billion and had a net profit of $552 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.
