In a report released today, Rajeev Lalwani from Morgan Stanley maintained a Buy rating on Northrop (NOC), with a price target of $437.00. The company’s shares closed last Monday at $368.83, close to its 52-week high of $383.89.
According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 5.4% and a 65.5% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and Hawaiian Holdings.
Currently, the analyst consensus on Northrop is a Strong Buy with an average price target of $396.75, a 8.0% upside from current levels. In a report issued on October 8, Barclays also maintained a Buy rating on the stock with a $415.00 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 $8.46 billion and net profit of $861 million. In comparison, last year the company earned revenue of $8.09 billion and had a net profit of $1.14 billion.
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