In a report released today, Kristine Liwag from Morgan Stanley maintained a Buy rating on Northrop (NOC), with a price target of $453.00. The company’s shares closed last Thursday at $292.52.
According to TipRanks.com, Liwag has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -13.2% and a 34.6% success rate. Liwag covers the Technology sector, focusing on stocks such as L3Harris Technologies, Lockheed Martin, and Boeing.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Northrop with a $386.75 average price target.
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Northrop’s market cap is currently $50.8B and has a P/E ratio of 20.10. The company has a Price to Book ratio of -5.41.
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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. It operates through the following business segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services. The Aerospace Systems segment includes the design, development, integration, and production of manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics, and other systems and subsystems. The Innovation Systems segment deigns, develops, integrates, and produces flight, armament, and space systems to enable national security, civil government, and commercial customers. The Mission Systems segment consists of sensors and processing; cyber and intelligence, surveillance and reconnaissance; and advanced capabilities. The Technology Services focuses on global logistics and modernization; advanced defense services; and system modernization and services. The company was founded by John K. Northrop, Thomas V. Jones, and Kent Kresa in 1939 and is headquartered in Falls Church, VA.
