Somewhat Favorable News Coverage Somewhat Unlikely to Impact Northrop Grumman Corporation (NYSE:NOC) Share Price
Press coverage about Northrop Grumman Corporation (NYSE:NOC) has trended somewhat positive on Monday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Northrop Grumman Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the aerospace company an impact score of 45.9944953642749 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- BidaskClub Upgrades Northrop Grumman Corporation (NYSE:NOC) to “Buy” (americanbankingnews.com)
- Investec Asset Management Ltd Bought A Lot More Northrop Grumman Corporation (NOC) Stock – Modern Readers (modernreaders.com)
- NGC’s Astro Aerospace Completes PDR for Inmarsat 6’s L-band Reflectors (asdnews.com)
- Northrop Grumman : Sunshield Layers Fully Integrated on NASA’s James Webb Space Telescope (4-traders.com)
- Air Force Pressing Northrop Over a Damaged Radar, Extra Fees (finance.yahoo.com)
NOC has been the topic of a number of recent research reports. Vertical Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $254.00 to $270.00 in a report on Wednesday, May 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $243.00 price objective on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Cowen and Company reiterated a “hold” rating and issued a $275.00 price objective on shares of Northrop Grumman Corporation in a report on Monday, July 17th. Stifel Nicolaus restated a “hold” rating and set a $255.00 target price (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Finally, Deutsche Bank AG restated a “buy” rating and set a $285.00 target price (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Northrop Grumman Corporation has a consensus rating of “Buy” and a consensus target price of $259.93.
Northrop Grumman Corporation (NOC) traded up 0.79% during trading on Monday, reaching $271.40. 687,449 shares of the company’s stock were exchanged. The firm has a market cap of $47.25 billion, a price-to-earnings ratio of 20.73 and a beta of 0.66. The firm’s 50-day moving average price is $263.85 and its 200-day moving average price is $249.96. Northrop Grumman Corporation has a 12 month low of $206.69 and a 12 month high of $274.61.
Northrop Grumman Corporation (NYSE:NOC) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period last year, the firm posted $2.85 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Northrop Grumman Corporation will post $12.55 EPS for the current year.
In other news, VP Sid Ashworth sold 3,847 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the completion of the sale, the vice president now directly owns 69,458 shares of the company’s stock, valued at approximately $18,059,080. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total value of $96,612.75. Following the sale, the vice president now directly owns 961 shares of the company’s stock, valued at $252,983.25. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
About Northrop Grumman Corporation
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
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