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Morgan Stanley Believes Northrop (NOC) Still Has Room to Grow

Morgan Stanley analyst Kristine Liwag maintained a Buy rating on Northrop (NOCResearch Report) today and set a price target of $521.00. The company’s shares closed last Wednesday at $448.37, close to its 52-week high of $457.09.

According to TipRanks.com, Liwag is a 3-star analyst with an average return of 2.0% and a 57.3% success rate. Liwag covers the Technology sector, focusing on stocks such as Virgin Galactic Holdings, L3Harris Technologies, and Teledyne Technologies.

Northrop has an analyst consensus of Moderate Buy, with a price target consensus of $405.71.

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Based on Northrop’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.64 billion and net profit of $2.71 billion. In comparison, last year the company earned revenue of $10.21 billion and had a net profit of $330 million.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NOC in relation to earlier this year.

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.

Virginia-based Northrop Grumman Corp. is a global aerospace and defense technology company. It operates through the following business segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems.

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