TipRanksStock Market NewsNOC NewsNorthrop (NOC) Gets a Buy Rating from Barclays

Northrop (NOC) Gets a Buy Rating from Barclays

In a report issued on March 11, David E. Strauss from Barclays maintained a Buy rating on Northrop (NOCResearch Report), with a price target of $500.00. The company’s shares closed last Friday at $436.30.

According to TipRanks.com, Strauss is a 3-star analyst with an average return of 1.1% and a 55.7% success rate. Strauss covers the Technology sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and Huntington Ingalls.

Northrop has an analyst consensus of Moderate Buy, with a price target consensus of $459.63, which is a 2.7% upside from current levels. In a report issued on March 2, Morgan Stanley also maintained a Buy rating on the stock with a $521.00 price target.

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The company has a one-year high of $490.82 and a one-year low of $297.28. Currently, Northrop has an average volume of 986.1K.

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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