Robert W. Baird analyst Peter Arment maintained a Hold rating on Northrop (NOC – Research Report) on January 24 and set a price target of $355.00. The company’s shares closed last Thursday at $382.02.
According to TipRanks.com, Arment is a 5-star analyst with an average return of 11.0% and a 63.1% success rate. Arment covers the Technology sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and Spirit AeroSystems.
Northrop has an analyst consensus of Moderate Buy, with a price target consensus of $408.43, which is a 6.7% upside from current levels. In a report issued on January 10, Wells Fargo also upgraded the stock to Hold with a $399.00 price target.
Northrop’s market cap is currently $59.63B and has a P/E ratio of 8.79.
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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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