Market Update (NYSE:NOC): Northrop Grumman Highlights Global Security Capabilities at Singapore Airshow

[GlobeNewswire] – SINGAPORE — Northrop Grumman Corporation will highlight its broad range of global security capabilities at the Singapore Airshow, Asia’s largest aerospace and defence event. The biennial event is Feb. … Read more on this. Northrop Grumman Corporation (NOC) , with a current market cap of $33.89B, opened at $184.17. During today’s session, NOC traded between $184.01 to $188.39 with a one year range of $152.31 to $193.99. NOC shares are currently priced at 18.16x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 42.68x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $3.20 per share annually in dividends, yielding 1.72%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $2.47 per share, which would be $0.06 better than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $10.26 which would be a $0.13 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.90 Billion. If realized, that would be a 1.01% decrease over the year-ago quarter. More recently, BofA/Merrill upgraded NOC from Neutral to Buy (Feb 1, 2016). Previously, Drexel Hamilton upgraded NOC from Hold to Buy. The average price target for NOC shares is $202.64, which is 10.03% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Provide Replacement Inertial Navigation System to US Navy Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman to Feature Global Security Capabilities at Seoul International Aerospace and Defense Exhibition 2015 Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Wins Research Contract from DHS to Strengthen Mobile Security Applications
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