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Stock Update (NYSE:NOC): Northrop Grumman Awarded Contract from US Air Force to Support GPS Modernization

[GlobeNewswire] – WOODLAND HILLS, Calif. — Northrop Grumman Corporation has been awarded an order to support embedded Global Positioning System (GPS)/Inertial Navigation System (INS) Pre-Phase 1 modernization efforts. Read more on this. Northrop Grumman Corporation (NOC) , valued at $34.86B, started the session at $190.16. Looking at the equity, the company’s one day range is $190.00 to $193.20 with its 52-week range being $144.88 to $193.99. NOC shares are currently priced at 19.02x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.05x forward p/e ratio. And for passive income investors, the company pays shareholders $3.20 per share annually in dividends, yielding 1.69%. According to a consensus of 17 analysts, the earnings estimate of $1.99 per share would be $0.49 worse than the year-ago quarter and a $0.41 sequential decrease. Investors should also note that the full-year EPS estimate of $9.86 is a $0.11 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.93 Billion. If reported, that would be a 2.95% decrease over the year-ago quarter. In terms of ratings, Drexel Hamilton upgraded NOC from Hold to Buy (Oct 28, 2015). Previously, JP Morgan upgraded NOC from Underweight to Neutral. The average price target for NOC shares is $201.29, which is 5.85% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Improve Survivability of US Air Force C-130 Aircraft Company Update (NYSE:NOC): Northrop Grumman Wins Contract to Support Next Generation Air Transportation System Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Wins Research Contract from DHS to Strengthen Mobile Security Applications
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