Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Celebrates Engineers Week

[GlobeNewswire] – FALLS CHURCH, Va. — Northrop Grumman Corporation employees will come together this week, Feb. 22-27, for community outreach and innovation activities in celebration of Engineers Week. Northrop Grumman … Read more on this. Northrop Grumman Corporation (NOC) , with a current market cap of $34.79B, opened at $190.78. Shares have traded today between $190.66 and $193.40 per share with a trailing 52-week range being $152.31 to $193.99. NOC shares are currently priced at 18.82x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 40.18x earnings multiple. And for dividend hunters, the company pays shareholders $3.20 per share annually in dividends, yielding 1.68%. Consensus earnings for the current quarter by the 17 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. What we find to be interesting is that the full-year EPS estimate of $10.24 is a $0.15 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.93 Billion. If realized, that would be a 0.50% decrease over the year-ago quarter. In terms of ratings, BofA/Merrill upgraded NOC from Neutral to Buy (Feb 1, 2016). Previously, Drexel Hamilton upgraded NOC from Hold to Buy. Investors should keep in mind is that the average price target is $203.36, which is 6.59% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Market Update: Northrop Grumman Corporation (NYSE:NOC) – GAO Denies Protest, Northrop Grumman to Get Back to Work on America’s New Bomber Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Foundation Announces Finalists of Its Fab School Labs Makeover Contest Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Provide Replacement Inertial Navigation System to US Navy