Northrop Grumman Corporation [NYSE: NOC] loss -1.28% or -4.06 points to close at $313.62 with a heavy trading volume of 1193248 shares. It opened the trading session at $310.75, the shares rose to $316.02 and dropped to $308.55, the range by which the price of stock traded the whole day. The daily chart for NOC points out that the company has recorded -9.33% loss over the past six months. However, it is still -19.11% lower than its most recent low trading price.
If we look at the average trading volume of 1.09M shares, NOC reached to a volume of 1193248 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Northrop Grumman Corporation [NOC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NOC shares is $392.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NOC stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
RBC Capital Mkts have made an estimate for Northrop Grumman Corporation shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on May 21, 2020. While these analysts kept the previous recommendation, Seaport Global Securities raised their target price to Buy. The new note on the price target was released on May 19, 2020, representing the official price target for Northrop Grumman Corporation stock. Previously, the target price had yet another raise from $360 to $370, while Cowen kept a Outperform rating on NOC stock. On March 30, 2020, analysts decreased their price target for NOC shares from 438 to 386.
The Average True Range (ATR) for Northrop Grumman Corporation is set at 10.09, with the Price to Sales ratio for NOC stock in the period of the last 12 months amounting to 1.54. The Price to Book ratio for the last quarter was 5.80, with the Price to Cash per share for the same quarter was set at 19.46. Price to Free Cash Flow for NOC in the course of the last twelve months was 25.53 with Quick ratio for the last quarter at 1.20.
Trading performance analysis for NOC stock
Northrop Grumman Corporation [NOC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.08. With this latest performance, NOC shares gained by 0.54% in over the last four-week period, additionally sinking by -9.33% over the last 6 months – not to mention a rise of 1.35% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NOC stock in for the last two-week period is set at 38.31, with the RSI for the last a single of trading hit 33.32, and the three-weeks RSI is set at 43.09 for Northrop Grumman Corporation [NOC]. The present Moving Average for the last 50 days of trading for this stock 332.28, while it was recorded at 327.21 for the last single week of trading, and 347.12 for the last 200 days.
Northrop Grumman Corporation [NOC]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Northrop Grumman Corporation [NOC] shares currently have an operating margin of +11.73 and a Gross Margin at +21.45. Northrop Grumman Corporation’s Net Margin is presently recorded at +6.64.
Return on Total Capital for NOC is now 16.91, given the latest momentum, and Return on Invested Capital for the company is 10.00. Return on Equity for this stock inclined to 26.44, with Return on Assets sitting at 5.71. When it comes to the capital structure of this company, Northrop Grumman Corporation [NOC] has a Total Debt to Total Equity ratio set at 176.05. Additionally, NOC Total Debt to Total Capital is recorded at 63.77, with Total Debt to Total Assets ending up at 37.79. Long-Term Debt to Equity for the company is recorded at 159.63, with the Long-Term Debt to Total Capital now at 57.83.
Reflecting on the efficiency of the workforce at the company, Northrop Grumman Corporation [NOC] managed to generate an average of $24,978 per employee. Receivables Turnover for the company is 5.15 with a Total Asset Turnover recorded at a value of 0.86.Northrop Grumman Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.30.
Northrop Grumman Corporation [NOC]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Northrop Grumman Corporation posted 5.06/share EPS, while the average EPS was predicted by analysts to be reported at 4.68/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NOC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Northrop Grumman Corporation go to 9.16%.
An analysis of insider ownership at Northrop Grumman Corporation [NOC]
There are presently around $44,686 million, or 85.00% of NOC stock, in the hands of institutional investors. The top three institutional holders of NOC stocks are: STATE STREET CORP with ownership of 16,425,520, which is approximately -3.079% of the company’s market cap and around 0.20% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 16,408,969 shares of the stock with an approximate value of $5.21 billion in NOC stocks shares; and VANGUARD GROUP INC, currently with $4.33 billion in NOC stock with ownership of nearly 2.551% of the company’s market capitalization.
Positions in Northrop Grumman Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 508 institutional holders increased their position in Northrop Grumman Corporation [NYSE:NOC] by around 11,447,200 shares. Additionally, 584 investors decreased positions by around 10,876,482 shares, while 202 investors held positions by with 118,341,186 shares. The mentioned changes placed institutional holdings at 140,664,868 shares, according to the latest SEC report filing. NOC stock had 105 new institutional investments in for a total of 2,854,293 shares, while 138 institutional investors sold positions of 1,438,117 shares during the same period.