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Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Elects Lisa R. Davis Corporate Vice President, Communications; Darryl M. Fraser to Retire

[GlobeNewswire] – FALLS CHURCH, Va. — Northrop Grumman Corporation announced today that its board of directors has elected Lisa R. Davis, corporate vice president, communications, effective Feb. 29, 2016. Davis will succeed … Read more on this. Northrop Grumman Corporation (NOC) , with a current value of $34.31B, started the session at $187.90. Today, shares have traded between $186.01 and $189.68 per share and has traded between $149.05 and $193.99 over the past year. NOC shares are currently priced at 19.32x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.16x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $3.20 per share annually in dividends, yielding 1.69%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $1.99 per share, which would be $0.49 worse than the year-ago quarter and a $0.40 sequential decrease. Investors should also note that the full-year EPS estimate of $9.86 is a $0.11 better 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 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. Given all the information above, we should disclose to readers that the average price target is $202.21, which is 7.62% above than it opened this morning. See more in (NYSE:NOC) Similar Articles: Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Names Kevin Mickey Vice President, Advanced Design Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Photo Release — Northrop Grumman Appoints Kenneth Robinson Vice President, Operations, Intelligence, Surveillance and Reconnaissance Division Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Names Robert Fleming Vice President of Cyber, Unattended Systems and Strategy for Land and Self Protection Systems
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