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Market Update (NYSE:NOC): Northrop Grumman Announces Finalists for 2016 CyberCenturion Competition

[GlobeNewswire] – LONDON — Northrop Grumman Corporation has announced the ten teams who have qualified for the CyberCenturion National Finals, to be held on April 26 at The National Museum of Computing, Bletchley Park. … Read more on this. Northrop Grumman Corporation (NOC) , with a current market cap of $34.50B, began trading this morning at $192.16. Today’s price range has been between $190.06 and $192.64 per share and has traded between $152.31 and $193.99 over the past 12 months. 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 for the same period. The company pays shareholders $3.20 per share annually in dividends, yielding 1.77%. 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. In looking at the bigger picture, the full-year EPS estimate of $10.24 would be a $0.15 worse 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. The average price target for NOC shares by the analysts covering the stock is $203.36, which is 5.83% 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
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