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Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Highlights Innovative Technologies that Advance Health IT at HIMSS Annual Conference

[GlobeNewswire] – LAS VEGAS — Northrop Grumman Corporation will feature innovative technologies and systems that advance the future of health at the Healthcare Information Management Systems Society (HIMSS) 2016 Annual … Read more on this. Northrop Grumman Corporation (NOC) , with a current market cap of $34.79B, started the session at $193.00. A quick look at the market, the company’s stock traded between $191.94 and $193.68 with the price of the stock fluctuating between $152.31 to $193.99 over the last 52 weeks. Priced at 18.57x this year’s forecasted earnings, NOC shares are relatively inexpensive compared to the industry ’s 40.95x forward p/e ratio. And for income investors, the company pays shareholders $3.20 per share annually in dividends, yielding 1.66%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.46 per share, which would be $0.05 better than the year-ago quarter and a $0.05 sequential decrease. Investors should also note that the full-year EPS estimate of $10.23 is a $0.16 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.92 Billion. If reported, that would be a 0.67% 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. When considering if perhaps the stock is under or overvalued, the average price target is $203.64, which is 5.51% 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 Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Demonstrates Continued Progress With its Integrated Topside Advance Development Model Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Wins Research Contract from DHS to Strengthen Mobile Security Applications
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