Citi Sticks to Its Buy Rating for Northrop Grumman (NOC)
Citi analyst John Godyn maintained a Buy rating on Northrop Grumman yesterday and set a price target of $781.00. The company’s shares closed yesterday at $724.83.
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According to TipRanks, Godyn is a 3-star analyst with an average return of 3.5% and a 61.19% success rate. Godyn covers the Industrials sector, focusing on stocks such as Lockheed Martin, Northrop Grumman, and Boeing.
Currently, the analyst consensus on Northrop Grumman is a Moderate Buy with an average price target of $733.75, which is a 1.23% upside from current levels. In a report released on February 14, TipRanks – xAI also reiterated a Buy rating on the stock with a $777.00 price target.
Based on Northrop Grumman’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $11.71 billion and a net profit of $1.43 billion. In comparison, last year the company earned a revenue of $10.69 billion and had a net profit of $1.26 billion
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NOC in relation to earlier this year. Earlier this month, Kathy Warden, the Chair, CEO and President of NOC sold 20,000.00 shares for a total of $14,176,469.02.
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