Zacks Investment Research Lowers Northrop Grumman Corporation (NOC) to Hold

In this artist's depiction the MEV-1 spacecraft is attached to a customer's satellite and is performing its role in extending its operational life. Image Credit Nathan Koga  Space Flight Insider

Northrop Grumman to buy space firm Orbital for US$9.2b

Its up 0.06, from 0.88 in 2016Q3.

The deal will be accretive to Northrop Grumman's earnings per share and free cash flow in the first year of acquisition and lead to annual cost savings of almost $150 million by 2020. It is flat, as 67 investors sold ORCL shares while 585 reduced holdings. only 87 funds opened positions while 431 raised stakes. Lsv Asset Mgmt invested in 0.56% or 7.96 million shares. Stevens First Principles Inv Advsrs holds 0% or 19 shares in its portfolio. Ibm Retirement Fund owns 15,626 shares for 0.16% of their portfolio.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings data on Wednesday, July 26th. California Pub Employees Retirement System reported 478,801 shares. The stock rose 0.73% or $2.02 reaching $277.99 per share. Clinton Grp Incorporated reported 32,708 shares stake. Northrop Grumman Corporation (NOC) has risen 18.39% since September 19, 2016 and is uptrending. Gulf Bancorporation (Uk) reported 0.18% of its portfolio in Northrop Grumman Corporation (NYSE:NOC).

Public Sector Pension Investment Board decreased Edgewell Pers Care Co stake by 175,000 shares to 25,000 valued at $1.83 million in 2016Q4. Manufacturers Life Insurance Co The stated it has 0% in Farmers Capital Bank Corp (NASDAQ:FFKT). The institutional investor owned 1,552,091 shares of the aerospace company's stock after purchasing an additional 128,002 shares during the quarter.

So, most importantly, where are shares headed from here? Royal Bank Of Canada set a $294.00 price objective on shares of Northrop Grumman Corporation and gave the stock a buy rating in a report on Tuesday, August 29th. The 5 months bullish chart indicates low risk for the $48.40 billion company. Next quarter's EPS is estimated at $1.83 with next year's EPS projected to be $6.71. If the $289.12 price target is reached, the company will be worth $1.94B more. The trading saw a strength at $18.53, the 52-week high. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.08 million shares traded. This is a near-term outlook for the coming 12-18 months. It has outperformed by 1.69% the S&P500. They expect $2.93 EPS, down 2.98% or $0.09 from last year's $3.02 per share. FFKT's profit would be $4.43 million giving it 16.78 P/E if the $0.59 EPS is correct. This is assuming the current $2.93 EPS is accurate.

Among 13 analysts covering Orbital ATK (NYSE:OA), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 57% are positive.

According to Zacks, "As one of the top largest USA defense contractors, Northrop continues to enjoy strong presence in Air Force, Space & Cyber Security programs". Over a month, it has seen its stock price volatility to stay at 3.31% while shortening the period to a week, volatility was 4.26%. First Foundation had 9 analyst reports since October 23, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Monday, July 24 by Jefferies. The firm has "Overweight" rating given on Thursday, August 11 by Barclays Capital. The firm has "Neutral" rating given on Wednesday, March 1 by Citigroup. Market Capitalization if basically the market value of the company's shares outstanding. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, January 29. Morgan Stanley began coverage on Northrop Grumman Corporation in a research report on Tuesday, August 8th. The rating was maintained by FBR Capital with "Outperform" on Friday, October 28. The firm has "Buy" rating given on Thursday, August 6 by Argus Research.

USA defense group Northrop Grumman will buy out the rocket and missile maker Orbital ATK in a deal worth US$9.2 billion (RM38.5 billion), the firms said on Monday. The ex-dividend date is Friday, September 1st.

"Our two companies represent a very complementary fit", said Wes Bush, chairman, president and CEO of Northrop Grumman. The stock has a market cap of $7.63 billion, a PE ratio of 27.56 and a beta of -0.34. The Firm provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance; strike, and logistics and modernization.

Latest News