Northrop Grumman (NOC) Stock Forecast & Price Target

$496.87 +0.46 (+0.09%)

(As of 11/22/2024 ET)

Northrop Grumman - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
1

Hold
10

Buy
5

Based on 16 Wall Street analysts who have issued ratings for Northrop Grumman in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 1 has given a sell rating, 10 have given a hold rating, and 5 have given a buy rating for NOC.

Consensus Price Target

$550.56
10.81% Upside

According to the 16 analysts' twelve-month price targets for Northrop Grumman, the average price target is $550.56. The highest price target for NOC is $643.00, while the lowest price target for NOC is $450.00. The average price target represents a forecasted upside of 10.81% from the current price of $496.87.

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NOC Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$550.56	$547.44	$521.33	$500.20
Forecasted Upside	10.81% Upside	5.41% Upside	1.81% Upside	6.08% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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NOC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NOC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Northrop Grumman Stock vs. The Competition

Type	Northrop Grumman	Aerospace Companies	S&P 500
Consensus Rating Score	2.25	2.64	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	10.81% Upside	82.75% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent NOC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/29/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$500.00 ➝ $550.00	+7.39%
10/25/2024	UBS Group 4 of 5 stars		Boost Target	Buy ➝ Buy	$614.00 ➝ $643.00	+23.81%
10/25/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$500.00 ➝ $540.00	+3.77%
10/25/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$560.00 ➝ $625.00	+19.49%
10/25/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$509.00 ➝ $565.00	+7.89%
10/14/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$500.00 ➝ $560.00	+5.69%
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10/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$521.00 ➝ $587.00	+11.37%
10/8/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Khanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/27/2024	Alembic Global Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$560.00	+9.36%
8/9/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$579.00 ➝ $592.00	+20.48%
7/29/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$474.00 ➝ $575.00	+19.72%
6/26/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Madrid Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$565.00	+31.86%
6/21/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Harned Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$477.00	+9.79%
6/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$530.00 ➝ $500.00	+16.19%
4/26/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$475.00 ➝ $505.00	+3.44%
12/14/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Peer Perform ➝ Underperform	$450.00	-7.21%
7/28/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$655.00 ➝ $615.00	+36.76%
4/28/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/27/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Safran Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
2/6/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$500.00 ➝ $490.00	+11.20%
1/27/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$500.00 ➝ $478.00	+7.79%
1/13/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell	$440.00 ➝ $375.00	-23.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:48 AM ET.

Should I Buy Northrop Grumman Stock? NOC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Northrop Grumman pros and cons to contact@marketbeat.com.

Northrop Grumman
Bull Case

Here are some ways that investors could benefit from investing in Northrop Grumman Co.:

Northrop Grumman Co. has a strong market capitalization of $71.68 billion, indicating a robust financial position and stability in the aerospace and defense sector.
The company recently declared a quarterly dividend of $2.06 per share, which reflects its commitment to returning value to shareholders and can provide a steady income stream for investors.
As of the latest trading session, Northrop Grumman Co. stock is priced at $491.98, which may present a favorable entry point for investors looking to capitalize on potential future growth.
Institutional investors own 83.40% of Northrop Grumman Co.'s stock, suggesting strong confidence from large financial entities in the company's future performance.
Recent insider trading activity shows that while there have been significant sales, the lack of purchases may indicate that insiders are confident in the current valuation and future prospects of the company.

Northrop Grumman
Bear Case

Investors should be bearish about investing in Northrop Grumman Co. for these reasons:

Recent insider trading has shown a pattern of 33 sales with no purchases, which could signal a lack of confidence among executives regarding the stock's future performance.
Quest Partners LLC significantly reduced its stake in Northrop Grumman Co. by 66.2%, which may indicate that some institutional investors are reassessing their positions in the company.
The stock has a relatively high P/E ratio of 30.41, suggesting that it may be overvalued compared to its earnings, which could deter value-focused investors.
There has been a notable decrease in holdings by several institutional investors, including Massachusetts Financial Services Co., which removed 691,038 shares, indicating potential bearish sentiment in the market.
The company's debt-to-equity ratio stands at 1.00, which means it has an equal amount of debt and equity. This could raise concerns about financial leverage and risk, especially in a volatile market.

NOC Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Northrop Grumman is $550.56, with a high forecast of $643.00 and a low forecast of $450.00.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Northrop Grumman in the last twelve months. There is currently 1 sell rating, 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NOC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOC, but not buy additional shares or sell existing shares.
: According to analysts, Northrop Grumman's stock has a predicted upside of 10.81% based on their 12-month stock forecasts.
: Over the previous 90 days, Northrop Grumman's stock had 1 upgrade and 1 downgrade by analysts.
: Northrop Grumman has been rated by research analysts at Alembic Global Advisors, Barclays, Citigroup, JPMorgan Chase & Co., Royal Bank of Canada, Susquehanna, TD Cowen, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Northrop Grumman less than other "aerospace" companies. The consensus rating for Northrop Grumman is Hold while the average consensus rating for "aerospace" companies is Moderate Buy. Learn more on how NOC compares to other companies.

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This page (NYSE:NOC) was last updated on 11/24/2024 by MarketBeat.com Staff

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Northrop Grumman (NOC) Stock Forecast & Price Target