BidaskScore Hits Northrop Grumman Corporation (NYSE:NOC) Hard With Today’s Downgrade

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Investors sentiment decreased to 0.9 in 2019 Q2. Its down 0.28, from 1.18 in 2019Q1. It dived, as 61 investors sold Northrop Grumman Corporation shares while 277 reduced holdings. 110 funds opened positions while 195 raised stakes. 137.21 million shares or 0.21% more from 136.92 million shares in 2019Q1 were reported.

Voya Inv Limited Liability Company invested in 66,707 shares. Alps Advsrs invested in 0% or 1,392 shares. Private Advisor Grp Inc Limited Liability Company, New Jersey-based fund reported 9,352 shares. Intrust State Bank Na holds 832 shares. Baystate Wealth Mgmt invested 0% in Northrop Grumman Corporation (NYSE:NOC). Jnba Fincl Advsr owns 100 shares or 0.01% of their US portfolio. Raymond James Tru Na has invested 0.12% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Regal Invest Advsrs Ltd Limited Liability Company stated it has 7,054 shares. Of Toledo Na Oh stated it has 855 shares or 0.07% of all its holdings. Moreover, Mai Capital Mngmt has 0.17% invested in Northrop Grumman Corporation (NYSE:NOC). Brown Brothers Harriman & holds 0% or 283 shares. Ibm Retirement Fund holds 2,461 shares or 0.15% of its portfolio. Palladium Ptnrs Lc stated it has 5,804 shares or 0.13% of all its holdings. The Connecticut-based Aqr Cap Management Limited has invested 0.11% in Northrop Grumman Corporation (NYSE:NOC). Peapack Gladstone Fincl Corp accumulated 752 shares.

Northrop Grumman Corporation (NYSE:NOC) Receives a Downgrade

Northrop Grumman Corporation (NYSE:NOC) shares have just seen their rating cut by equity research analysts at BidaskScore to a ‘Buy’ in analysts note revealed to investors and clients on Saturday morning.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

Among 3 analysts covering Northrop Grumman Corporation Common Stock (NYSE:NOC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Northrop Grumman Corporation Common Stock has $43700 highest and $30000 lowest target. $369’s average target is 1.87% above currents $362.22 stock price. Northrop Grumman Corporation Common Stock had 9 analyst reports since April 25, 2019 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, June 14. Morgan Stanley upgraded it to “Overweight” rating and $41800 target in Tuesday, August 6 report. UBS maintained it with “Neutral” rating and $30000 target in Thursday, April 25 report. The rating was maintained by Morgan Stanley on Thursday, October 10 with “Overweight”. Barclays Capital maintained the stock with “Overweight” rating in Thursday, May 16 report. As per Wednesday, July 10, the company rating was maintained by UBS.

The stock decreased 1.77% or $6.53 during the last trading session, reaching $362.22. About 1.50 million shares traded or 56.56% up from the average. Northrop Grumman Corporation (NYSE:NOC) has risen 17.21% since October 13, 2018 and is uptrending. It has outperformed by 17.21% the S&P500.

Analysts await Northrop Grumman Corporation (NYSE:NOC) to report earnings on October, 23. They expect $4.74 earnings per share, down 27.52 % or $1.80 from last year’s $6.54 per share. NOC’s profit will be $802.00M for 19.10 P/E if the $4.74 EPS becomes a reality. After $5.06 actual earnings per share reported by Northrop Grumman Corporation for the previous quarter, Wall Street now forecasts -6.32 % negative EPS growth.

Northrop Grumman Corporation, a security company, provides systems, products, and solutions in autonomous systems, cyber, strike, logistics and modernization, and command, control, communications, computers, intelligence, surveillance, and reconnaissance to government and commercial clients worldwide. The company has market cap of $61.29 billion. It has three divisions: Aerospace Systems, Mission Systems, and Technology Services. It has a 18.77 P/E ratio. The Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics, and other systems/subsystems.

More notable recent Northrop Grumman Corporation (NYSE:NOC) news were published by: Seekingalpha.com which released: “Aerojet Rocketdyne: Planning For Q3 Earnings – Seeking Alpha” on October 09, 2019, also Prnewswire.com with their article: “Artificial Intelligence Influence on Today’s Military Industry Resulting in Overwhelming Revenue Generating Opportunities – PRNewswire” published on October 10, 2019, Bizjournals.com published: “The D.C. area’s 50 highest-paid public company CEOs may delight, surprise or frustrate you – Washington Business Journal” on October 01, 2019. More interesting news about Northrop Grumman Corporation (NYSE:NOC) were released by: Fool.com and their article: “5 Massive Defense Deals You Have Might Missed in Last Week’s Pentagon Contracts Update – The Motley Fool” published on October 06, 2019 as well as Fool.com‘s news article titled: “Northrop Grumman Wins a $1.4 Billion Arms Deal – Motley Fool” with publication date: October 02, 2019.

Northrop Grumman Corporation (NYSE:NOC) Institutional Positions Chart

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