Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Improve Survivability of US Air Force C-130 Aircraft

[GlobeNewswire] – ROLLING MEADOWS, Ill. — The U.S. Special Operations Command has selected Northrop Grumman Corporation to provide advanced countermeasure systems for AC-130J and MC-130J aircraft. Read more on this. Northrop Grumman Corporation (NOC) , with a current market cap of $33.91B, opened this morning at $185.98. During the trading session, NOC traded between $185.31 to $187.12 and has traded between $141.58 and $193.99 over the past year. NOC shares are currently priced at 19.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.05x forward p/e ratio. The company pays shareholders $3.20 per share in dividend income per year, for a current yield of 1.69%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $1.99 per share, which would be $0.49 worse than the year-ago quarter and a $0.41 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $9.86 would be a $0.11 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.93 Billion. If realized, that would be a 2.95% decrease over the year-ago quarter. More recently, Drexel Hamilton upgraded NOC from Hold to Buy (Oct 28, 2015). Previously, JP Morgan upgraded NOC from Underweight to Neutral. Given all the information above, we should disclose to readers that the average price target is $201.07, which is 8.11% above than it opened this morning. See more in (NYSE:NOC) Similar Articles: Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Provide Replacement Inertial Navigation System to US Navy Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Breaks Ground on Grand Sky’s Largest Expansion Project Market Update: Northrop Grumman Corporation (NYSE:NOC) – Secretary of the Air Force Deborah Lee James and Lieutenant General Samuel Greaves Visit Northrop Grumman Facility