Northrop Grumman Corporation (NOC) a Moderate Buy, Analysts See 4% Upside

Northrop Grumman Corporation (NYSE:NOC) is among the 10 Best Defense Stocks to Buy successful the S&P 500. On January 15, UBS expert Gavin Parsons lifted the firm’s terms people connected the banal to $777 from $770, portion keeping a Buy rating.

The update follows Citigroup’s accommodation connected the banal connected January 13, erstwhile the steadfast hiked its terms people connected the company’s shares to $715 from $654 and reiterated a Buy rating, arsenic it revised its presumption connected stocks successful the aerospace and defence sector, citing beardown momentum.

Based connected the ratings of 13 analysts, Northrop Grumman Corporation (NYSE:NOC) is simply a Moderate Buy. The banal has a one-year mean stock terms people of $692.08, representing an upside of 3.78% arsenic of the adjacent connected January 19.

On January 12, the institution was awarded a $233 cardinal declaration to manufacture a caller precocious lightweight torpedo for the U.S. Navy, which volition diagnostic improved lethality. The statement volition besides see manufacturing impervious and transportation for the qualification phases.

This follows a $94.3 cardinal declaration secured from the Navy connected January 7 to physique a caller second-stage coagulated rocket centrifugal for rocket programs to defender against aerial, surface, and hypersonic threats.

Northrop Grumman Corporation (NYSE:NOC) is 1 of the world’s largest defence contractors. It is engaged successful the design, development, integration, and attraction of precocious systems crossed aeronautics, space, defence electronics, and ngo solutions.

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Disclosure: None.