Analysts weigh in on Northrop-Orbital deal

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

The stock has "Sector Perform" rating by RBC Capital Markets on Thursday, May 19. "Also the stock underperformed the broader industry in the last one year". They may also be used to assist the trader figure out proper support and resistance levels for the stock. Jefferies Group LLC reaffirmed a "hold" rating and set a $243.00 price objective on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st.

However, credit rating agency Standard and Poor's said the deal, likely to be financed mostly by debt, will impact Northrop's "credit metrics", and is expected to lead a downgrade to the company's BBB+ corporate debt rating by one notch to BBB. On Monday, November 16 the stock rating was upgraded by Goldman Sachs to "Conviction Buy".

A number of brokerages have recently issued reports on NOC. Culbertson sold 200 shares of Orbital ATK stock. If the $289.12 price target is reached, the company will be worth $1.94B more. On average, equities analysts predict that Northrop Grumman Corporation will post $12.55 EPS for the current year.

The most recent non open market insider trade was completed by FISK LENNARD A on 08/10/2017, and was a acquisition of 1,133 shares with a final price of $0. 2,869,082 shares of the company's stock traded hands. The company has market cap of $297.55 million. Northrop Grumman Corporation has a 1-year low of $210.60 and a 1-year high of $279.90. Conning has invested 0.06% in Northrop Grumman Corporation (NYSE:NOC). The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.21 billion. The shares price has positioned 30.79% up over the past quarter while it has directed 31.34% toward a rising position throughout past six months. During the same period previous year, the firm earned $2.85 EPS. In the latest earnings report the EPS was $4.80 and is estimated to be $6.17 for the current year with 57,607,000 shares now outstanding. If you are reading this piece on another website, it was stolen and reposted in violation of USA & global copyright and trademark law. The dividend was $0.320 per share for the quarter or $1.28 on an annualized basis. The dividend yield was $1.16. Moreover, Exxonmobil Mngmt Tx has 0.21% invested in Northrop Grumman Corporation (NYSE:NOC). Products Ptnrs Ltd Limited Liability Company owns 5,600 shares for 0.02% of their portfolio. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Waldron LP grew its position in shares of Northrop Grumman Corporation by 17.1% during the 1st quarter.

TRADEMARK VIOLATION WARNING: "Somewhat Positive Media Coverage Somewhat Unlikely to Impact Northrop Grumman Corporation (NOC) Stock Price" was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. As of quarter end Graticule Asia Macro Advisors LLC had bought 2,900 shares growing its holdings by 1.6%. The stock saw a rise in short interest of 5.44% between August 15, 2017 and August 31, 2017. Vanguard Group Inc. now owns 12,764,239 shares of the aerospace company's stock valued at $3,035,847,000 after purchasing an additional 531,824 shares in the last quarter. Montag A & Associates Inc. now owns 2,313 shares of the aerospace company's stock worth $550,000 after buying an additional 63 shares during the period. Graticule Asia Macro Advisors LLC controls 186,600 shares with a value of $18,354,000. It is negative, as 9 investors sold First Foundation Inc shares while 14 reduced holdings. Northrop Grumman will benefit from the acquisition of Orbital ATK. Moreover, Bailard has 0.17% invested in Northrop Grumman Corporation (NYSE:NOC).

Thompson said Orbital ATK's existing space programs, which include the Antares launcher and Cygnus cargo carrier for the International Space Station, a commercial satellite servicer called the Mission Extension Vehicle, and other rocket and satellite product lines, will continue unimpeded during the transaction.

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