Sell-side analysts following Northrop Grumman Corporation (NYSE:NOC) have been making their best calculations on where they believe the stock is heading. Combining estimates from polled analysts used by Zacks Research, we can see that the consensus target price is currently $317.83 on the stock. This number may vary from other data providers providing consensus target estimates. Covering analysts may use different methods in order to create a future target price. Because of the various methods used, price targets may be widely different from one covering analyst to the next.
Investors often have to make decisions on what to do with stocks that have unperformed. Maybe things didn’t pan out the right way, even after combing through the numbers. Sometimes it may be difficult to let go of a stock that isn’t up to par. Knowing when to cut a loser from the portfolio can be a useful skill for the individual investor. On the flip side, investors may have to decide whether to sell a winner. There may be occasions when a stock goes through the roof without any notice. The tricky part may be figuring out whether to cash in, or keep riding the wave. Heading into the next few quarters, investors will be trying to make sure they have all the bases covered.
Investors may be following some historical price data on shares of Northrop Grumman Corporation (NYSE:NOC). Over the past 12 weeks, the stock has seen a change of 7.18%. If we go back to the beginning of the year, we can see that shares have changed 15.58%. Over the last 4 weeks, shares have seen a change of 3.02%. Over the last 5 trading sessions, the stock has moved 4.44%. Investors will be monitoring stock activity over the next few weeks to try and gauge which way the momentum is leaning. Checking on some possible support and resistance levels, we have noted that that the 52-week high is currently $358.02, and the 52-week low is currently $226.23. When shares are trading close to the 52-week high or 52-week low, investors might be paying added attention. Looking at some recent action, we note that the stock has been seen trading near the $283.05 mark.
We can now shift the focus to some company earnings data. Based on projections provided by 13 individual Wall Street analysts polled by Zacks Research, Northrop Grumman Corporation (NYSE:NOC) has a current quarter EPS consensus estimate of 4.61. For the prior reporting period, the company posted quarterly earnings per share of 4.93. As earnings season continues, investors will be closely tracking analyst estimates. Sell-side analysts often make updates before and after the company reports earnings numbers. Following analyst estimate updates leading up to the earnings release may offer some good insight into the direction that the estimates are trending. Investors will be watching to see which companies post the largest earnings surprises this quarter.
Taking a look at the current consensus broker rating for Northrop Grumman Corporation (NYSE:NOC), we note that the ABR is 1.62. This Zacks consensus rating follows a numerical scale where a number in the 1-2 range generally represents a Buy, a 3 would indicate a Hold and 4-5 signals a Sell rating. In terms of the number of bullish analysts that have the stock rated a Buy or Strong Buy, we can see that the number is currently 9.
Investors may be doing a mid-year review of the portfolio. They may be looking to see what changes need to be made for the second half of the year. Maybe there were some great performers that don’t need much attention. There may also be some not so great performers that need to be looked at a little bit closer. As the next earnings reports become available, investors will be able to scrutinize the numbers. Investors may be tracking sell-side analyst projections heading into earnings. Analysts will often update their numbers as the earnings date approaches.
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