Stock Update (NYSE:NOC): Northrop Grumman to Participate in Barclays Industrial Select Conference 2016

[GlobeNewswire] – FALLS CHURCH, Va. — Northrop Grumman Corporation will participate in the Barclays Industrial Select Conference 2016 on Wednesday, Feb. 17. Ken Bedingfield, corporate vice president and chief financial … Read more on this. Northrop Grumman Corporation (NOC) , with a current market cap of $32.80B, opened at $184.56. Today’s price range has been between $180.46 and $185.57 per share and has traded between $152.31 and $193.99 over the past 12 months. Priced at 17.92x this year’s forecasted earnings, NOC shares are relatively inexpensive compared to the industry ’s 41.93x forward p/e ratio. The company pays shareholders $3.20 per share annually in dividends, yielding 1.70%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $2.47 per share, which would be $0.06 better than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $10.26, which would be a $0.13 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.90 Billion. If reported, that would be a 1.01% decrease over the year-ago quarter. Recently, BofA/Merrill upgraded NOC from Neutral to Buy (Feb 1, 2016). Previously, Drexel Hamilton upgraded NOC from Hold to Buy. The average price target for NOC shares by the analysts covering the stock is $202.64, which is 9.80% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Improve Survivability of US Air Force C-130 Aircraft Stock Update (NYSE:NOC): Northrop Grumman to Participate in 2015 Goldman Sachs Industrials Conference Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Breaks Ground on Grand Sky’s Largest Expansion Project