Somewhat Positive Media Coverage Somewhat Unlikely to Impact Northrop Grumman (NOC) Share Price
Media headlines about Northrop Grumman (NYSE:NOC) have trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Northrop Grumman earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 46.0412914279414 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Northrop Grumman upgraded at Jefferies on Orbital ATK deal benefits (seekingalpha.com)
- Northrop Grumman Supplies New ATM Communications Technology to NATO’s Newest Member (webwire.com)
- Jefferies: Orbital ATK Acquisition Strengthens Northrop Grumman (benzinga.com)
- Trump’s 2019 defense budget request seeks more troops and firepower to deter threats (finance.yahoo.com)
- FANG Stocks Lead Techs; Bitcoin Jumps; Defense Play Protects Gains (finance.yahoo.com)
Shares of Northrop Grumman (NYSE:NOC) traded up $6.26 during midday trading on Wednesday, reaching $349.62. The company’s stock had a trading volume of 1,536,538 shares, compared to its average volume of 1,050,000. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 2.04. The company has a market cap of $60,860.00, a P/E ratio of 30.48, a P/E/G ratio of 2.43 and a beta of 0.82. Northrop Grumman has a 52 week low of $233.20 and a 52 week high of $350.42.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 5th will be given a $1.10 dividend. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, March 2nd. Northrop Grumman’s payout ratio is currently 34.87%.
A number of research analysts recently weighed in on NOC shares. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $347.00 price objective on the stock in a research note on Friday, January 12th. Bank of America set a $350.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research note on Friday, October 27th. Goldman Sachs Group set a $320.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research note on Thursday, October 26th. ValuEngine raised Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Royal Bank of Canada set a $374.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research note on Thursday, November 16th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $326.21.
About Northrop Grumman
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
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