Research analysts at Jefferies Financial Group lowered their Q4 2020 earnings per share (EPS) estimates for Northrop Grumman in a note issued to investors on Monday, October 12th. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the aerospace company will post earnings of $5.68 per share for the quarter, down from their previous forecast of $5.76. Jefferies Financial Group currently has a "Buy" rating and a $375.00 target price on the stock.
A number of other analysts also recently commented on the stock. Sanford C. Bernstein boosted their price objective on shares of Northrop Grumman from $405.00 to $419.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Morgan Stanley began coverage on Northrop Grumman in a report on Tuesday, September 8th. They issued an "overweight" rating and a $470.00 price target on the stock. Zacks Investment Research raised Northrop Grumman from a "hold" rating to a "buy" rating and set a $334.00 price objective for the company in a research note on Thursday, October 1st. computer science or computer engineering raised Northrop Grumman from a "c" rating to a "b-" rating in a research note on Monday, August 10th. Finally, Royal Bank of Canada raised shares of Northrop Grumman from a "sector perform" rating to an "outperform" rating and set a $391.00 price objective on the stock in a research note on Tuesday, October 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of "Buy" and an average target price of $392.20.
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