Truist analyst Michael Ciarmoli has adjusted the price target for Northrop Grumman (NOC, Financial), lowering it from $600 to $550, though the Buy rating for the company's shares remains unchanged. This decision follows Northrop Grumman's first-quarter results, which fell short of market expectations.
The company's performance was adversely affected by an unexpected charge related to the B-21 program, leading to the revision. Despite this setback, Northrop Grumman's management continues to stand by its revenue and free cash flow projections for the year.
However, the company has revised its outlook on margins and earnings per share (EPS), indicating potential challenges ahead. These changes reflect the complexities in maintaining profitability amidst unforeseen costs.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Northrop Grumman Corp (NOC, Financial) is $553.16 with a high estimate of $625.00 and a low estimate of $480.00. The average target implies an upside of 19.19% from the current price of $464.08. More detailed estimate data can be found on the Northrop Grumman Corp (NOC) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Northrop Grumman Corp's (NOC, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Northrop Grumman Corp (NOC, Financial) in one year is $558.29, suggesting a upside of 20.3% from the current price of $464.08. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Northrop Grumman Corp (NOC) Summary page.
