RBC Capital Believes Northrop (NYSE: NOC) Won’t Stop Here

By Austin Angelo

In a report released yesterday, Matthew W. McConnell from RBC Capital reiterated a Buy rating on Northrop (NYSE: NOC), with a price target of $294. The company’s shares closed yesterday at $267.90, close to its 52-week high of $274.61.

According to TipRanks.com, McConnell is a 3-star analyst with an average return of 3.5% and a 59.3% success rate. McConnell covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Lincoln Electric Holdings, and United Technologies Corp.

Northrop has an analyst consensus of Moderate Buy, with a price target consensus of $276.

The company has a one year high of $274.61 and a one year low of $206.69. Currently, Northrop has an average volume of 645K.

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Northrop Grumman Corp. engages in the development and provision of security products and solutions. It operates through the following segments: Aerospace Systems, Mission Systems and Technology Services.