Extremely significant positive changes in Northrop Grumman Corp (NYSE: NOC) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Recent minimal positive changes in fundamentals have benefitted Northrop Grumman Corp (NYSE: NOC): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
NOC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Northrop Grumman has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Northrop Grumman has a poor Appreciation Score of 23 but a neutral Power Rating of 53, leading to the Negative Value Trend Rating.
Recent Price Action
Northrop Grumman Corp (NYSE: NOC) stock closed at $494.55 on 8/2/24 after a slight gain of 0.2%. Trading volume in this advance was normal. The stock has risen 5.1% during the last week but has been weak relative to the market over the last nine months.
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