With 1.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.23 million shares. The 52-week range on NOC shows that it touched its highest point at $555.57 and its lowest point at $418.60 during that stretch. It currently has a 1-year price target of $535.43. With its current market cap of 67.51 billion, NOC has annualized dividend of $8.24 while the current yield stands at 1.76%. Beta for the stock currently stands at 0.12.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NOC was down-trending over the past week, with a drop of -3.16%, but this was down by -11.39% over a month. Three-month performance surged to 3.07% while six-month performance fell -12.11%. The stock lost -1.59% in the past year, while it has lost -0.05% so far this year. A look at the trailing 12-month EPS for NOC yields 25.41 with Next year EPS estimates of 28.69. For the next quarter, that number is 6.68. This implies an EPS growth rate of -2.33% for this year and 12.63% for next year. EPS is expected to grow by 5.91% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.47%.
Float and Shares Shorts:
At present, 144.07 million NOC shares are outstanding with a float of 143.59 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NOC since 9 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $26.22804 being high and $25.82684 being low. For NOC, this leads to a yearly average estimate of $26.03747.
