Northrop Grumman (NOC) Forms $355.92 Double Top; Last Week Ricardo plc (LON:RCDO) Coverage

Northrop Grumman Corporation (NYSE:NOC) Logo

Northrop Grumman Corporation (NOC) formed double top with $370.16 target or 4.00% above today’s $355.92 share price. Northrop Grumman Corporation (NOC) has $62.07 billion valuation. The stock decreased 0.59% or $2.1 during the last trading session, reaching $355.92. About 653,329 shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 48.11% since April 22, 2017 and is uptrending. It has outperformed by 36.56% the S&P500.

Among 5 analysts covering Ricardo PLC (LON:RCDO), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Ricardo PLC had 42 analyst reports since September 10, 2015 according to SRatingsIntel. The rating was downgraded by Peel Hunt to “Add” on Thursday, November 19. Berenberg maintained the shares of RCDO in report on Thursday, February 9 with “Hold” rating. The rating was maintained by Peel Hunt with “Add” on Thursday, September 15. The firm has “Add” rating by Peel Hunt given on Wednesday, May 18. As per Tuesday, July 19, the company rating was maintained by Peel Hunt. The rating was maintained by Liberum Capital on Friday, January 12 with “Buy”. The rating was maintained by Liberum Capital on Thursday, September 15 with “Buy”. The rating was maintained by Investec with “Buy” on Friday, February 26. Liberum Capital maintained the stock with “Buy” rating in Wednesday, November 8 report. On Tuesday, February 28 the stock rating was maintained by Liberum Capital with “Buy”. See Ricardo plc (LON:RCDO) latest ratings:

04/04/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 1130.00 Maintain
03/04/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 1043.00 Maintain
05/03/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 1043.00 New Target: GBX 1043.00 Maintain
05/03/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 1130.00 New Target: GBX 1130.00 Maintain
28/02/2018 Broker: Peel Hunt Rating: Buy New Target: GBX 1043.00 Maintain
28/02/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 1080.00 New Target: GBX 1130.00 Maintain
23/02/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 1080.00 New Target: GBX 1080.00 Maintain
23/01/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 1043.00 New Target: GBX 1043.00 Maintain
17/01/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 855.00 New Target: GBX 1041.00 Upgrade
17/01/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 1080.00 New Target: GBX 1080.00 Maintain

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.08, from 1.06 in 2017Q3. It worsened, as 46 investors sold Northrop Grumman Corporation shares while 287 reduced holdings. 105 funds opened positions while 222 raised stakes. 137.07 million shares or 0.41% less from 137.63 million shares in 2017Q3 were reported. Fukoku Mutual Life accumulated 0.06% or 1,200 shares. Wetherby Asset Mgmt Incorporated holds 0.13% or 3,116 shares. Boston Advsrs Ltd, a Massachusetts-based fund reported 47,177 shares. Los Angeles Capital Management & Equity Research has invested 0.46% in Northrop Grumman Corporation (NYSE:NOC). Guyasuta Investment Advsrs invested in 2,238 shares. Axa reported 0.21% stake. Lpl Ltd Llc holds 0.1% in Northrop Grumman Corporation (NYSE:NOC) or 110,804 shares. Amica Retiree Med Trust, a Rhode Island-based fund reported 982 shares. Regentatlantic Capital Limited Com reported 1.35% in Northrop Grumman Corporation (NYSE:NOC). Telemus Cap Ltd Liability Company holds 0.14% or 6,024 shares. Eulav Asset Management has 48,900 shares for 0.71% of their portfolio. Chicago Equity Limited Liability Company invested in 0.01% or 870 shares. First Fincl Corporation In reported 235 shares. Edgestream Prtnrs Limited Partnership reported 1,417 shares. 725 are held by Whalerock Point Partners Limited Liability Com.

Since October 27, 2017, it had 0 insider buys, and 10 insider sales for $8.70 million activity. Pamiljans Janis G sold $856,902 worth of stock or 2,557 shares. Shares for $850,870 were sold by Peppard Denise M.. On Tuesday, February 20 Hardesty Michael A sold $1.03M worth of Northrop Grumman Corporation (NYSE:NOC) or 2,941 shares. 6,311 shares were sold by ASHWORTH SID, worth $1.88 million on Friday, October 27.

Analysts await Northrop Grumman Corporation (NYSE:NOC) to report earnings on April, 25 before the open. They expect $3.63 earnings per share, 0.00% or $0.00 from last year’s $3.63 per share. NOC’s profit will be $633.02 million for 24.51 P/E if the $3.63 EPS becomes a reality. After $2.82 actual earnings per share reported by Northrop Grumman Corporation for the previous quarter, Wall Street now forecasts 28.72% EPS growth.

Among 18 analysts covering Northrop Grumman (NYSE:NOC), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Northrop Grumman had 62 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets initiated it with “Outperform” rating and $268 target in Thursday, January 12 report. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Peer Perform” rating by Wolfe Research on Thursday, October 29. The firm has “Outperform” rating by Wells Fargo given on Tuesday, January 16. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Hold” rating given on Thursday, October 19 by Cowen & Co. The firm has “Equal-Weight” rating given on Monday, November 13 by Morgan Stanley. RBC Capital Markets maintained Northrop Grumman Corporation (NYSE:NOC) rating on Thursday, October 26. RBC Capital Markets has “Buy” rating and $347.0 target. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, May 19. The firm has “Outperform” rating given on Thursday, October 6 by Robert W. Baird. Cowen & Co maintained the stock with “Hold” rating in Wednesday, August 23 report. Cowen & Co maintained it with “Market Perform” rating and $300 target in Thursday, October 26 report.

The stock decreased 1.49% or GBX 15 during the last trading session, reaching GBX 990. About 3,970 shares traded. Ricardo plc (LON:RCDO) has 0.00% since April 22, 2017 and is . It has underperformed by 11.55% the S&P500.

Ricardo plc provides engineering and strategic, technical, and environmental consultancy for original equipment manufacturers and operators, supply chain organizations, energy companies, financial institutions, and government agencies worldwide. The company has market cap of 528.69 million GBP. It operates through Technical Consulting and Performance Products divisions. It has a 21.76 P/E ratio. The firm offers technology consulting services for engines, driveline and transmission systems, hybrid and electric systems, and vehicle systems; and environmental consulting services.

Northrop Grumman Corporation (NYSE:NOC) Institutional Positions Chart