Will the Northrop Grumman share price run continue?

Will the Northrop Grumman share price run continue?

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In this article we will quickly re-cap the broker forecasts for Northrop Grumman (NYQ:NOC).

The Northrop Grumman share price has risen by 12.1% over the past month and it’s currently trading at 337.91. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Northrop Grumman currently has:

  • 7 Buy recommendations
  • 3 Hold recommendations
  • 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

Questioning broker positivity

At its current price of 337.91, shares in Northrop Grumman are trading at a discount of -12.2% to its 52 week high price. The 1-year performance of the shares has been -8.43%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Northrop Grumman it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Northrop Grumman that you can find out about here.

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Northrop Grumman's StockRank™

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Northrop Grumman's StockRank™

With a StockRank of 84, Northrop Grumman is more attractive than 84% of the 11,035 stocks we cover in North America, according to our proprietary ranking system.

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