Is a good buy noc now ?
8/9/2024 07:20am
**Northrop Grumman (NOC) appears to be a solid investment option at present**, based on the following analysis:
1. **Analyst Ratings and Price Target**: The consensus rating for NOC is "Neutral" with an average price target of $530.75. This suggests that analysts believe the stock has potential for growth from its current price.
2. **Recent Performance**: The stock has seen a slight increase in price, with a closing price of $491.32 on August 8, 2024, representing a 0.32% increase. This uptick could be indicative of positive market sentiment or a reaction to the company's recent earnings report.
|Ticker|Name|Percentage Change|Closing Price|Date|code|market_code|
|---|---|---|---|---|---|---|
|NOC.N|Northrop Grumman|0.3205717202654402|491.32|20240808|NOC|169|
3. **Technical Indicators**: The stock's resistance level is at $498.73, and the support level is at $480.2. The fact that the stock is trading closer to the resistance level than the support level indicates potential for upward movement.
|Ticker|Name|Support Level (Narrow)|Resistance Level (Narrow)|Date|code|market_code|
|---|---|---|---|---|---|---|
|NOC.N|Northrop Grumman|480.202|498.7326|20240807|NOC|169|
4. **Fund Flow**: There has been a net fund flow of $5.16 million into the stock, which is a positive sign as it indicates investor confidence and potential growth.
|Ticker|Name|Net Fund Flow|Net Fund Flow (Extra-large Order)|Date|code|market_code|
|---|---|---|---|---|---|---|
|NOC.N|Northrop Grumman|5155652.7||20240807|NOC|169|
|NOC.N|Northrop Grumman|||20240808|NOC|169|
5. **Valuation Metrics**: The stock's P/E ratio is 31.33, P/B ratio is 5.02, and P/S ratio is 1.76. These ratios suggest that the stock is reasonably valued compared to its earnings, book value, and sales.
|Ticker|Name|Price to Book Ratio|P/S|P/E(TTM)|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|NOC.N|Northrop Grumman||1.7597075830180335|31.331416|20240807|NOC|169|
|NOC.N|Northrop Grumman|5.0243|||20240808|NOC|169|
6. **Dividend and Growth Prospects**: The company pays a reliable dividend of 1.68% and is forecasted to have earnings growth of 12.65% per year. This indicates a good dividend yield and potential for capital appreciation through earnings growth.
7. **Market Sentiment**: The sentiment is bullish, with a 50-Day SMA of $444.34 and a 200-Day SMA of $460.81. The stock is also trading above its 50-Day and 200-Day moving averages, which is a bullish signal.
8. **Long-Term Outlook**: Analysts estimate an earnings increase this quarter of $0.26 per share, an increase next quarter of $0.91 per share, and an increase this year of $2.40 per share. These projections suggest a strong growth trajectory for the company's earnings.
In conclusion, given the positive analyst ratings, recent price movement, and strong technical indicators, Northrop Grumman appears to be a good buy for investors looking for growth potential and a solid dividend yield. However, investors should consider their investment horizon and risk tolerance before making any investment decisions.