Investors Shrug Following Northrop Grumman's Earnings Beat
Northrop Grumman (NYSE: NOC) reported its fiscal Q2 2017 earnings on Wednesday. Investors responded to the news by first selling Northrop stock on Wednesday, selling it a bit more on Thursday, and then, finally, buying it back on Friday. By the time trading closed for the week, Northrop Grumman stock was basically back where it stood before earnings -- up just a nickel at $264.10 a share.
Why such a weak response to such a strong report?
Northrop's Global Hawk surveillance drone. Image source: Northrop Grumman.
Source: Fool.com
Northrop Grumman Corp. Stock
€464.60
-0.710%
With 9 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 526 € there is a slightly positive potential of 13.22% for Northrop Grumman Corp. compared to the current price of 464.6 €.
