Raytheon (NYSE:RTN) Given Consensus Recommendation of “Buy” by Analysts

Shares of Raytheon (NYSE:RTN) have been assigned a consensus recommendation of “Buy” from the eighteen analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $218.56.

RTN has been the subject of a number of research analyst reports. UBS Group set a $230.00 price target on Raytheon and gave the stock a “hold” rating in a research note on Friday, October 25th. Wolfe Research set a $221.00 price target on shares of Raytheon and gave the company a “buy” rating in a report on Friday, October 25th. Credit Suisse Group boosted their price objective on shares of Raytheon from $230.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. ValuEngine lowered shares of Raytheon from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. set a $240.00 target price on shares of Raytheon and gave the stock a “buy” rating in a research report on Friday, October 25th.

In other Raytheon news, Director Tracy A. Atkinson sold 500 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $215.48, for a total value of $107,740.00. Following the sale, the director now owns 4,376 shares in the company, valued at $942,940.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Frank R. Jimenez sold 2,500 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $196.76, for a total transaction of $491,900.00. Following the completion of the sale, the vice president now owns 25,504 shares in the company, valued at approximately $5,018,167.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,215 shares of company stock valued at $2,038,770. 0.18% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Liberty Wealth Management LLC boosted its holdings in Raytheon by 312.5% in the third quarter. Liberty Wealth Management LLC now owns 132 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Bridger Capital Management LLC purchased a new position in shares of Raytheon in the 3rd quarter worth about $26,000. Garrett Wealth Advisory Group LLC purchased a new position in shares of Raytheon in the 3rd quarter worth about $32,000. Sound Income Strategies LLC boosted its stake in Raytheon by 95.3% in the 3rd quarter. Sound Income Strategies LLC now owns 166 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 81 shares in the last quarter. Finally, First Financial Corp IN bought a new position in Raytheon in the 3rd quarter worth about $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:RTN opened at $214.89 on Friday. The stock’s 50-day moving average is $213.53 and its 200 day moving average is $191.69. The company has a market cap of $60.26 billion, a PE ratio of 20.25, a P/E/G ratio of 1.72 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.54 and a quick ratio of 1.44. Raytheon has a 1 year low of $144.27 and a 1 year high of $220.03.

Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, October 24th. The aerospace company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.22. The business had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Raytheon had a return on equity of 27.23% and a net margin of 11.47%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $2.25 EPS. Analysts expect that Raytheon will post 11.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Wednesday, January 8th will be paid a $0.9425 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $3.77 annualized dividend and a yield of 1.75%. Raytheon’s payout ratio is 35.53%.

Raytheon Company Profile

Raytheon Company develops integrated products, services, and solutions for the defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.

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Analyst Recommendations for Raytheon (NYSE:RTN)

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