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.
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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