Raytheon (NYSE:RTN) has earned a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $217.00.
Several research firms recently issued reports on RTN. ValuEngine cut Raytheon from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Citigroup decreased their target price on Raytheon from $230.00 to $208.00 and set a “buy” rating on the stock in a report on Monday, January 14th. Alembic Global Advisors upgraded Raytheon from a “neutral” rating to an “overweight” rating and set a $214.00 price target for the company in a research note on Tuesday, February 5th. Zacks Investment Research lowered Raytheon from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Finally, Barclays cut their price objective on Raytheon from $239.00 to $195.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 4th.
Several hedge funds have recently modified their holdings of RTN. Cibc Bank USA raised its holdings in shares of Raytheon by 1.7% in the 4th quarter. Cibc Bank USA now owns 3,733 shares of the aerospace company’s stock valued at $572,000 after purchasing an additional 64 shares in the last quarter. Coastline Trust Co grew its position in Raytheon by 0.6% during the 4th quarter. Coastline Trust Co now owns 10,850 shares of the aerospace company’s stock worth $1,664,000 after purchasing an additional 65 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Raytheon by 42.9% in the 4th quarter. Proficio Capital Partners LLC now owns 223 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 67 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Raytheon by 36.1% in the 4th quarter. Penserra Capital Management LLC now owns 264 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 70 shares during the period. Finally, Mitchell Sinkler & Starr PA lifted its stake in shares of Raytheon by 1.5% in the 4th quarter. Mitchell Sinkler & Starr PA now owns 5,240 shares of the aerospace company’s stock worth $804,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 77.14% of the company’s stock.
Shares of RTN stock traded up $3.22 during trading hours on Friday, reaching $181.05. The company had a trading volume of 63,137 shares, compared to its average volume of 2,116,622. The firm has a market capitalization of $50.06 billion, a PE ratio of 17.07, a P/E/G ratio of 1.34 and a beta of 0.95. Raytheon has a 12 month low of $144.27 and a 12 month high of $229.75. The company has a quick ratio of 1.37, a current ratio of 1.46 and a debt-to-equity ratio of 0.41.
Raytheon (NYSE:RTN) last posted its earnings results on Thursday, January 31st. The aerospace company reported $2.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.04. Raytheon had a return on equity of 25.81% and a net margin of 10.75%. The business had revenue of $7.36 billion during the quarter, compared to analysts’ expectations of $7.50 billion. During the same period in the previous year, the business earned $2.03 earnings per share. On average, equities research analysts anticipate that Raytheon will post 11.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Wednesday, January 2nd were issued a $0.8675 dividend. The ex-dividend date of this dividend was Monday, December 31st. This represents a $3.47 annualized dividend and a dividend yield of 1.92%. Raytheon’s dividend payout ratio is currently 32.70%.
Raytheon Company Profile
Raytheon Company develops integrated products, services, and solutions for 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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