A number of firms have modified their ratings and price targets on shares of Raytheon (NYSE: RTN) recently:

  • 8/10/2017 – Raytheon had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $212.00 price target on the stock, up previously from $170.00.
  • 8/10/2017 – Raytheon had its “buy” rating reaffirmed by analysts at Cowen and Company. They wrote, “RTN’s dinner last night suggested it’s doing well on domestic captures and has.””
  • 8/8/2017 – Raytheon is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $188.00 price target on the stock.
  • 8/4/2017 – Raytheon had its “buy” rating reaffirmed by analysts at Argus. They now have a $195.00 price target on the stock, up previously from $175.00.
  • 8/1/2017 – Raytheon had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $200.00 price target on the stock, up previously from $185.00.
  • 7/31/2017 – Raytheon was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/30/2017 – Raytheon had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $183.00 price target on the stock, up previously from $180.00.
  • 7/30/2017 – Raytheon had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $185.00 price target on the stock, up previously from $175.00.
  • 7/17/2017 – Raytheon was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $178.87 price target on the stock.
  • 7/13/2017 – Raytheon was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. Apart from its existing strong base in the domestic soil, the company has a distinct focus on its overseas business. Looking ahead, Raytheon has raised its 2017 revenue guidance and earnings projection. Furthermore, the company continues to be a strong cash generator, which helps it to take important cash deployment decisions. Raytheon’s stock outperformed the Zacks categorized Aerospace/Defense industry in the last six months. On the flip side, factors like tough competition, budget deficits and political uncertainty continue to be major headwinds for Raytheon. Moreover, a comparative analysis of the company’s historical EV/EBITDA ratio, reflects a relatively gloomy picture that might be a cause for investors’ concern.”
  • 7/12/2017 – Raytheon was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/5/2017 – Raytheon was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $170.66 price target on the stock.
  • 6/26/2017 – Raytheon had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $172.00 price target on the stock.
  • 6/22/2017 – Raytheon was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $183.00 price target on the stock. According to Zacks, “Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. Apart from its existing strong base in the domestic soil, the company has a distinct focus on its overseas business. Further, the company has been heavily investing in technological upgrades. Looking ahead, Raytheon has raised its 2017 revenue guidance and earnings projection. Furthermore, the company continues to be a strong cash generator, which helps it to take important cash deployment decisions. Raytheon’s stock outperformed the Zacks categorized Aerospace/Defense industry in the last one year. On the flip side, factors like tough competition, budget deficits and political uncertainty continue to be major headwinds for Raytheon.”
  • 6/21/2017 – Raytheon was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. Apart from its existing strong base in the domestic soil, the company has a distinct focus on its overseas business. Further, the company has been heavily investing in technological upgrades. Looking ahead, Raytheon has raised its 2017 revenue guidance and earnings projection. Furthermore, the company continues to be a strong cash generator, which helps it to take important cash deployment decisions. Raytheon’s stock outperformed the Zacks categorized Aerospace/Defense industry in the last one year. On the flip side, Raytheon’s high dependence on the U.S. government for military contracts could adversely impact its results. Also tough competition, budget deficits and political uncertainty continue to be major headwinds.”
  • 6/19/2017 – Raytheon was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $170.66 price target on the stock.
  • 6/17/2017 – Raytheon was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Raytheon Company (RTN) opened at 177.62 on Friday. Raytheon Company has a 52-week low of $132.89 and a 52-week high of $181.05. The stock’s 50 day moving average price is $168.07 and its 200 day moving average price is $158.27. The firm has a market capitalization of $51.55 billion, a PE ratio of 24.53 and a beta of 0.59.

Raytheon (NYSE:RTN) last announced its earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.15. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The business had revenue of $6.28 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same period in the previous year, the company earned $2.38 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts expect that Raytheon Company will post $7.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 3rd. Stockholders of record on Wednesday, July 5th were given a dividend of $0.7975 per share. This represents a $3.19 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Friday, June 30th. Raytheon’s payout ratio is 43.94%.

In other news, VP Wesley D. Kremer sold 1,010 shares of Raytheon stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $163.10, for a total transaction of $164,731.00. Following the sale, the vice president now directly owns 23,136 shares of the company’s stock, valued at $3,773,481.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Thomas A. Kennedy sold 10,703 shares of Raytheon stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $162.05, for a total value of $1,734,421.15. Following the sale, the chairman now directly owns 61,671 shares in the company, valued at $9,993,785.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,911 shares of company stock worth $2,580,752. Corporate insiders own 0.19% of the company’s stock.

Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.

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