Raytheon Company (NYSE:RTN) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other equities analysts also recently weighed in on the stock. Buckingham Research lifted their target price on shares of Raytheon from $190.00 to $199.00 and gave the stock a “buy” rating in a research note on Friday. Cowen and Company reaffirmed an “outperform” rating and set a $189.00 price objective (up previously from $182.00) on shares of Raytheon in a research note on Thursday. Robert W. Baird reaffirmed an “outperform” rating and set a $212.00 price objective (up previously from $170.00) on shares of Raytheon in a research note on Thursday. Morgan Stanley assumed coverage on shares of Raytheon in a research note on Tuesday. They set an “equal weight” rating and a $188.00 price objective for the company. Finally, Argus reaffirmed a “buy” rating and set a $195.00 price objective (up previously from $175.00) on shares of Raytheon in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Raytheon presently has a consensus rating of “Buy” and a consensus price target of $182.49.

Shares of Raytheon (NYSE:RTN) opened at 179.35 on Friday. The company has a market cap of $52.06 billion, a P/E ratio of 24.77 and a beta of 0.59. The stock’s 50 day moving average is $168.59 and its 200-day moving average is $158.50. Raytheon has a one year low of $132.89 and a one year high of $181.05. Raytheon also was the recipient of unusually large options trading activity on Thursday. Traders acquired 14,447 call options on the stock. This represents an increase of approximately 901% compared to the typical volume of 1,443 call options.

Raytheon (NYSE:RTN) last posted its earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.15. The firm had revenue of $6.28 billion during the quarter, compared to the consensus estimate of $6.24 billion. Raytheon had a net margin of 8.68% and a return on equity of 20.74%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $2.38 earnings per share. Equities research analysts forecast that Raytheon will post $7.59 earnings per share for the current year.

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In other Raytheon news, VP Wesley D. Kremer sold 1,010 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $163.10, for a total value of $164,731.00. Following the completion of the transaction, the vice president now owns 23,136 shares of the company’s stock, valued at approximately $3,773,481.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert E. Beauchamp purchased 1,162 shares of the business’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $171.99 per share, with a total value of $199,852.38. Following the purchase, the director now owns 4,303 shares in the company, valued at $740,072.97. The disclosure for this purchase can be found here. In the last three months, insiders sold 15,911 shares of company stock valued at $2,580,752. Corporate insiders own 0.19% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in RTN. Veritable L.P. boosted its position in Raytheon by 3.9% in the second quarter. Veritable L.P. now owns 14,966 shares of the aerospace company’s stock worth $2,417,000 after buying an additional 566 shares in the last quarter. Bancorpsouth Inc. boosted its position in Raytheon by 5.3% in the second quarter. Bancorpsouth Inc. now owns 27,411 shares of the aerospace company’s stock worth $4,426,000 after buying an additional 1,369 shares in the last quarter. OxFORD Asset Management LLP boosted its position in Raytheon by 238.8% in the second quarter. OxFORD Asset Management LLP now owns 51,452 shares of the aerospace company’s stock worth $8,308,000 after buying an additional 36,265 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Raytheon by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 798,986 shares of the aerospace company’s stock worth $129,017,000 after buying an additional 2,849 shares during the last quarter. Finally, Ropes Wealth Advisors LLC raised its stake in shares of Raytheon by 0.5% in the second quarter. Ropes Wealth Advisors LLC now owns 40,992 shares of the aerospace company’s stock worth $6,619,000 after buying an additional 218 shares during the last quarter. 74.98% of the stock is owned by institutional investors and hedge funds.

About Raytheon

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.

Analyst Recommendations for Raytheon (NYSE:RTN)

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