Analysts at Susquehanna Bancshares assumed coverage on shares of Raytheon (NYSE:RTN) in a research report issued on Thursday, MarketBeat.com reports. The firm set a “positive” rating and a $187.00 price target on the aerospace company’s stock. Susquehanna Bancshares’ price objective points to a potential upside of 17.48% from the company’s previous close.

A number of other research analysts have also commented on the company. Bank of America decreased their price objective on Raytheon from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $233.00 price objective on the stock in a report on Wednesday, October 3rd. Barclays decreased their price objective on Raytheon from $239.00 to $195.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 4th. Morgan Stanley decreased their price objective on Raytheon from $228.00 to $221.00 and set an “overweight” rating on the stock in a report on Wednesday, November 14th. Finally, Wells Fargo & Co decreased their price objective on Raytheon from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $225.38.

RTN opened at $159.17 on Thursday. Raytheon has a 1-year low of $144.27 and a 1-year high of $229.75. The company has a current ratio of 1.49, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $44.94 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 0.96 and a beta of 0.90.

Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, October 25th. The aerospace company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.28. Raytheon had a return on equity of 24.43% and a net margin of 9.33%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.67 billion. During the same period in the prior year, the firm posted $1.97 EPS. As a group, equities analysts expect that Raytheon will post 10.1 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its holdings in shares of Raytheon by 297.8% during the 3rd quarter. Captrust Financial Advisors now owns 4,781 shares of the aerospace company’s stock worth $988,000 after purchasing an additional 3,579 shares in the last quarter. Howe & Rusling Inc. grew its holdings in shares of Raytheon by 21.8% during the 3rd quarter. Howe & Rusling Inc. now owns 81,233 shares of the aerospace company’s stock worth $16,788,000 after purchasing an additional 14,532 shares in the last quarter. Investment Partners LTD. bought a new stake in shares of Raytheon during the 3rd quarter worth $207,000. First National Bank of Mount Dora Trust Investment Services lifted its position in shares of Raytheon by 3.3% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 22,277 shares of the aerospace company’s stock worth $3,416,000 after buying an additional 710 shares during the last quarter. Finally, Legacy Capital Partners Inc. lifted its position in shares of Raytheon by 11.5% during the 3rd quarter. Legacy Capital Partners Inc. now owns 8,369 shares of the aerospace company’s stock worth $1,729,000 after buying an additional 860 shares during the last quarter. 73.24% of the stock is currently owned by institutional investors.

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.

Featured Story: Bollinger Bands

Analyst Recommendations for Raytheon (NYSE:RTN)

Receive News & Ratings for Raytheon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon and related companies with MarketBeat.com's FREE daily email newsletter.