Raytheon Co. Hits New 52-Week High at $77.95 (RTN)
Shares of Raytheon (NYSE:RTN) hit a new 52-week high during trading on Thursday, AR Network reports. The stock traded as high as $77.95 and last traded at $77.52, with a volume of 553,293 shares trading hands. The stock had previously closed at $77.43.
A number of analysts have recently weighed in on RTN shares. Analysts at Jefferies Group raised their price target on shares of Raytheon (NYSE:RTN) from $66.00 to $87.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Raytheon (NYSE:RTN) in a research note to investors on Friday, September 6th. They now have a $80.00 price target on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of Raytheon (NYSE:RTN) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 26th. They now have a $77.00 price target on the stock. They noted that the move was a valuation call.
Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Raytheon presently has a consensus rating of “Hold” and a consensus target price of $72.13.
In other Raytheon news, CFO David C. Wajsgras sold 18,749 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $75.88, for a total value of $1,422,674.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Raytheon has a 52 week low of $52.24 and a 52 week high of $77.93. The stock’s 50-day moving average is $75.18 and its 200-day moving average is $65.59. The company has a market cap of $25.016 billion and a P/E ratio of 13.38.
Raytheon (NYSE:RTN) last announced its earnings results on Thursday, July 25th. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.30 by $0.20. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that Raytheon will post $5.66 EPS for the current fiscal year.
Raytheon Company together with its subsidiaries, is a technology company specializing in defense, homeland security and other government markets worldwide.
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