Barclays Increases Raytheon Price Target to $90.00 (RTN)
Equities research analysts at Barclays increased their price target on shares of Raytheon (NYSE:RTN) from $81.00 to $90.00 in a research note issued to investors on Monday, Analyst Ratings News reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target would indicate a potential upside of 7.46% from the company’s current price.
Shares of Raytheon (NYSE:RTN) traded up 0.41% on Monday, hitting $84.09. The stock had a trading volume of 957,130 shares. Raytheon has a 52-week low of $52.24 and a 52-week high of $84.43. The stock has a 50-day moving average of $78.07 and a 200-day moving average of $70.94. The company has a market cap of $26.864 billion and a price-to-earnings ratio of 14.43.
Raytheon (NYSE:RTN) last announced its earnings results on Thursday, October 24th. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.33 by $0.27. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter last year, the company posted $1.51 earnings per share. Raytheon’s revenue was down 3.4% compared to the same quarter last year. On average, analysts predict that Raytheon will post $5.83 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Raytheon from $71.00 to $83.00 in a research note to investors on Friday, October 25th. They now have a “sector perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Raytheon from $68.00 to $69.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Raytheon from $75.00 to $78.00 in a research note to investors on Friday, October 25th. They now have a “hold” rating on the stock. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $78.75.
Raytheon Company together with its subsidiaries, is a technology company specializing in defense, homeland security and other government markets worldwide.
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