Raytheon Price Target Raised to $90.00 at UBS AG (RTN)
Equities research analysts at UBS AG hoisted their target price on shares of Raytheon (NYSE:RTN) from $76.00 to $90.00 in a research note issued to investors on Monday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target suggests a potential upside of 1.33% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Raytheon from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, December 4th. They now have a $107.00 price target on the stock. Separately, analysts at RBC Capital reiterated a “hold” rating on shares of Raytheon in a research note to investors on Wednesday, November 6th. They now have a $83.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Raytheon from $92.00 to $101.00 in a research note to investors on Wednesday, November 6th. They now have an “outperform” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $82.60.
Raytheon (NYSE:RTN) traded up 0.64% on Monday, hitting $89.39. The stock had a trading volume of 564,499 shares. Raytheon has a 52 week low of $52.24 and a 52 week high of $91.39. The stock’s 50-day moving average is $87.71 and its 200-day moving average is $78.17. The company has a market cap of $28.558 billion and a price-to-earnings ratio of 15.30.
Raytheon (NYSE:RTN) last announced its earnings results on Thursday, October 24th. The company reported $1.60 earnings per share for the quarter, beating the analysts’ 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.
Raytheon Company together with its subsidiaries, is a technology company specializing in defense, homeland security and other government markets worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.