Raytheon Receives Average Recommendation of “Buy” from Analysts (NYSE:RTN)
Raytheon (NYSE:RTN) has been given a consensus rating of “Buy” by the eighteen brokerages that are covering the company, Analyst Ratings Net reports. Six investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $94.24.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Raytheon from $90.00 to $110.00 in a research note on Wednesday, February 5th. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Raytheon from $96.00 to $100.00 in a research note on Friday, January 31st. Finally, analysts at Bank of America raised their price target on shares of Raytheon from $94.00 to $99.00 in a research note on Friday, January 31st.
Raytheon (NYSE:RTN) opened at 93.23 on Tuesday. Raytheon has a 52 week low of $53.45 and a 52 week high of $95.83. The stock has a 50-day moving average of $90.71 and a 200-day moving average of $82.58. The company has a market cap of $29.722 billion and a price-to-earnings ratio of 15.14.
Raytheon (NYSE:RTN) last announced its earnings results on Thursday, January 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.12. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $5.95 billion. Analysts expect that Raytheon will post $6.86 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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