Raytheon Sets New 12-Month High at $96.29 (RTN)
Raytheon (NYSE:RTN) hit a new 52-week high during mid-day trading on Thursday , American Banking News.com reports. The stock traded as high as $96.29 and last traded at $95.64, with a volume of 1,200,855 shares traded. The stock had previously closed at $95.67.
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. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $94.24.
The stock has a 50-day moving average of $90.76 and a 200-day moving average of $82.6. The company has a market cap of $30.264 billion and a price-to-earnings ratio of 15.31.
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. On average, analysts predict that Raytheon will post $6.92 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.
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