Raytheon Company Now Covered by Wolfe Research (RTN)
Equities research analysts at Wolfe Research assumed coverage on shares of Raytheon Company (NYSE:RTN) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Raytheon Company from $91.00 to $87.00 in a research note on Friday, April 25th. They now have a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Raytheon Company in a research note on Wednesday, April 9th. They now have a $120.00 price target on the stock, up previously from $104.00. Finally, analysts at Deutsche Bank raised their price target on shares of Raytheon Company from $96.00 to $102.00 in a research note on Monday, April 7th. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Raytheon Company currently has an average rating of “Buy” and a consensus price target of $101.28.
Raytheon Company (NYSE:RTN) opened at 98.33 on Tuesday. Raytheon Company has a 52 week low of $63.60 and a 52 week high of $102.33. The stock’s 50-day moving average is $97. and its 200-day moving average is $92.4. The company has a market cap of $30.763 billion and a price-to-earnings ratio of 15.09.
Raytheon Company (NYSE:RTN) last announced its earnings results on Thursday, April 24th. The company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.10. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Analysts expect that Raytheon Company will post $6.93 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.
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.