Raytheon Company Receives Consensus Rating of “Buy” from Analysts (NYSE:RTN)
Raytheon Company (NYSE:RTN) has earned a consensus rating of “Buy” from the nineteen analysts that are covering the company, American Banking & Market News reports. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $101.94.
A number of research firms have recently commented on RTN. Analysts at Wolfe Research initiated coverage on shares of Raytheon Company in a research note on Tuesday. They set an “outperform” rating on the stock. Separately, 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. Finally, 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.
Raytheon Company (NYSE:RTN) opened at 96.06 on Friday. Raytheon Company has a 52-week low of $64.48 and a 52-week high of $102.33. The stock’s 50-day moving average is $97.68 and its 200-day moving average is $92.79. The company has a market cap of $30.053 billion and a price-to-earnings ratio of 14.92.
Raytheon Company (NYSE:RTN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.87 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.56 earnings per share. The company’s quarterly revenue 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.
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