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JPMorgan Chase & Co. boosted their target price on shares of Raytheon Company (NYSE:RTN) from $87.00 to $88.00 in a research note issued on Tuesday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 9.37% from the stock’s previous close.

A number of other firms have also recently commented on RTN. Analysts at Wolfe Research initiated coverage on shares of Raytheon Company in a research note on Tuesday, May 13th. They set an “outperform” 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. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $104.00.

Shares of Raytheon Company (NYSE:RTN) opened at 97.10 on Tuesday. Raytheon Company has a 1-year low of $64.48 and a 1-year high of $102.33. The stock’s 50-day moving average is $96.8 and its 200-day moving average is $94.74. The company has a market cap of $30.378 billion and a P/E ratio of 15.00.

Raytheon Company (NYSE:RTN) last released its earnings data 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. On average, analysts predict that Raytheon Company will post $6.93 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 7th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Monday, June 30th.

In other Raytheon Company news, Chairman William H. Swanson sold 42,608 shares of the stock on the open market in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $97.93, for a total value of $4,172,601.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Raytheon Company together with its subsidiaries, is a technology company specializing in defense, homeland security and other government markets worldwide.

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