Raytheon Company Receives Average Recommendation of “Buy” from Analysts (NYSE:RTN)
Raytheon Company (NYSE:RTN) has been given a consensus rating of “Buy” by the seventeen analysts that are currently covering the stock, StockRatingsNetwork.com reports. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $103.13.
RTN has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein downgraded shares of Raytheon Company from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 23rd. Separately, analysts at Bernstein downgraded shares of Raytheon Company from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 23rd. They now have a $101.00 price target on the stock, down previously from $110.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Raytheon Company from $87.00 to $88.00 in a research note on Tuesday, June 17th. They now have a “neutral” rating on the stock.
Raytheon Company (NYSE:RTN) opened at 91.61 on Wednesday. Raytheon Company has a 52-week low of $73.81 and a 52-week high of $102.33. The stock has a 50-day moving average of $93.27 and a 200-day moving average of $95.85. The company has a market cap of $28.465 billion and a P/E ratio of 13.38.
Raytheon Company (NYSE:RTN) last released its earnings data on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.59. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.58 billion. During the same quarter last year, the company posted $1.64 earnings per share. Raytheon Company’s revenue was down 6.8% compared to the same quarter last year. Analysts expect that Raytheon Company will post $6.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 30th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Monday, September 29th.
Raytheon Company together with its subsidiaries, is a technology company specializing in defense, homeland security and other government markets worldwide.
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