Raytheon Company (NYSE:RTN) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $178.87 price target on the aerospace company’s stock. Vetr‘s target price points to a potential upside of 7.10% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut Raytheon from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $180.00 price objective on shares of Raytheon in a research report on Friday, March 24th. Deutsche Bank AG increased their price objective on Raytheon from $156.00 to $160.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Stifel Nicolaus increased their price objective on Raytheon from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $172.00 price objective on shares of Raytheon in a research report on Tuesday, May 23rd. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $168.45.

Raytheon (NYSE RTN) traded down 0.01% during mid-day trading on Monday, hitting $167.01. The stock had a trading volume of 863,690 shares. The firm’s 50-day moving average price is $161.46 and its 200 day moving average price is $153.27. Raytheon has a one year low of $132.89 and a one year high of $167.94. The company has a market cap of $48.61 billion, a PE ratio of 21.52 and a beta of 0.58.

Raytheon (NYSE:RTN) last posted its quarterly earnings data on Thursday, April 27th. The aerospace company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.12. Raytheon had a return on equity of 19.73% and a net margin of 8.28%. The company had revenue of $6 billion during the quarter, compared to analysts’ expectations of $5.83 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Raytheon will post $7.48 EPS for the current year.

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In other news, Chairman Thomas A. Kennedy sold 10,703 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $162.05, for a total value of $1,734,421.15. Following the completion of the sale, the chairman now directly owns 61,671 shares of the company’s stock, valued at approximately $9,993,785.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Wesley D. Kremer sold 1,010 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $163.10, for a total value of $164,731.00. Following the completion of the sale, the vice president now directly owns 23,136 shares of the company’s stock, valued at $3,773,481.60. The disclosure for this sale can be found here. Insiders sold a total of 15,911 shares of company stock valued at $2,580,752 over the last three months. Insiders own 0.19% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Financial Architects Inc boosted its position in shares of Raytheon by 0.5% in the first quarter. Financial Architects Inc now owns 1,305 shares of the aerospace company’s stock valued at $199,000 after buying an additional 7 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Raytheon by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the aerospace company’s stock valued at $173,000 after buying an additional 7 shares in the last quarter. Cordasco Financial Network boosted its position in shares of Raytheon by 0.5% in the first quarter. Cordasco Financial Network now owns 2,110 shares of the aerospace company’s stock valued at $322,000 after buying an additional 10 shares in the last quarter. HM Capital Management LLC boosted its position in shares of Raytheon by 0.5% in the first quarter. HM Capital Management LLC now owns 2,015 shares of the aerospace company’s stock valued at $307,000 after buying an additional 10 shares in the last quarter. Finally, Founders Capital Management LLC boosted its position in shares of Raytheon by 0.5% in the first quarter. Founders Capital Management LLC now owns 2,327 shares of the aerospace company’s stock valued at $355,000 after buying an additional 12 shares in the last quarter. 74.75% of the stock is owned by institutional investors and hedge funds.

Raytheon Company Profile

Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Raytheon (NYSE:RTN)

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