A number of research firms have changed their ratings and price targets for Raytheon (NYSE: RTN):

  • 10/2/2017 – Raytheon was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/29/2017 – Raytheon was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $210.00 price target on the stock, up previously from $180.00.
  • 9/29/2017 – Raytheon had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $190.00 price target on the stock.
  • 9/26/2017 – Raytheon was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. Thanks to its wide range of combat-proven defense products, the company continues to receive scrumptious orders from both Pentagon as well as foreign allies of the nation. In particular, its Patriot missile-defense systems have been seeing increased number of buyers, lately. Moreover, the company is a strong cash generator, which allows it to pay attractive dividend per share to its shareholders. On the flip side, factors like tough competition, budget deficits and political uncertainty continue to be major headwinds for Raytheon. Also, the company underperformed its broader industry in past one year.”
  • 9/20/2017 – Raytheon was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $205.00 price target on the stock. According to Zacks, “Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. Thanks to its wide range of combat-proven defense products, the company continues to receive scrumptious orders from both Pentagon as well as foreign allies of the nation. In particular, its Patriot missile-defense systems have been seeing increased number of buyers, lately. Moreover, the company is a strong cash generator, which allows it to pay attractive dividend per share to its shareholders. On the flip side, factors like tough competition, budget deficits and political uncertainty continue to be major headwinds for Raytheon.”
  • 9/18/2017 – Raytheon was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. Thanks to its wide range of combat-proven defense products, the company continues to receive scrumptious orders from both Pentagon as well as foreign allies of the nation. In particular, its Patriot missile-defense systems have been seeing increased number of buyers, lately.  Also, Raytheon’s stock outperformed the broader industry on a year-to-date basis. Moreover, the company is a strong cash generator, which allows it to pay attractive dividend per share to its shareholders. On the flip side, factors like tough competition, budget deficits and political uncertainty continue to be major headwinds for Raytheon. Moreover, the company's over dependence on fixed-price contracts remains a concern.”
  • 9/14/2017 – Raytheon was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $204.00 price target on the stock. According to Zacks, “Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. Thanks to its wide range of combat-proven defense products, the company continues to receive scrumptious orders from both Pentagon as well as foreign allies of the nation. In particular, its Patriot missile-defense systems have been seeing increased number of buyers, lately.  Also, Raytheon’s stock outperformed the broader industry on a year-to-date basis. Moreover, the company is a strong cash generator, which allows it to pay attractive dividend per share to its shareholders. On the flip side, factors like tough competition, budget deficits and political uncertainty continue to be major headwinds for Raytheon.”
  • 9/11/2017 – Raytheon was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/30/2017 – Raytheon was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $187.08 price target on the stock.
  • 8/28/2017 – Raytheon was given a new $193.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 8/19/2017 – Raytheon was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/15/2017 – Raytheon was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $187.08 price target on the stock.
  • 8/12/2017 – Raytheon was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/11/2017 – Raytheon had its price target raised by analysts at Buckingham Research from $190.00 to $199.00. They now have a “buy” rating on the stock.
  • 8/10/2017 – Raytheon had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $212.00 price target on the stock, up previously from $170.00.
  • 8/10/2017 – Raytheon had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $189.00 price target on the stock, up previously from $182.00. They wrote, “RTN’s dinner last night suggested it’s doing well on domestic captures and has.””
  • 8/8/2017 – Raytheon is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $188.00 price target on the stock.
  • 8/4/2017 – Raytheon had its “buy” rating reaffirmed by analysts at Argus. They now have a $195.00 price target on the stock, up previously from $175.00.

Shares of Raytheon Company (NYSE RTN) traded up 0.35% during trading on Tuesday, reaching $188.31. The company’s stock had a trading volume of 922,739 shares. Raytheon Company has a 52-week low of $132.89 and a 52-week high of $188.31. The stock has a market cap of $54.66 billion, a price-to-earnings ratio of 26.01 and a beta of 0.59. The stock’s 50 day moving average price is $181.57 and its 200-day moving average price is $166.35.

Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.15. The company had revenue of $6.28 billion for the quarter, compared to the consensus estimate of $6.24 billion. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. Raytheon’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.38 EPS. Equities analysts anticipate that Raytheon Company will post $7.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Thursday, October 12th will be paid a $0.7975 dividend. This represents a $3.19 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, October 11th. Raytheon’s payout ratio is 43.94%.

In other Raytheon news, VP Frank R. Jimenez sold 500 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $181.94, for a total value of $90,970.00. Following the completion of the transaction, the vice president now owns 29,292 shares in the company, valued at $5,329,386.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Taylor W. Lawrence sold 3,791 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $182.09, for a total value of $690,303.19. The disclosure for this sale can be found here. Insiders sold 5,120 shares of company stock valued at $930,651 in the last ninety days. 0.19% of the stock is currently owned by insiders.

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.

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