Raytheon Company (NYSE:RTN)‘s stock had its “buy” rating reissued by equities researchers at Citigroup Inc. in a note issued to investors on Monday. They presently have a $215.00 price target on the aerospace company’s stock, up from their prior price target of $192.00. Citigroup Inc.’s price target indicates a potential upside of 14.36% from the stock’s current price.

Several other brokerages have also issued reports on RTN. ValuEngine lowered Raytheon from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $190.00 target price on shares of Raytheon in a research report on Friday, September 29th. Deutsche Bank AG raised Raytheon from a “hold” rating to a “buy” rating and upped their target price for the company from $180.00 to $210.00 in a research report on Friday, September 29th. Zacks Investment Research lowered Raytheon from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Vetr lowered Raytheon from a “buy” rating to a “hold” rating and set a $187.08 target price on the stock. in a research report on Wednesday, August 30th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $192.19.

Raytheon (NYSE:RTN) traded up 0.14% during midday trading on Monday, hitting $188.00. The stock had a trading volume of 822,598 shares. The company’s 50 day moving average price is $182.63 and its 200-day moving average price is $167.10. Raytheon has a 52-week low of $132.89 and a 52-week high of $188.62. The stock has a market cap of $54.57 billion, a PE ratio of 25.97 and a beta of 0.59.

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

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In other news, Director Robert E. Beauchamp bought 1,162 shares of Raytheon stock in a transaction on Monday, July 31st. The stock was acquired at an average price of $171.99 per share, with a total value of $199,852.38. Following the completion of the acquisition, the director now directly owns 4,303 shares of the company’s stock, valued at $740,072.97. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Frank R. Jimenez sold 650 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $187.27, for a total value of $121,725.50. The disclosure for this sale can be found here. Insiders have sold 5,770 shares of company stock worth $1,052,376 in the last quarter. 0.19% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the business. Guardian Life Insurance Co. of America raised its holdings in shares of Raytheon by 0.6% during 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 acquiring an additional 7 shares during the last quarter. HM Capital Management LLC increased its holdings in shares of Raytheon by 0.5% in the second quarter. HM Capital Management LLC now owns 2,025 shares of the aerospace company’s stock valued at $327,000 after purchasing an additional 10 shares during the last quarter. Ironwood Investment Management LLC increased its holdings in shares of Raytheon by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 2,475 shares of the aerospace company’s stock valued at $400,000 after purchasing an additional 16 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. increased its holdings in shares of Raytheon by 0.8% in the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 1,903 shares of the aerospace company’s stock valued at $307,000 after purchasing an additional 16 shares during the last quarter. Finally, TCI Wealth Advisors Inc. increased its holdings in shares of Raytheon by 0.8% in the second quarter. TCI Wealth Advisors Inc. now owns 2,048 shares of the aerospace company’s stock valued at $331,000 after purchasing an additional 17 shares during the last quarter. 73.74% 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.

Analyst Recommendations for Raytheon (NYSE:RTN)

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