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

  • 10/31/2017 – Raytheon had its price target raised by analysts at Buckingham Research from $199.00 to $204.00. They now have a “buy” rating on the stock.
  • 10/30/2017 – Raytheon had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $199.00 price target on the stock, up previously from $188.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/30/2017 – Raytheon had its price target lowered by analysts at J P Morgan Chase & Co from $194.00 to $190.00. They now have an “overweight” rating on the stock.
  • 10/30/2017 – Raytheon was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Raytheon’s third-quarter earnings topped the Zacks Consensus Estimate, while its revenues failed to meet the corresponding consensus mark. Year-over-year results reflected improving numbers. Notably, 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. Moreover, the company is a strong cash generator, which allows it to pay attractive dividend to 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 the broader industry over a year.”
  • 10/27/2017 – Raytheon had its price target raised by analysts at Stifel Nicolaus from $185.00 to $195.00. They now have a “hold” rating on the stock.
  • 10/27/2017 – Raytheon was given a new $220.00 price target on by analysts at Bank of America Corporation. They now have a “buy” rating on the stock.
  • 10/27/2017 – Raytheon had its price target lowered by analysts at Wells Fargo & Company from $200.00 to $195.00. They now have an “outperform” rating on the stock.
  • 10/26/2017 – Raytheon had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $203.00 price target on the stock.
  • 10/24/2017 – Raytheon had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $212.00 price target on the stock.
  • 10/19/2017 – Raytheon had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $203.00 price target on the stock.
  • 10/10/2017 – Raytheon had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $209.00 price target on the stock.
  • 10/9/2017 – Raytheon had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $215.00 price target on the stock, up previously from $192.00.
  • 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.”

Raytheon Company (NYSE:RTN) opened at $182.85 on Thursday. Raytheon Company has a one year low of $137.70 and a one year high of $190.25. The stock has a market cap of $53,324.99, a price-to-earnings ratio of 24.40, a PEG ratio of 2.51 and a beta of 0.57. The company has a quick ratio of 1.55, a current ratio of 1.66 and a debt-to-equity ratio of 0.44.

Raytheon (NYSE:RTN) last announced its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. Raytheon had a net margin of 8.77% and a return on equity of 20.98%. The company had revenue of $6.28 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the prior year, the company posted $1.79 EPS. The business’s revenue was up 4.5% on a year-over-year basis. sell-side analysts forecast that Raytheon Company will post 7.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 3rd will be paid a $0.7975 dividend. This represents a $3.19 dividend on an annualized basis and a dividend yield of 1.74%. Raytheon’s dividend payout ratio is 42.88%.

In other news, VP Frank R. Jimenez sold 500 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $181.94, for a total value of $90,970.00. Following the sale, the vice president now owns 29,292 shares of the company’s stock, valued at approximately $5,329,386.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Taylor W. Lawrence sold 3,791 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $182.09, for a total transaction of $690,303.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,941 shares of company stock valued at $902,999. Corporate insiders own 0.19% of the company’s stock.

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.

Receive News & Ratings for Raytheon Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon Company and related companies with MarketBeat.com's FREE daily email newsletter.