Investment Analysts’ Weekly Ratings Updates for Raytheon (RTN)

Several analysts have recently updated their ratings and price targets for Raytheon (NYSE: RTN):

  • 2/9/2018 – Raytheon had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $215.00 price target on the stock.
  • 1/31/2018 – Raytheon had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $215.00 price target on the stock.
  • 1/29/2018 – Raytheon had its price target raised by analysts at Sanford C. Bernstein from $231.00 to $255.00. They now have an “outperform” rating on the stock.
  • 1/26/2018 – Raytheon had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $237.00 price target on the stock.
  • 1/26/2018 – Raytheon had its price target raised by analysts at Stifel Nicolaus from $210.00 to $220.00. They now have a “buy” rating on the stock. They wrote, “Results & guidance imply soft landing for memory industry. Analytically, we see reason to be believe memory players will act rationally during a downturn, but our limited discussions indicate otherwise. Reiterating Buy rating and slightly raising 12-month price target to $126, from $124.””
  • 1/25/2018 – Raytheon had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $215.00 price target on the stock.
  • 1/23/2018 – Raytheon was given a new $235.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 1/16/2018 – Raytheon had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $215.00 price target on the stock, up previously from $202.00.
  • 1/12/2018 – Raytheon was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $217.00 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. Moreover, the company is a strong cash generator, which allows it to pay attractive dividend to shareholders. Also the company outperformed the broader industry over a year. On the flip side, factors like tough competition and political uncertainty continue to be major headwinds for Raytheon.”
  • 1/9/2018 – Raytheon had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $210.00 price target on the stock.
  • 12/31/2017 – Raytheon was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of Raytheon (NYSE:RTN) opened at $204.52 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.46 and a debt-to-equity ratio of 0.48. The stock has a market cap of $59,120.00, a PE ratio of 29.47, a PEG ratio of 1.94 and a beta of 0.76. Raytheon has a 1 year low of $148.65 and a 1 year high of $213.45.

Raytheon (NYSE:RTN) last announced its earnings results on Thursday, January 25th. The aerospace company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.01. The firm had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.81 billion. Raytheon had a net margin of 7.98% and a return on equity of 21.36%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 EPS. sell-side analysts anticipate that Raytheon will post 9.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 3rd were given a dividend of $0.7975 per share. This represents a $3.19 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Tuesday, January 2nd. Raytheon’s dividend payout ratio is 45.97%.

In other news, Director Stephen J. Hadley sold 800 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $190.27, for a total transaction of $152,216.00. Following the sale, the director now directly owns 11,360 shares in the company, valued at approximately $2,161,467.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Frank R. Jimenez sold 175 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $189.13, for a total transaction of $33,097.75. Following the sale, the vice president now owns 28,311 shares in the company, valued at $5,354,459.43. The disclosure for this sale can be found here. Insiders have sold a total of 7,274 shares of company stock worth $1,486,162 over the last 90 days. 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.

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