Raytheon (NYSE:RTN) had its target price reduced by stock analysts at Barclays from $239.00 to $195.00 in a report issued on Tuesday. The firm presently has an “equal weight” rating on the aerospace company’s stock. Barclays’ price objective points to a potential upside of 17.70% from the company’s current price.
A number of other equities research analysts have also recently weighed in on the stock. Bank of America cut their price objective on shares of Raytheon from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Zacks Investment Research upgraded shares of Raytheon from a “hold” rating to a “buy” rating and set a $233.00 price objective on the stock in a report on Wednesday, October 3rd. Wells Fargo & Co cut their price objective on shares of Raytheon from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. UBS Group started coverage on shares of Raytheon in a report on Wednesday, August 15th. They issued a “buy” rating and a $250.00 price objective on the stock. Finally, Morgan Stanley cut their price objective on shares of Raytheon from $228.00 to $221.00 and set an “overweight” rating on the stock in a report on Wednesday, November 14th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $227.15.
Shares of RTN opened at $165.68 on Tuesday. The stock has a market capitalization of $49.90 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 1.23 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.49. Raytheon has a fifty-two week low of $165.00 and a fifty-two week high of $229.75.
Raytheon (NYSE:RTN) last announced its quarterly earnings data on Thursday, October 25th. The aerospace company reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.97 by $0.28. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.67 billion. Raytheon had a net margin of 9.33% and a return on equity of 24.43%. During the same quarter in the prior year, the company earned $1.97 earnings per share. As a group, equities analysts predict that Raytheon will post 10.1 earnings per share for the current year.
Several large investors have recently bought and sold shares of RTN. WESPAC Advisors SoCal LLC purchased a new stake in Raytheon in the third quarter worth approximately $103,000. Fort L.P. purchased a new stake in Raytheon in the second quarter worth approximately $117,000. Banco de Sabadell S.A boosted its holdings in Raytheon by 100.0% in the third quarter. Banco de Sabadell S.A now owns 600 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 300 shares during the last quarter. Mainstay Capital Management LLC ADV boosted its holdings in Raytheon by 19,218.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 25,307 shares of the aerospace company’s stock worth $131,000 after purchasing an additional 25,176 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its holdings in Raytheon by 140.8% in the second quarter. Salem Investment Counselors Inc. now owns 684 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 73.25% of the company’s stock.
Raytheon Company develops integrated products, services, and solutions for defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.
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