Shares of Raytheon (NYSE:RTN) have earned an average rating of “Buy” from the nineteen brokerages that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $201.57.
RTN has been the topic of several analyst reports. ValuEngine raised shares of Raytheon from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $204.00 target price on the stock in a report on Thursday, September 14th. Deutsche Bank raised shares of Raytheon from a “hold” rating to a “buy” rating and upped their target price for the stock from $180.00 to $210.00 in a report on Friday, September 29th. Jefferies Group reaffirmed a “buy” rating and issued a $190.00 target price on shares of Raytheon in a report on Friday, September 29th. Finally, Citigroup reaffirmed a “buy” rating and issued a $215.00 target price (up previously from $192.00) on shares of Raytheon in a report on Monday, October 9th.
In other Raytheon news, VP Frank R. Jimenez sold 175 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $189.13, for a total transaction of $33,097.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen J. Hadley sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $190.27, for a total transaction of $152,216.00. Following the sale, the director now owns 11,360 shares in the company, valued at $2,161,467.20. The disclosure for this sale can be found here. Insiders sold a total of 1,895 shares of company stock worth $357,215 over the last quarter. 0.19% of the stock is currently owned by corporate insiders.
Shares of Raytheon (NYSE:RTN) opened at $190.09 on Friday. The stock has a market cap of $54,950.00, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.34 and a beta of 0.58. 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 has a fifty-two week low of $141.28 and a fifty-two week high of $192.41.
Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.07. The firm had revenue of $6.28 billion for the quarter, compared to analyst estimates of $6.33 billion. Raytheon had a net margin of 8.77% and a return on equity of 20.98%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.79 EPS. equities research analysts forecast that Raytheon will post 7.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 3rd will be given a $0.7975 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $3.19 dividend on an annualized basis and a dividend yield of 1.68%. Raytheon’s dividend payout ratio is 42.93%.
Raytheon announced that its Board of Directors has authorized a share repurchase plan on Wednesday, November 15th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
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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.
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