Raytheon (RTN) Now Covered by Susquehanna Bancshares

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Analysts at Susquehanna Bancshares assumed coverage on shares of Raytheon (NYSE:RTN) in a report released on Thursday, MarketBeat.com reports. The brokerage set a “positive” rating and a $187.00 price target on the aerospace company’s stock. Susquehanna Bancshares’ price objective indicates a potential upside of 17.48% from the stock’s previous close.

Several other brokerages have also issued reports on RTN. ValuEngine lowered Raytheon from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research cut Raytheon from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Barclays cut their target price on Raytheon from $239.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 4th. Bank of America cut their target price on Raytheon from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, Wells Fargo & Co cut their target price on Raytheon from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $225.38.

Shares of RTN opened at $159.17 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.49 and a quick ratio of 1.37. Raytheon has a 52-week low of $144.27 and a 52-week high of $229.75. The company has a market capitalization of $44.94 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 0.96 and a beta of 0.90.

Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, October 25th. The aerospace company reported $2.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.28. Raytheon had a return on equity of 24.43% and a net margin of 9.33%. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.67 billion. During the same period in the previous year, the firm earned $1.97 EPS. Equities analysts forecast that Raytheon will post 10.1 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RTN. Alliancebernstein L.P. lifted its stake in Raytheon by 33.3% in the 3rd quarter. Alliancebernstein L.P. now owns 4,054,014 shares of the aerospace company’s stock valued at $837,803,000 after acquiring an additional 1,013,436 shares in the last quarter. Standard Life Aberdeen plc raised its stake in shares of Raytheon by 64.9% during the 3rd quarter. Standard Life Aberdeen plc now owns 1,950,068 shares of the aerospace company’s stock worth $403,010,000 after purchasing an additional 767,198 shares in the last quarter. Putnam Investments LLC raised its stake in shares of Raytheon by 49.8% during the 2nd quarter. Putnam Investments LLC now owns 2,154,197 shares of the aerospace company’s stock worth $416,148,000 after purchasing an additional 716,446 shares in the last quarter. BlackRock Inc. raised its stake in shares of Raytheon by 2.9% during the 3rd quarter. BlackRock Inc. now owns 22,549,718 shares of the aerospace company’s stock worth $4,660,126,000 after purchasing an additional 638,922 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Raytheon by 242.0% during the 3rd quarter. Mackenzie Financial Corp now owns 565,776 shares of the aerospace company’s stock worth $116,923,000 after purchasing an additional 400,353 shares in the last quarter. Hedge funds and other institutional investors own 73.24% of the company’s stock.

About Raytheon

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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Analyst Recommendations for Raytheon (NYSE:RTN)

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