Raytheon (NYSE:RTN) had its price objective lifted by UBS Group from $205.00 to $215.00 in a report issued on Friday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the aerospace company’s stock.
Other equities analysts have also issued research reports about the company. Buckingham Research lowered Raytheon from a buy rating to a neutral rating and dropped their price objective for the stock from $265.00 to $195.00 in a research note on Monday, June 24th. Vertical Research lowered Raytheon from a buy rating to a hold rating and dropped their price objective for the stock from $216.00 to $203.00 in a research note on Tuesday, June 11th. Bank of America reaffirmed a buy rating and issued a $265.00 price objective (up previously from $224.00) on shares of Raytheon in a research note on Friday, July 26th. Stifel Nicolaus upped their price objective on Raytheon from $205.00 to $218.00 and gave the stock a buy rating in a research note on Monday, June 10th. Finally, ValuEngine lowered Raytheon from a hold rating to a sell rating in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $210.80.
Shares of RTN opened at $198.72 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.46 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $184.71 and a two-hundred day simple moving average of $180.98. The stock has a market cap of $54.99 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.58 and a beta of 0.85. Raytheon has a 52 week low of $144.27 and a 52 week high of $210.89.
In related news, VP Frank R. Jimenez sold 1,054 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $180.00, for a total transaction of $189,720.00. Following the completion of the transaction, the vice president now directly owns 25,863 shares of the company’s stock, valued at $4,655,340. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Randa G. Newsome sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $185.01, for a total value of $1,850,100.00. Following the transaction, the vice president now directly owns 20,396 shares of the company’s stock, valued at $3,773,463.96. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. River & Mercantile Asset Management LLP bought a new position in Raytheon during the second quarter valued at approximately $10,133,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Raytheon during the second quarter valued at approximately $2,260,000. Hancock Whitney Corp boosted its stake in Raytheon by 8.2% during the second quarter. Hancock Whitney Corp now owns 6,840 shares of the aerospace company’s stock valued at $1,189,000 after buying an additional 516 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in Raytheon by 9.9% during the second quarter. EP Wealth Advisors LLC now owns 13,908 shares of the aerospace company’s stock valued at $2,418,000 after buying an additional 1,255 shares during the last quarter. Finally, Boston Partners bought a new position in Raytheon during the second quarter valued at approximately $46,000. 73.08% of the stock is owned by institutional investors.
Raytheon Company develops integrated products, services, and solutions for the 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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