Susquehanna Bancshares began coverage on shares of Raytheon (NYSE:RTN) in a research note released on Thursday, MarketBeat reports. The brokerage issued a positive rating and a $187.00 price target on the aerospace company’s stock.
A number of other research firms also recently weighed in on RTN. Zacks Investment Research upgraded Raytheon from a hold rating to a buy rating and set a $233.00 price target on the stock in a research note on Wednesday, October 3rd. Morgan Stanley reduced their price objective on Raytheon from $228.00 to $221.00 and set an overweight rating for the company in a report on Wednesday, November 14th. Wells Fargo & Co reduced their price objective on Raytheon from $225.00 to $215.00 and set an outperform rating for the company in a report on Friday, October 26th. Bank of America reduced their price objective on Raytheon from $245.00 to $230.00 and set a buy rating for the company in a report on Friday, October 26th. Finally, Barclays reduced their price objective on Raytheon from $239.00 to $195.00 and set an equal weight rating for the company in a report on Tuesday, December 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $225.38.
Shares of NYSE RTN opened at $159.17 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. Raytheon has a fifty-two week low of $144.27 and a fifty-two week high of $229.75. The stock has a market cap of $44.94 billion, a PE 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 earnings results on Thursday, October 25th. The aerospace company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.28. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.67 billion. Raytheon had a return on equity of 24.43% and a net margin of 9.33%. During the same quarter last year, the company earned $1.97 EPS. Equities analysts forecast that Raytheon will post 10.1 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.8675 per share. This represents a $3.47 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Monday, December 31st. Raytheon’s dividend payout ratio (DPR) is presently 45.54%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Investment Partners LTD. purchased a new stake in shares of Raytheon in the third quarter worth about $207,000. WESPAC Advisors SoCal LLC acquired a new stake in shares of Raytheon during the 3rd quarter worth approximately $103,000. Banco de Sabadell S.A grew its holdings in Raytheon by 100.0% in the 3rd quarter. Banco de Sabadell S.A now owns 600 shares of the aerospace company’s stock worth $124,000 after buying an additional 300 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Raytheon in the 3rd quarter worth approximately $134,000. Finally, Psagot Investment House Ltd. grew its holdings in Raytheon by 4,900.0% in the 3rd quarter. Psagot Investment House Ltd. now owns 650 shares of the aerospace company’s stock worth $134,000 after buying an additional 637 shares in the last quarter. 73.24% of the stock is owned by institutional investors.
Raytheon Company Profile
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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