The Royal Bank of Canada Reiterates Buy Rating for Raytheon Company (RTN)

The Royal Bank of Canada Reiterates Buy Rating for Raytheon Company (RTN)

Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC reissued a “buy” rating and issued a $172.00 target price on shares of Raytheon Company in a report on Tuesday, May 23rd. Zacks Investment Research downgraded shares of Raytheon Company from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Vetr raised shares of Raytheon Company from a “hold” rating to a “buy” rating and set a $170.66 target price on the stock in a report on Thursday. Credit Suisse Group AG reissued a “buy” rating and issued a $170.00 target price on shares of Raytheon Company in a report on Friday, March 31st. Finally, Stifel Nicolaus boosted their target price on shares of Raytheon Company from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, April 28th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $167.82.

Raytheon Company (NYSE:RTN)‘s stock had its “buy” rating restated by equities researchers at Royal Bank of Canada in a research note issued to investors on Friday. They currently have a $181.00 target price on the aerospace company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 10.85% from the company’s previous close.

Shares of Raytheon Company (NYSE RTN) opened at 163.28 on Friday. The firm has a 50-day moving average of $158.42 and a 200 day moving average of $151.39. The stock has a market capitalization of $47.53 billion, a PE ratio of 21.04 and a beta of 0.67. Raytheon Company has a 1-year low of $130.97 and a 1-year high of $164.35.

Raytheon Company (NYSE:RTN) last released its earnings results on Thursday, April 27th. The aerospace company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.61 by $0.12. Raytheon Company had a net margin of 9.19% and a return on equity of 19.77%. The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Analysts predict that Raytheon Company will post $7.48 EPS for the current year. The company also recently announced a quarterly dividend, which will be paid on Thursday, August 3rd. Stockholders of record on Wednesday, July 5th will be paid a $0.7975 dividend. This represents a $3.19 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Friday, June 30th. Raytheon Company’s dividend payout ratio is currently 39.38%.

Raytheon Company (NYSE:RTN) last released its earnings results on Thursday, April 27th. The aerospace company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.61 by $0.12. Raytheon Company had a net margin of 9.19% and a return on equity of 19.77%. The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Analysts predict that Raytheon Company will post $7.48 EPS for the current year. In other news, VP David C. Wajsgras sold 5,250 shares of the stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $154.46, for a total value of $810,915.00. Following the sale, the vice president now owns 150,182 shares of the company’s stock, valued at $23,197,111.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Michael J. Wood sold 518 shares of the stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $151.73, for a total transaction of $78,596.14. Following the completion of the sale, the vice president now directly owns 21,714 shares in the company, valued at approximately $3,294,665.22. The disclosure for this sale can be found here. In the last three months, insiders sold 15,786 shares of company stock worth $2,422,012. Insiders own 0.21% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. James Investment Research Inc. increased its stake in shares of Raytheon Company by 0.6% in the first quarter. James Investment Research Inc. now owns 68,346 shares of the aerospace company’s stock valued at $10,422,000 after buying an additional 381 shares in the last quarter. State Street Corp increased its stake in shares of Raytheon Company by 6.6% in the fourth quarter. State Street Corp now owns 12,272,296 shares of the aerospace company’s stock valued at $1,742,711,000 after buying an additional 759,970 shares in the last quarter. Greenwood Capital Associates LLC increased its stake in shares of Raytheon Company by 0.7% in the fourth quarter. Greenwood Capital Associates LLC now owns 18,394 shares of the aerospace company’s stock valued at $2,612,000 after buying an additional 133 shares in the last quarter. FMR LLC increased its stake in shares of Raytheon Company by 11.1% in the fourth quarter. FMR LLC now owns 7,540,397 shares of the aerospace company’s stock valued at $1,070,737,000 after buying an additional 754,733 shares in the last quarter. Finally, REDW Stanley Financial Advisors LLC purchased a new stake in shares of Raytheon Company during the fourth quarter valued at $234,000. 75.72% of the stock is currently owned by institutional investors and hedge funds. About Raytheon Company

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RTN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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