Jefferies Group LLC Reiterates “Buy” Rating for Raytheon Company (RTN)

Jefferies Group LLC Reiterates “Buy” Rating for Raytheon Company (RTN)

Jefferies Group LLC restated their buy rating on shares of Raytheon Company (NYSE:RTN) in a research report sent to investors on Tuesday morning. They currently have a $163.00 target price on the stock.

Other research analysts have also issued reports about the company. Vetr lowered Raytheon Company from a strong-buy rating to a buy rating and set a $163.03 target price for the company. in a report on Wednesday, January 18th. Zacks Investment Research upgraded Raytheon Company from a hold rating to a buy rating and set a $164.00 target price for the company in a report on Tuesday, January 17th. Vertical Research started coverage on Raytheon Company in a report on Friday, October 28th. They issued a buy rating and a $154.00 target price for the company. Wells Fargo & Company reiterated a buy rating on shares of Raytheon Company in a report on Monday, November 14th. Finally, Deutsche Bank AG lifted their target price on Raytheon Company from $140.00 to $145.00 and gave the company a hold rating in a report on Friday, October 28th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $156.81.

Raytheon Company (NYSE:RTN) opened at 146.89 on Tuesday. Raytheon Company has a one year low of $119.38 and a one year high of $152.58. The stock has a 50 day moving average price of $145.23 and a 200-day moving average price of $141.74. The stock has a market cap of $43.22 billion, a PE ratio of 19.74 and a beta of 0.67.

Raytheon Company (NYSE:RTN) last released its earnings results on Thursday, January 26th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.86 by $0.02. The company earned $6.20 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Raytheon Company had a net margin of 9.19% and a return on equity of 19.77%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.85 earnings per share. Equities research analysts expect that Raytheon Company will post $7.40 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 2nd. Investors of record on Wednesday, January 4th were given a $0.7325 dividend. This represents a $2.93 annualized dividend and a yield of 1.99%. The ex-dividend date was Friday, December 30th. Raytheon Company’s dividend payout ratio (DPR) is presently 39.38%.

In related news, VP Frank R. Jimenez sold 500 shares of the business’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $142.00, for a total value of $71,000.00. Following the transaction, the vice president now owns 26,158 shares in the company, valued at approximately $3,714,436. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC raised its stake in shares of Raytheon Company by 96.8% in the second quarter. LS Investment Advisors LLC now owns 16,076 shares of the company’s stock worth $2,186,000 after buying an additional 7,906 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Raytheon Company by 6.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 302,010 shares of the company’s stock worth $41,059,000 after buying an additional 18,074 shares in the last quarter. First Midwest Bank Trust Division raised its stake in shares of Raytheon Company by 0.5% in the second quarter. First Midwest Bank Trust Division now owns 4,557 shares of the company’s stock worth $619,000 after buying an additional 21 shares in the last quarter. ING Groep NV raised its stake in shares of Raytheon Company by 52.5% in the second quarter. ING Groep NV now owns 10,476 shares of the company’s stock worth $1,424,000 after buying an additional 3,608 shares in the last quarter. Finally, First National Trust Co. raised its stake in shares of Raytheon Company by 15.8% in the second quarter. First National Trust Co. now owns 5,254 shares of the company’s stock worth $714,000 after buying an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 77.33% of the company’s stock.

Raytheon Company Company Profile

Raytheon Company (Raytheon), together with its subsidiaries, is a technology company. The Company develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity.

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