Raytheon Co. (NYSE:RTN)‘s stock had its “buy” rating reissued by equities researchers at Wells Fargo & Co. in a research report issued to clients and investors on Monday.

Other equities research analysts also recently issued research reports about the stock. Vertical Research started coverage on shares of Raytheon in a research report on Friday, October 28th. They issued a “buy” rating and a $154.00 target price for the company. Stifel Nicolaus increased their target price on shares of Raytheon from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Citigroup Inc. increased their target price on shares of Raytheon from $145.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Argus reiterated a “buy” rating and issued a $161.00 target price on shares of Raytheon in a research report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $151.00 target price on shares of Raytheon in a research report on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $173.89.

Analyst Recommendations for Raytheon (NYSE:RTN)

Raytheon (NYSE:RTN) opened at 147.29 on Monday. The stock has a market capitalization of $43.25 billion, a PE ratio of 19.67 and a beta of 0.62. Raytheon has a 52-week low of $115.73 and a 52-week high of $152.58. The firm has a 50-day moving average of $138.03 and a 200-day moving average of $136.46.

Raytheon (NYSE:RTN) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.15. The business earned $6 billion during the quarter, compared to the consensus estimate of $6.04 billion. Raytheon had a net margin of 9.26% and a return on equity of 19.98%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 EPS. On average, equities analysts expect that Raytheon will post $7.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Wednesday, October 5th were given a dividend of $0.7325 per share. The ex-dividend date was Monday, October 3rd. This represents a $2.93 annualized dividend and a dividend yield of 1.99%. Raytheon’s dividend payout ratio (DPR) is currently 39.12%.

Hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors raised its stake in shares of Raytheon by 4.5% in the second quarter. Nationwide Fund Advisors now owns 523,176 shares of the company’s stock valued at $71,126,000 after buying an additional 22,683 shares during the period. Sanders Capital LLC raised its stake in shares of Raytheon by 0.8% in the second quarter. Sanders Capital LLC now owns 1,131,091 shares of the company’s stock valued at $153,344,000 after buying an additional 9,071 shares during the period. Moody Lynn & Lieberson LLC raised its stake in shares of Raytheon by 1.9% in the second quarter. Moody Lynn & Lieberson LLC now owns 141,203 shares of the company’s stock valued at $19,197,000 after buying an additional 2,588 shares during the period. BB&T Corp raised its stake in shares of Raytheon by 818.0% in the second quarter. BB&T Corp now owns 150,606 shares of the company’s stock valued at $20,476,000 after buying an additional 134,201 shares during the period. Finally, Klingenstein Fields & Co. LLC raised its stake in shares of Raytheon by 2.6% in the second quarter. Klingenstein Fields & Co. LLC now owns 251,934 shares of the company’s stock valued at $34,251,000 after buying an additional 6,298 shares during the period. Institutional investors and hedge funds own 79.58% of the company’s stock.

About Raytheon

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.

5 Day Chart for NYSE:RTN

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