Shares of Raytheon Co. (NYSE:RTN) have been assigned an average rating of “Buy” from the twenty-two analysts that are currently covering the firm. Four equities research analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $150.92.

RTN has been the subject of a number of research analyst reports. Deutsche Bank AG lifted their price target on Raytheon from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, October 28th. Wells Fargo & Co. reiterated a “buy” rating on shares of Raytheon in a research report on Monday, November 14th. Robert W. Baird initiated coverage on Raytheon in a research report on Thursday, October 6th. They set an “outperform” rating and a $170.00 price target for the company. Citigroup Inc. raised their price objective on Raytheon from $145.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, September 6th. Finally, Zacks Investment Research cut Raytheon from a “hold” rating to a “sell” rating in a report on Monday, October 17th.

Several large investors have recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC raised its stake in Raytheon by 11.6% in the third quarter. Tradewinds Capital Management LLC now owns 759 shares of the company’s stock valued at $103,000 after buying an additional 79 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Raytheon during the third quarter valued at $105,000. QCI Asset Management Inc. NY raised its stake in Raytheon by 4.5% in the third quarter. QCI Asset Management Inc. NY now owns 810 shares of the company’s stock valued at $110,000 after buying an additional 35 shares in the last quarter. CWM LLC raised its stake in Raytheon by 14.0% in the third quarter. CWM LLC now owns 814 shares of the company’s stock valued at $111,000 after buying an additional 100 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in Raytheon by 141.6% in the third quarter. Penserra Capital Management LLC now owns 865 shares of the company’s stock valued at $117,000 after buying an additional 507 shares in the last quarter. Institutional investors own 78.94% of the company’s stock.

Shares of Raytheon (NYSE:RTN) traded up 0.30% on Friday, reaching $148.33. The company’s stock had a trading volume of 476,518 shares. Raytheon has a 12 month low of $115.73 and a 12 month high of $152.58. The firm’s 50-day moving average price is $140.07 and its 200-day moving average price is $137.62. The stock has a market cap of $43.56 billion, a P/E ratio of 19.81 and a beta of 0.62.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 2nd. Investors of record on Wednesday, January 4th will be given a dividend of $0.7325 per share. The ex-dividend date is Friday, December 30th. This represents a $2.93 annualized dividend and a dividend yield of 1.98%. Raytheon’s dividend payout ratio is presently 39.12%.

ILLEGAL ACTIVITY WARNING: This story was first published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2016/11/25/raytheon-co-rtn-given-average-recommendation-of-buy-by-brokerages.html.

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

Receive News & Stock Ratings for Raytheon Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon Co. and related stocks with our FREE daily email newsletter.