Raytheon Company (NYSE:RTN) has been assigned a consensus rating of “Buy” from the eighteen research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $183.81.

RTN has been the subject of several recent research reports. Vetr raised Raytheon from a “hold” rating to a “buy” rating and set a $167.16 price target for the company in a research note on Monday, May 22nd. BidaskClub raised Raytheon from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $181.00 price target on shares of Raytheon in a research note on Friday, June 2nd. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $183.00 price target for the company in a research note on Tuesday, May 30th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $172.00 price target on shares of Raytheon in a research note on Tuesday, May 23rd.

COPYRIGHT VIOLATION NOTICE: “Raytheon Company (RTN) Given Consensus Rating of “Buy” by Brokerages” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/09/02/raytheon-company-rtn-given-consensus-rating-of-buy-by-brokerages.html.

In other Raytheon news, VP Taylor W. Lawrence sold 2,756 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $162.04, for a total value of $446,582.24. Following the transaction, the vice president now owns 53,285 shares in the company, valued at $8,634,301.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Michael J. Wood sold 1,442 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $162.98, for a total value of $235,017.16. Following the completion of the transaction, the chief accounting officer now owns 18,470 shares in the company, valued at approximately $3,010,240.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,021 shares of company stock worth $3,346,671. Corporate insiders own 0.19% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Lockheed Martin Investment Management Co. purchased a new position in shares of Raytheon during the first quarter valued at about $1,830,000. GHP Investment Advisors Inc. purchased a new position in shares of Raytheon during the first quarter valued at about $204,000. Homrich & Berg raised its position in shares of Raytheon by 20.4% in the first quarter. Homrich & Berg now owns 2,664 shares of the aerospace company’s stock valued at $406,000 after buying an additional 451 shares during the last quarter. United Bank Inc. raised its position in shares of Raytheon by 6.8% in the first quarter. United Bank Inc. now owns 28,264 shares of the aerospace company’s stock valued at $4,310,000 after buying an additional 1,791 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC purchased a new position in shares of Raytheon during the first quarter valued at about $1,014,000. Institutional investors and hedge funds own 73.83% of the company’s stock.

Raytheon (NYSE:RTN) opened at 181.38 on Friday. The company has a market cap of $52.65 billion, a PE ratio of 25.05 and a beta of 0.59. Raytheon has a one year low of $132.89 and a one year high of $182.49. The firm’s 50-day moving average price is $174.86 and its 200-day moving average price is $161.94.

Raytheon (NYSE:RTN) last issued its quarterly earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.15. The company had revenue of $6.28 billion during the quarter, compared to analysts’ expectations of $6.24 billion. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.38 earnings per share. On average, equities research analysts forecast that Raytheon will post $7.59 earnings per share for the current fiscal year.

About Raytheon

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.

Analyst Recommendations for Raytheon (NYSE:RTN)

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