Raytheon (RTN) Given New $195.00 Price Target at Barclays

Raytheon (NYSE:RTN) had its target price dropped by research analysts at Barclays from $239.00 to $195.00 in a report released on Tuesday. The brokerage currently has an “equal weight” rating on the aerospace company’s stock. Barclays’ target price indicates a potential upside of 13.47% from the company’s previous close.

Several other equities research analysts have also commented on the company. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $233.00 price target on the stock in a research note on Wednesday, October 3rd. UBS Group began coverage on Raytheon in a research note on Wednesday, August 15th. They set a “buy” rating and a $250.00 price target on the stock. Morgan Stanley decreased their price target on Raytheon from $228.00 to $221.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 14th. Wells Fargo & Co decreased their price target on Raytheon from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Finally, Bank of America decreased their price target on Raytheon from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $227.15.

RTN stock traded down $1.02 during trading on Tuesday, hitting $171.85. The company had a trading volume of 23,400 shares, compared to its average volume of 1,656,278. The stock has a market capitalization of $49.90 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.25 and a beta of 0.82. Raytheon has a 1-year low of $165.00 and a 1-year high of $229.75. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.42.

Raytheon (NYSE:RTN) last released its earnings results on Thursday, October 25th. The aerospace company reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.28. Raytheon had a return on equity of 24.43% and a net margin of 9.33%. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter in the previous year, the firm posted $1.97 EPS. Analysts expect that Raytheon will post 10.1 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in RTN. Great Lakes Advisors LLC increased its holdings in Raytheon by 6.2% in the 3rd quarter. Great Lakes Advisors LLC now owns 11,420 shares of the aerospace company’s stock valued at $2,360,000 after purchasing an additional 662 shares in the last quarter. Carnegie Capital Asset Management LLC increased its holdings in Raytheon by 28.0% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 12,061 shares of the aerospace company’s stock valued at $2,195,000 after purchasing an additional 2,638 shares in the last quarter. Vanguard Group Inc. increased its holdings in Raytheon by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 23,074,017 shares of the aerospace company’s stock valued at $4,768,477,000 after purchasing an additional 212,408 shares in the last quarter. Dodge & Cox acquired a new stake in Raytheon in the 3rd quarter valued at $320,000. Finally, WealthPLAN Partners LLC increased its holdings in Raytheon by 22.9% in the 3rd quarter. WealthPLAN Partners LLC now owns 1,615 shares of the aerospace company’s stock valued at $282,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 73.25% of the company’s stock.

Raytheon Company Profile

Raytheon Company develops integrated products, services, and solutions for defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.

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Analyst Recommendations for Raytheon (NYSE:RTN)

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