Susquehanna Bancshares Initiates Coverage on Raytheon (RTN)

Susquehanna Bancshares started coverage on shares of Raytheon (NYSE:RTN) in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage issued a positive rating and a $187.00 target price on the aerospace company’s stock.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Raytheon from a hold rating to a buy rating and set a $233.00 price target on the stock in a research report on Wednesday, October 3rd. Bank of America dropped their target price on shares of Raytheon from $245.00 to $230.00 and set a buy rating on the stock in a report on Friday, October 26th. Barclays dropped their target price on shares of Raytheon from $239.00 to $195.00 and set an equal weight rating on the stock in a report on Tuesday, December 4th. Wells Fargo & Co dropped their target price on shares of Raytheon from $225.00 to $215.00 and set an outperform rating on the stock in a report on Friday, October 26th. Finally, Morgan Stanley dropped their target price on shares of Raytheon from $228.00 to $221.00 and set an overweight rating on the stock in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Raytheon presently has a consensus rating of Buy and a consensus target price of $225.38.

Shares of NYSE:RTN opened at $159.17 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. Raytheon has a one year low of $144.27 and a one year high of $229.75. The stock has a market cap of $44.94 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 0.96 and a beta of 0.90.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Wednesday, January 2nd will be issued a $0.8675 dividend. The ex-dividend date is Monday, December 31st. This represents a $3.47 dividend on an annualized basis and a dividend yield of 2.18%. Raytheon’s payout ratio is 45.54%.

Several hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. grew its stake in Raytheon by 33.3% in the 3rd quarter. Alliancebernstein L.P. now owns 4,054,014 shares of the aerospace company’s stock valued at $837,803,000 after buying an additional 1,013,436 shares during the last quarter. Standard Life Aberdeen plc grew its stake in Raytheon by 64.9% in the 3rd quarter. Standard Life Aberdeen plc now owns 1,950,068 shares of the aerospace company’s stock valued at $403,010,000 after buying an additional 767,198 shares during the last quarter. Putnam Investments LLC grew its stake in Raytheon by 49.8% in the 2nd quarter. Putnam Investments LLC now owns 2,154,197 shares of the aerospace company’s stock valued at $416,148,000 after buying an additional 716,446 shares during the last quarter. BlackRock Inc. grew its stake in Raytheon by 2.9% in the 3rd quarter. BlackRock Inc. now owns 22,549,718 shares of the aerospace company’s stock valued at $4,660,126,000 after buying an additional 638,922 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in Raytheon by 242.0% in the 3rd quarter. Mackenzie Financial Corp now owns 565,776 shares of the aerospace company’s stock valued at $116,923,000 after buying an additional 400,353 shares during the last quarter. 73.24% of the stock is currently owned by institutional investors.

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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