Raytheon Company (NYSE:RTN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.27 by 15 Brokerage Firm. 13 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Goldman Sachs maintains its view on Raytheon Company (NYSE:RTN) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Goldman Sachs raises the price target from $130 per share to $131 per share on Raytheon Company. The rating by the firm was issued on May 2, 2016.
Raytheon Company (NYSE:RTN): 12 Analyst have given the stock of Raytheon Company (NYSE:RTN) a near short term price target of $141. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $10.33. The higher price target estimate is at $153 while the lower price estimates are fixed at $118.
Raytheon Company (NYSE:RTN) witnessed a decline in the market cap on Tuesday as its shares dropped 0.16% or 0.21 points. After the session commenced at $135.57, the stock reached the higher end at $135.88 while it hit a low of $134.31. With the volume soaring to 1,282,735 shares, the last trade was called at $134.59. The company has a 52-week high of $137.34. The company has a market cap of $39,971 million and there are 296,980,000 shares in outstanding. The 52-week low of the share price is $95.32.
Raytheon Company has dropped 0.86% in the last five trading days, however, the shares have posted positive gains of 4.06% in the last 4 weeks. Raytheon Company is up 9.39% in the last 3-month period. Year-to-Date the stock performance stands at 9.31%.
Raytheon Company, together with its subsidiaries, is a technology Company that specializes in defense and other Government markets. The Company develops products, services and solutions in markets: sensing; effects; command, control, communications and intelligence (C3I); and mission support, as well as cyber and information security. The Company operates in four segments: Integrated Defense Systems (IDS); Intelligence, Information and Services; Missile Systems, and Space and Airborne Systems. The Company serves both domestic and international customers, as both a prime contractor and subcontractor on a portfolio of defense and related programs primarily for Government customers. The Companys products include Global Integrated Sensors, Integrated Air & Missile Defense, Cybersecurity and Special Missions, Global Training Solutions, Land Warfare Systems, Advanced Missile Systems, Tactical Airborne Systems, Advanced Missile Systems and Electronic Warfare Systems.