Analyst Rating Update on Raytheon Company (RTN)

Raytheon Company (NYSE:RTN) has an average broker rating of 1.27, which is interpreted as a Strong Buy, as rated by 15 equity analysts. Nonetheless, 13 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Raytheon Company (NYSE:RTN) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $153 and the lowest price target forecast is $118. The average forecast of all the analysts is $141 and the expected standard deviation is $10.33.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Goldman Sachs maintains its outlook on Raytheon Company (NYSE:RTN). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $130 per share to $131 per share. The rating by the firm was issued on May 2, 2016.

Raytheon Company (NYSE:RTN): On Tuesdays trading session , Opening price of the stock was $135.42 with an intraday high of $135.57. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $130.9748. However, the stock managed to close at $132.99, a loss of 1.34% for the day. On the previous day, the stock had closed at $134.8. The total traded volume of the day was 2,637,902 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Wood Michael J, officer (VP, Controller & CAO) of Raytheon Co/, had unloaded 2,582 shares at an average price of $133.35 in a transaction dated on June 6, 2016. The total value of the transaction was worth $344,310.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *