Raytheon Company (NYSE:RTN): According to 11 Analysts, The short term target price has been estimated at $ 141.09.The target price could deviate by a maximum of $10.83 from the forecast price. In the near term, the target price could hit a high of $153 and a low of $ 118.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Raytheon Company (NYSE:RTN). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Goldman Sachs raises the price target from $130 per share to $131 per share. The rating by the firm was issued on May 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, Wood Michael J, officer (VP, Controller & CAO) of Raytheon Co/, unloaded 2,582 shares at an average price of $133.35 on June 6, 2016. The total amount of the transaction was worth $344,310, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Raytheon Company (NYSE:RTN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.75 points or 1.28% at $134.91 with 1,400,714 shares getting traded. Post opening the session at $136.29, the shares hit an intraday low of $134.89 and an intraday high of $137.16 and the price was in this range throughout the day. The company has a market cap of $40,066 million and the number of outstanding shares have been calculated to be 296,980,000 shares. The 52-week high of Raytheon Company (NYSE:RTN) is $137.34 and the 52-week low is $95.32.
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.