Somewhat Favorable News Coverage Likely to Impact Raytheon (RTN) Share Price

News coverage about Raytheon (NYSE:RTN) has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Raytheon earned a coverage optimism score of 1.88 on their scale. InfoTrie also gave news stories about the aerospace company an news buzz score of 7 out of 10, meaning that recent news coverage is likely to have an effect on the stock’s share price in the near term.

These are some of the news stories that may have impacted Raytheon’s score:

RTN has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price objective on Raytheon from $235.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, July 27th. Bank of America cut their price objective on Raytheon from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $221.00 price objective for the company in a research report on Thursday, October 11th. UBS Group initiated coverage on Raytheon in a research report on Wednesday, August 15th. They set a “buy” rating and a $250.00 price objective for the company. Finally, Wells Fargo & Co cut their price objective on Raytheon from $225.00 to $215.00 and set an “outperform” rating for the company in a research report 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. Raytheon has a consensus rating of “Buy” and a consensus target price of $230.54.

Shares of NYSE:RTN opened at $173.58 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.49 and a quick ratio of 1.37. The stock has a market cap of $49.03 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. Raytheon has a 12-month low of $165.00 and a 12-month high of $229.75.

Raytheon (NYSE:RTN) last released its earnings results on Thursday, October 25th. The aerospace company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.28. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.67 billion. Raytheon had a return on equity of 24.43% and a net margin of 9.33%. During the same period in the previous year, the company posted $1.97 EPS. On average, sell-side analysts forecast that Raytheon will post 10.1 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Wednesday, January 2nd will be given a $0.8675 dividend. This represents a $3.47 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Monday, December 31st. Raytheon’s dividend payout ratio is currently 45.54%.

In other Raytheon news, VP Taylor W. Lawrence sold 3,299 shares of Raytheon stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $199.41, for a total value of $657,853.59. Following the completion of the transaction, the vice president now directly owns 44,220 shares of the company’s stock, valued at approximately $8,817,910.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

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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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