Raytheon (NYSE:RTN) PT Raised to $215.00 at UBS Group

Raytheon (NYSE:RTN) had its price objective lifted by UBS Group from $205.00 to $215.00 in a research report sent to investors on Friday morning, BenzingaRatingsTable reports. UBS Group currently has a neutral rating on the aerospace company’s stock.

Other research analysts have also recently issued reports about the company. Bank of America reissued a buy rating and issued a $265.00 target price (up from $224.00) on shares of Raytheon in a research report on Friday, July 26th. Stifel Nicolaus raised their target price on Raytheon from $205.00 to $218.00 and gave the stock a buy rating in a research report on Monday, June 10th. Buckingham Research cut Raytheon from a buy rating to a neutral rating and dropped their target price for the stock from $265.00 to $195.00 in a research report on Monday, June 24th. Vertical Research cut Raytheon from a buy rating to a hold rating and dropped their target price for the stock from $216.00 to $203.00 in a research report on Tuesday, June 11th. Finally, ValuEngine cut Raytheon from a hold rating to a sell rating in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $212.00.

Shares of NYSE:RTN opened at $204.06 on Friday. The stock has a market capitalization of $54.99 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.58 and a beta of 0.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.35 and a current ratio of 1.46. The stock’s 50-day simple moving average is $185.33 and its two-hundred day simple moving average is $181.20. Raytheon has a 52-week low of $144.27 and a 52-week high of $210.89.

Raytheon (NYSE:RTN) last announced its earnings results on Thursday, July 25th. The aerospace company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.31. The business had revenue of $7.16 billion for the quarter, compared to analysts’ expectations of $7.02 billion. Raytheon had a return on equity of 26.34% and a net margin of 10.96%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $2.45 earnings per share. As a group, equities analysts forecast that Raytheon will post 11.73 earnings per share for the current fiscal year.

In other news, VP Frank R. Jimenez sold 1,054 shares of Raytheon stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $180.00, for a total transaction of $189,720.00. Following the transaction, the vice president now directly owns 25,863 shares of the company’s stock, valued at approximately $4,655,340. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Randa G. Newsome sold 10,000 shares of Raytheon stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $185.01, for a total value of $1,850,100.00. Following the transaction, the vice president now directly owns 20,396 shares in the company, valued at $3,773,463.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,969 shares of company stock worth $2,622,820. Insiders own 0.18% of the company’s stock.

Several hedge funds have recently bought and sold shares of RTN. River & Mercantile Asset Management LLP purchased a new position in Raytheon in the 2nd quarter worth approximately $10,133,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Raytheon in the 2nd quarter worth approximately $2,260,000. Hancock Whitney Corp lifted its holdings in Raytheon by 8.2% in the 2nd quarter. Hancock Whitney Corp now owns 6,840 shares of the aerospace company’s stock worth $1,189,000 after purchasing an additional 516 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in Raytheon by 9.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 13,908 shares of the aerospace company’s stock worth $2,418,000 after purchasing an additional 1,255 shares in the last quarter. Finally, Boston Partners purchased a new position in Raytheon in the 2nd quarter worth approximately $46,000. 72.96% of the stock is currently owned by hedge funds and other institutional investors.

About Raytheon

Raytheon Company develops integrated products, services, and solutions for the 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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