Somewhat Favorable News Coverage Somewhat Unlikely to Impact Raytheon (RTN) Stock Price
Media headlines about Raytheon (NYSE:RTN) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Raytheon earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the aerospace company an impact score of 46.6260638149365 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Is it the Right Time to Invest in Raytheon (RTN) Stock? – Nasdaq (nasdaq.com)
- Raytheon (RTN) Wins $54M Deal for F/A-18 Aircraft Support – Nasdaq (nasdaq.com)
- Raytheon offers Stryker-mounted Stinger missile for U.S. Army mobile air defense (raytheon.mediaroom.com)
- Raytheon’s Technology to Enable DigitalGlobe’s WorldView Legion to Triple or Quadruple Images in Hi-Demand Areas (satnews.com)
Several equities analysts have recently weighed in on RTN shares. BidaskClub upgraded shares of Raytheon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Buckingham Research lifted their target price on shares of Raytheon from $190.00 to $199.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $172.00 target price on shares of Raytheon in a research note on Monday, June 26th. Royal Bank Of Canada set a $193.00 target price on shares of Raytheon and gave the stock a “buy” rating in a research note on Monday, August 28th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $215.00 target price (up previously from $192.00) on shares of Raytheon in a research note on Monday, October 9th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Raytheon presently has a consensus rating of “Buy” and an average target price of $193.19.
Raytheon (NYSE:RTN) opened at 188.71 on Tuesday. The company’s 50-day moving average is $184.25 and its 200 day moving average is $168.60. Raytheon has a 52 week low of $132.89 and a 52 week high of $189.64. The stock has a market cap of $54.77 billion, a PE ratio of 26.10 and a beta of 0.59.
Raytheon (NYSE:RTN) last released its earnings results on Thursday, July 27th. The aerospace company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.15. Raytheon had a net margin of 8.68% and a return on equity of 20.74%. The company had revenue of $6.28 billion for the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter last year, the business earned $2.38 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect that Raytheon will post $7.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Thursday, October 12th will be paid a dividend of $0.7975 per share. This represents a $3.19 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Wednesday, October 11th. Raytheon’s payout ratio is 43.94%.
In other Raytheon news, VP Frank R. Jimenez sold 650 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $187.27, for a total transaction of $121,725.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Taylor W. Lawrence sold 3,791 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $182.09, for a total transaction of $690,303.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,770 shares of company stock worth $1,052,376. 0.19% of the stock is owned by company insiders.
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Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.
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