JPMorgan Chase & Co. upgraded shares of Raytheon (NYSE:RTN) from a neutral rating to an overweight rating in a research report sent to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has $230.00 target price on the aerospace company’s stock, up from their previous target price of $225.00.

Several other equities analysts have also commented on RTN. Vertical Research lowered Raytheon from a buy rating to a hold rating and dropped their target price for the company from $216.00 to $203.00 in a report on Tuesday, June 11th. Bank of America reissued a buy rating and issued a $265.00 target price (up previously from $224.00) on shares of Raytheon in a report on Friday, July 26th. Buckingham Research lowered Raytheon from a buy rating to a neutral rating and dropped their target price for the company from $265.00 to $195.00 in a report on Monday, June 24th. Stifel Nicolaus increased their target price on Raytheon from $205.00 to $218.00 and gave the company a buy rating in a report on Monday, June 10th. Finally, UBS Group increased their target price on Raytheon from $205.00 to $215.00 and gave the company a neutral rating in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Raytheon has an average rating of Buy and an average price target of $212.00.

NYSE:RTN opened at $200.31 on Monday. The firm has a market capitalization of $55.34 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.59 and a beta of 0.85. The business’s fifty day moving average price is $185.72 and its 200 day moving average price is $181.34. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.46 and a quick ratio of 1.35. Raytheon has a 12 month low of $144.27 and a 12 month high of $210.89.

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

In other Raytheon news, VP Randa G. Newsome sold 10,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the vice president now owns 20,396 shares in the company, valued at $3,773,463.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Frank R. Jimenez sold 1,054 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $180.00, for a total transaction of $189,720.00. Following the completion of the transaction, the vice president now owns 25,863 shares of the company’s stock, valued at approximately $4,655,340. The disclosure for this sale can be found here. Insiders sold 13,969 shares of company stock valued at $2,622,820 in the last 90 days. 0.18% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RTN. Country Club Trust Company n.a. boosted its stake in shares of Raytheon by 7.4% during the second quarter. Country Club Trust Company n.a. now owns 46,543 shares of the aerospace company’s stock worth $8,093,000 after buying an additional 3,216 shares during the period. Clarius Group LLC acquired a new stake in shares of Raytheon during the first quarter worth about $233,000. Great Valley Advisor Group Inc. boosted its stake in shares of Raytheon by 11.3% during the second quarter. Great Valley Advisor Group Inc. now owns 2,126 shares of the aerospace company’s stock worth $370,000 after buying an additional 216 shares during the period. Tredje AP fonden boosted its stake in shares of Raytheon by 1.0% during the first quarter. Tredje AP fonden now owns 23,343 shares of the aerospace company’s stock worth $4,250,000 after buying an additional 227 shares during the period. Finally, Beech Hill Advisors Inc. acquired a new stake in shares of Raytheon during the second quarter worth about $3,874,000. Institutional investors own 72.96% of the company’s stock.

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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