Raytheon Company Common Stock (NYSE:RTN):
Air traffic controllers recognize Raytheon for modernizing systems that manage the nation’s most challenging airports.
The company is trading up by 0.62% since yesterday’s close of $136.35.
The company also recently declared a dividend for shareholders that will be paid on Thursday the 10th of November 2016. The dividend payment will be $0.733 per share for the quarter which is $2.93 annualized. The dividend yield will be $2.10. The ex-dividend date will be Monday October 3rd, 2016.
The stock last traded at $137.19 a tad below $137.64, the 50 day moving average and which is just a bit higher than the 200 day moving average of $135.54. The 50 day moving average went down $-0.45 or -0.32% and the 200 day average went up $1.65 or +1.22%.
The P/E ratio is currently 19.17 and market cap is 40.48B. In the latest earnings report the EPS was $7.16 and is projected to be $7.42 for the current year with 295,095,000 shares outstanding. Next quarter’s EPS is forecasted to be $1.68 and the next full year EPS is anticipated to be $7.69.
A few brokerage analysts have released opinions on the company recently. Vertical Research began coverage with a rating of “Buy”. On October 6, 2016 Baird started covering RTN with an initial rating of “Outperform” and price target of $170.00.
On September 6 Citigroup kept the stock rating at “Buy” but raised the price expectation to $170.00 from $124.00. May 2 investment analysts at Bernstein kept the company rating at “Neutral” but moved down the price target from $132.00 to $131.00.
Equity analyst Guggenheim Securities released its first research report on the stock giving it an initial rating of “Buy”. January 29 investment analysts at Credit Suisse held the company rating at “Outperform” and raised the price target from $122.18 to $138.00.