Raytheon Company Common Stock (NYSE:RTN):
Raytheon awarded Title III contract to advance its industry-leading Gallium Nitride technology.
In the market the company is trading up by 0.62 percent from yesterday’s close.
The company recently declared a dividend for shareholders to be paid on Thursday the 10th of November 2016. The dividend will be $0.733 per share for the quarter or $2.93 annualized. The dividend yield will be $2.10. The ex-dividend date will be Monday the 3rd of October 2016.
Company chares are trading at $137.19 which is a tad under the 50 day moving average of $137.64 and just a bit higher than the 200 day moving average of $135.54. The 50 day moving average was down $-0.45 or -0.32% and the 200 day average went up $1.65 or +1.22%.
The P/E ratio is 19.17 and the market cap of the company is 40.48B. As of the last earnings report the EPS was $7.16 and is projected to be $7.42 for the current year with 295,095,000 shares now outstanding. Next quarter’s EPS is forecasted to be $1.68 with next year’s EPS projected to be $7.69.
Investment analysts have weighed in on the stock recently. Equity analyst Vertical Research initiated coverage on RTN by announcing an initial rating of “Buy”. On October 6, 2016 Baird starting coverage on the stock with a rating of “Outperform” and projecting a price target of $170.00.
September 6 investment analysts at Citigroup held the company rating at “Buy” and moved up the price target from $124.00 to $170.00. On May 2 Bernstein made no change to the company rating of “Neutral” and lowered the price expectation to $131.00 from $132.00.
On April 4 analysts at Guggenheim Securities initiated coverage on the stock with an initial rating of “Buy”. On January 29 Credit Suisse maintained a company rating of “Outperform” but moved up the price target to $138.00 from $122.18.