Raytheon Company Common Stock (NYSE:RTN):
U.S. Navy awards Raytheon $255 million to complete development of next generation precision landing system.
The company is trading up by 0.62 percent from yesterday’s close.
Raytheon Company Common Stock also recently announced a dividend for shareholders that will 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 $2.07. The ex-dividend date will be Monday October 3rd, 2016.
It is currently trading at $137.19 a tad below the 50 day moving average which is $137.64 and just above the 200 day moving average of $135.54. The 50 day moving average went down $-0.45 or -0.32% whereas the 200 day moving average was up $1.65 or +1.22%.
The most current P/E ratio is 19.17 and market cap 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 currently outstanding. Next quarter’s EPS is forecasted to be $1.68 with next year’s EPS projected to be $7.69.
A few brokerage firms have released opinions on the stock recently. Equity analyst Vertical Research released its first research report on the stock setting a rating of “Buy”. Baird added the stock to its research portfolio with an initial rating of “Outperform” and a price target of $170.00.
On September 6 Citigroup maintained a stock rating of “Buy” but moved up the price target to $170.00 from $124.00. May 2 investment analysts at Bernstein maintained a company rating of “Neutral” but lowered the price target from $132.00 to $131.00.
On April 4, 2016 Guggenheim Securities initiated coverage on the stock by announcing an initial rating of “Buy”. On January 29 Credit Suisse made no change to the company rating of “Outperform” and moved up the price target to $138.00 from $122.18.