Raytheon Company (RTN) is Reiterated by Stifel to Buy, Raises Price Target to $ 160

Raytheon Company (RTN) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 160 from a previous price target of $140 . Stifel advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on Raytheon Company. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 127 from a previous price target of $125 .

On the company’s financial health, Raytheon Company reported $1.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.77. The company had revenue of $6035.00 million for the quarter, compared to analysts expectations of $5832.99 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS.

Raytheon Company opened for trading at $136.67 and hit $138.2 on the upside on Thursday, eventually ending the session at $138.06, with a gain of 2.01% or 2.72 points. The heightened volatility saw the trading volume jump to 20,75,327 shares. Company has a market cap of $41,001 M.

In a different news, on Jun 8, 2016, Michael J Wood (VP, Controller & CAO) sold 2,582 shares at $133.35 per share price. According to the SEC, on Jun 8, 2016, Rebecca R Rhoads (Vice President) sold 4,781 shares at $133.80 per share price. On Jun 8, 2016, Anthony F O’brien (Vice President and CFO) sold 1,238 shares at $133.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Raytheon Company together with its subsidiaries is a technology Company that specializes in defense and other Government markets. The Company develops products services and solutions in markets: sensing; effects; command control communications and intelligence (C3I); and mission support as well as cyber and information security. The Company operates in four segments: Integrated Defense Systems (IDS); Intelligence Information and Services; Missile Systems and Space and Airborne Systems. The Company serves both domestic and international customers as both a prime contractor and subcontractor on a portfolio of defense and related programs primarily for Government customers. The Company’s products include Global Integrated Sensors Integrated Air & Missile Defense Cybersecurity and Special Missions Global Training Solutions Land Warfare Systems Advanced Missile Systems Tactical Airborne Systems Advanced Missile Systems and Electronic Warfare Systems.

Raytheon Company

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