Raytheon Company (RTN) is Reiterated by RBC Capital Mkts to Top Pick, Raises Price Target to $ 148

Raytheon Company (RTN) was Reiterated by RBC Capital Mkts to “Top Pick” according to the research note released today. The brokerage firm has raised the Price Target to $ 148 from a previous price target of $147 . RBC Capital Mkts advised their investors in a research report released on Apr 29, 2016.

Many Wall Street Analysts have commented on Raytheon Company. Raytheon Company was Initiated by Guggenheim to “Buy” on Apr 5, 2016.

On the company’s financial health, Raytheon Company reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.38. The company had revenue of $5763.00 million for the quarter, compared to analysts expectations of $5460.33 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 EPS.

Raytheon Company opened for trading at $128.5 and hit $130.89 on the upside on Wednesday, eventually ending the session at $129.87, with a gain of 1.29% or 1.66 points. The heightened volatility saw the trading volume jump to 38,48,265 shares. Company has a market cap of $38,831 M.

In a different news, on Apr 6, 2016, Richard R Yuse (Vice President) sold 22,345 shares at $125.00 per share price. According to the SEC, on Mar 30, 2016, Anthony F O’brien (Vice President and CFO) sold 6,000 shares at $122.95 per share price. On Mar 24, 2016, Thomas A Kennedy (Chairman and CEO) sold 11,569 shares at $123.57 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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