Raytheon Company (RTN) : 15 analysts are covering Raytheon Company (RTN) and their average rating on the stock is 1.27, which is read as a Strong Buy. 13 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Raytheon Company (RTN) stock is expected to deviate a maximum of $10.33 from the average target price of $141 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $153 and the most muted being $118.
Raytheon Company (NYSE:RTN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $136.58 and $136.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $138.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $138.05, notching a gain of 0.99% for the day. The total traded volume was 2,256,290 . The stock had closed at $136.70 on the previous day.
Also, Goldman Sachs maintains their rating on the shares of Raytheon Company (NYSE:RTN). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $131 per share from $130 per share. The rating by the firm was issued on May 2, 2016. The company shares have rallied 39.48% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $137.34 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $133.38 and the 200 Day Moving Average price is recorded at $126.89.
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 Companys 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.