Raytheon Company (RTN) has risen sharply, recording gains of 1% in the past 4 weeks. However, the stock has corrected -1.11% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.21% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.27% and the fifty day Moving Average is 1.97%. Raytheon Company is up 8.8% in the last three month period. Year-to-Date the stock performance stands at 15.07%.
Raytheon Company (RTN) : The most positive equity analysts on Raytheon Company (RTN) expects the shares to touch $160, whereas, the least positive believes that the stock will trade at $118 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $150.2 with an expected fluctuation of $13.01 from the mean.
Raytheon Company (NYSE:RTN): On Fridays trading session , Opening price of the stock was $141.81 with an intraday high of $142.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $140.64. However, the stock managed to close at $140.92, a loss of 0.61% for the day. On the previous day, the stock had closed at $141.78. The total traded volume of the day was 1,152,878 shares.
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.