Skip to main content

Market Update: Raytheon Co (NYSE:RTN) – Patriot, one; ballistic missile, zero

[PR Newswire] – WHITE SANDS MISSILE RANGE, N.M., March 17, 2016 /PRNewswire/ — The newly upgraded Raytheon (NYSE: RTN) Patriot Integrated Air and Missile Defense system has again proven that it can destroy a ballistic … Read more on this. Raytheon Company (RTN) , valued at $36.65B, started trading this morning at $123.38. Looking at the stock, its one day range is $121.55 to $123.91 with a one year range of $95.32 to $129.99. Raytheon (RTN) shares are currently priced at 17.33x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.64x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.68 per share annually in dividends, yielding 2.20%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.37 per share, which would be $0.42 worse than the year-ago quarter and a $0.22 sequential decrease. Investors should also note that the full-year EPS estimate of $7.03 is a $0.27 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.45 Billion. If reported, that would be a 3.02% increase over the year-ago quarter. In terms of ratings, Argus upgraded RTN from Hold to Buy (Nov 12, 2015). Previously, JP Morgan upgraded RTN from Neutral to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $140.19, which is 13.62% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Company Update (NYSE:RTN): Raytheon Standard Missile-6 successfully hits surface target Market Update: Raytheon Co (NYSE:RTN) – Arizona Technology Council honors Raytheon Missile Systems with 2015 Pioneering Award Stock Update: Raytheon Co (NYSE:RTN) – Raytheon wins prestigious Brandon Hall award for Patriot missile battery virtual training
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.