How Analysts Feel About Raytheon Company (RTN) After Touching Record High?

February 19, 2018 - By Dolores Ford

Investors sentiment increased to 1.21 in Q3 2017. Its up 0.09, from 1.12 in 2017Q2. It is positive, as 42 investors sold Raytheon Company shares while 343 reduced holdings. 118 funds opened positions while 346 raised stakes. 205.51 million shares or 1.55% less from 208.75 million shares in 2017Q2 were reported.
The Wisconsin-based Campbell Newman Asset Mngmt has invested 3.02% in Raytheon Company (NYSE:RTN). Wealthcare Management Limited Liability Co accumulated 15 shares. Oakworth Cap owns 985 shares. Ingalls And Snyder Ltd has invested 0.03% in Raytheon Company (NYSE:RTN). Cantab Cap Partners Limited Liability Partnership holds 0.31% in Raytheon Company (NYSE:RTN) or 11,657 shares. Boston Ltd Liability invested in 7,822 shares. Artisan Prns Ltd Partnership reported 131,675 shares. Abner Herrman & Brock Lc holds 2.62% or 79,260 shares. Foster & Motley Incorporated reported 1,751 shares. Old Point Tru And Svcs N A has invested 4.3% in Raytheon Company (NYSE:RTN). Markston Intll invested in 2.21% or 115,365 shares. Hamilton Point Ltd Company stated it has 2.97% in Raytheon Company (NYSE:RTN). Uss Invest Mngmt Limited holds 1.06 million shares or 1.53% of its portfolio. 9,211 were accumulated by Hl Serv. Argent Trust owns 4,459 shares.

Since August 31, 2017, it had 0 insider purchases, and 11 sales for $22.12 million activity. $120,790 worth of stock was sold by Long Letitia A on Tuesday, January 2. 9,826 shares were sold by Jimenez Frank R, worth $2.12M on Tuesday, February 13. $1.84M worth of Raytheon Company (NYSE:RTN) was sold by Newsome Randa G. Wood Michael J had sold 3,989 shares worth $861,146 on Tuesday, February 13. 12,820 Raytheon Company (NYSE:RTN) shares with value of $2.77M were sold by WAJSGRAS DAVID C. Kennedy Thomas A sold $9.67 million worth of Raytheon Company (NYSE:RTN) on Tuesday, February 13.

The stock of Raytheon Company (NYSE:RTN) reached all time high today, Feb, 19 and still has $235.15 target or 8.00 % above today’s $217.73 share price. This indicates more upside for the $62.94B company. This technical setup was reported by Barchart.com. If the $235.15 PT is reached, the company will be worth $5.04 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.21% or $0.45 during the last trading session, reaching $217.73. About 1.51M shares traded. Raytheon Company (NYSE:RTN) has risen 24.03% since February 19, 2017 and is uptrending. It has outperformed by 7.33% the S&P500.

Raytheon Company (NYSE:RTN) Ratings Coverage

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 75 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Top Pick” rating on Friday, April 29 by RBC Capital Markets. Robert W. Baird maintained the shares of RTN in report on Thursday, August 10 with “Buy” rating. RBC Capital Markets maintained the shares of RTN in report on Monday, August 28 with “Buy” rating. The company was initiated on Tuesday, August 8 by Morgan Stanley. The stock of Raytheon Company (NYSE:RTN) has “Overweight” rating given on Monday, October 30 by JP Morgan. The rating was maintained by Cowen & Co with “Buy” on Thursday, August 10. As per Thursday, November 12, the company rating was upgraded by Argus Research. The stock of Raytheon Company (NYSE:RTN) earned “Buy” rating by Stifel Nicolaus on Monday, January 8. Cowen & Co maintained Raytheon Company (NYSE:RTN) rating on Monday, September 18. Cowen & Co has “Buy” rating and $189.0 target. Bank of America upgraded it to “Buy” rating and $120 target in Tuesday, July 28 report.

More important recent Raytheon Company (NYSE:RTN) news were published by: Reuters.com which released: “Raytheon says corporate tax cut set to boost future profits” on January 25, 2018, also Prnewswire.com published article titled: “Raytheon executives to speak at Cowen and Company 39th Annual Aerospace …”, Prnewswire.com published: “Raytheon Reports Strong Fourth Quarter and Full-Year 2017 Results” on January 25, 2018. More interesting news about Raytheon Company (NYSE:RTN) was released by: Fool.com and their article: “Why Raytheon Company, Lockheed Martin Corporation, and Northrop Grumman …” with publication date: February 06, 2018.

Raytheon Company develops technologically integrated products, services, and solutions worldwide. The company has market cap of $62.94 billion. It operates through five divisions: Integrated Defense Systems ; Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint. It has a 31.34 P/E ratio. The IDS segment provides integrated air and missile defense; land and sea radar solutions; command, control, communications, computers, cyber, and intelligence solutions; and naval combat and ship electronic systems.

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