Market Runner: Time to Buy Raytheon Company After Today’s Huge Increase?

Market Runner: Time to Buy Raytheon Company After Today's Huge Increase?

The stock of Raytheon Company (NYSE:RTN) is a huge mover today! About 572,310 shares traded hands. Raytheon Company (NYSE:RTN) has risen 16.14% since April 26, 2016 and is uptrending. It has outperformed by 10.88% the S&P500.
The move comes after 6 months positive chart setup for the $44.37B company. It was reported on Nov, 29 by Barchart.com. We have $161.30 PT which if reached, will make NYSE:RTN worth $3.11 billion more.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on January, 26. They expect $1.86 earnings per share, down 3.63% or $0.07 from last year’s $1.93 per share. RTN’s profit will be $547.45M for 20.26 P/E if the $1.86 EPS becomes a reality. After $1.79 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts 3.91% EPS growth.

Raytheon Company (NYSE:RTN) Ratings Coverage

Out of 14 analysts covering Raytheon Company (NYSE:RTN), 10 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 71% are positive. Raytheon Company has been the topic of 30 analyst reports since July 28, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of RTN in a report on Friday, April 29 with “Top Pick” rating. The rating was upgraded by Zacks to “Sell” on Monday, August 24. The firm has “Overweight” rating given on Monday, October 12 by JP Morgan. On Thursday, September 17 the stock rating was upgraded by RBC Capital Markets to “Top Pick”. The firm has “Buy” rating by Stifel Nicolaus given on Friday, October 23. The rating was upgraded by Argus Research on Thursday, November 12 to “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, January 29 report. The stock of Raytheon Company (NYSE:RTN) earned “Buy” rating by UBS on Tuesday, September 29. Barclays Capital downgraded the shares of RTN in a report on Monday, November 30 to “Equal-Weight” rating. The stock of Raytheon Company (NYSE:RTN) earned “Hold” rating by Deutsche Bank on Friday, October 28.

According to Zacks Investment Research, “Raytheon Company is a global technology company. The company provides products and services in the areas of defense and commercial electronics, engineering and construction, and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in numerous countries around the world.”

Insitutional Activity: The institutional sentiment decreased to 1.2 in Q2 2016. Its down 0.02, from 1.22 in 2016Q1. The ratio is negative, as 59 funds sold all Raytheon Company shares owned while 295 reduced positions. 92 funds bought stakes while 341 increased positions. They now own 226.41 million shares or 4.12% less from 236.13 million shares in 2016Q1.
Neuberger Berman Limited Liability Com last reported 947,363 shares in the company. Usca Ria Lc holds 0.09% of its portfolio in Raytheon Company (NYSE:RTN) for 3,940 shares. Assetmark Incorporated has 0% invested in the company for 1,196 shares. Hanson And Doremus Inv Mngmt holds 595 shares or 0.04% of its portfolio. Herndon Mgmt Ltd Co holds 27 shares or 0% of its portfolio. Callahan Limited Company has 0.11% invested in the company for 3,000 shares. Kj Harrison & Partners has invested 0.58% of its portfolio in Raytheon Company (NYSE:RTN). Fishman Jay A Ltd Mi accumulated 36,457 shares or 0% of the stock. Osborn Rohs Williams And Donohoe Limited accumulated 0.05% or 1,751 shares. Moreover, Baring Asset Mngmt Ltd has 0.8% invested in Raytheon Company (NYSE:RTN) for 72,605 shares. The Massachusetts-based Cambridge has invested 0.12% in Raytheon Company (NYSE:RTN). Moreover, Highbridge Mngmt has 0.03% invested in Raytheon Company (NYSE:RTN) for 13,205 shares. Washington Tru holds 0.03% or 3,585 shares in its portfolio. The Massachusetts-based Baldwin Brothers Inc Ma has invested 0.01% in Raytheon Company (NYSE:RTN). Monetary Mngmt Grp holds 0.08% of its portfolio in Raytheon Company (NYSE:RTN) for 1,245 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 7 insider sales for $4.41 million net activity. Lawrence Taylor W sold 4,336 shares worth $580,167. 1,238 shares were sold by O’Brien Anthony F, worth $165,087. The insider Kennedy Thomas A sold $1.85M. Another trade for 2,582 shares valued at $344,310 was sold by Wood Michael J. Clark Vernon E had sold 2,540 shares worth $358,160. RHOADS REBECCA R sold $639,696 worth of stock or 4,781 shares.

More important recent Raytheon Company (NYSE:RTN) news were published by: Investorplace.com which released: “Trade of the Day: Raytheon Company (RTN) Stock on Target” on November 17, 2016, also Prnewswire.com published article titled: “Raytheon executives to speak at Credit Suisse 4th Annual Industrials …”, Seekingalpha.com published: “Things You Should Know Before You Buy Raytheon” on November 14, 2016. More interesting news about Raytheon Company (NYSE:RTN) was released by: Prnewswire.com and their article: “Raytheon plans Southern Arizona expansion” with publication date: November 18, 2016.

RTN Company Profile

Raytheon Company (Raytheon), incorporated on December 17, 1953, together with its subsidiaries, is a technology company, which specializes in defense and other government markets. The Firm develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity. The Firm operates in five divisions: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS), and Forcepoint. The Company’s subsidiaries include Raytheon Systems Limited (RSL) and Raytheon Australia (RA).

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