Reaffirmed: Raytheon (NYSE:RTN) Equal-Weight Rating Kept by Barclays; $195 Target in Place

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Investors sentiment increased to 1.01 in Q2 2018. Its up 0.03, from 0.98 in 2018Q1. It is positive, as 63 investors sold Raytheon Company shares while 379 reduced holdings. 108 funds opened positions while 337 raised stakes. 200.87 million shares or 0.11% less from 201.09 million shares in 2018Q1 were reported.

Georgia-based Tnb Finance has invested 0.21% in Raytheon Company (NYSE:RTN). Kentucky Retirement Insur Fund holds 0.25% or 5,410 shares in its portfolio. Fmr Ltd Com stated it has 8.24 million shares. Meyer Handelman owns 12,362 shares. Kessler Grp holds 298 shares. Washington Tru Com holds 0.04% of its portfolio in Raytheon Company (NYSE:RTN) for 4,296 shares. Tru Of Vermont holds 0.18% in Raytheon Company (NYSE:RTN) or 10,572 shares. Palisade Mngmt Ltd Liability Nj, New Jersey-based fund reported 58,743 shares. Barry Investment Advsrs Ltd Liability Corporation reported 0.11% in Raytheon Company (NYSE:RTN). Dakota Wealth reported 3,822 shares. Green Square Cap Lc owns 1,757 shares. Northstar Grp Inc holds 0.38% or 3,911 shares. Mgmt Limited Liability Company holds 1.41% or 106,232 shares in its portfolio. Fort Point Prtnrs Ltd Liability Corp invested in 0.09% or 1,408 shares. Blue Financial Cap owns 14,395 shares for 1.48% of their portfolio.

Since August 30, 2018, it had 0 insider purchases, and 1 sale for $657,854 activity.

Raytheon (NYSE:RTN) Rating Reaffirmed

The financial company has just set a target price per share of $195 on Raytheon (NYSE:RTN) shares. This is 17.70 % from the current price. In a research report shared with investors and clients on Tuesday morning, Barclays maintained their Equal-Weight rating on shares of RTN.

Raytheon Company (NYSE:RTN) Ratings Coverage

Among 4 analysts covering Raytheon (NYSE:RTN), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Raytheon has $250 highest and $215 lowest target. $229’s average target is 38.22% above currents $165.68 stock price. Raytheon had 5 analyst reports since July 12, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, November 14. Wells Fargo maintained Raytheon Company (NYSE:RTN) rating on Friday, October 26. Wells Fargo has “Outperform” rating and $215 target. The rating was maintained by Morgan Stanley on Thursday, July 12 with “Overweight”. As per Friday, July 27, the company rating was maintained by Stifel Nicolaus.

The stock decreased 4.16% or $7.19 during the last trading session, reaching $165.68. About 3.22M shares traded or 79.20% up from the average. Raytheon Company (NYSE:RTN) has risen 8.68% since December 4, 2017 and is uptrending. It has underperformed by 6.94% the S&P500.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on January, 24. They expect $2.88 earnings per share, up 41.87 % or $0.85 from last year’s $2.03 per share. RTN’s profit will be $819.59M for 14.38 P/E if the $2.88 EPS becomes a reality. After $2.25 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts 28.00 % EPS growth.

Raytheon Company develops technologically integrated products, services, and solutions worldwide. The company has market cap of $47.15 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 19.33 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.

More notable recent Raytheon Company (NYSE:RTN) news were published by: Seekingalpha.com which released: “Time To Buy Raytheon – Seeking Alpha” on November 21, 2018, also Seekingalpha.com with their article: “After The Recent Pullback, Raytheon Is A Buy – Seeking Alpha” published on November 06, 2018, Seekingalpha.com published: “CIA findings may spell U.S.-Saudi trouble – Seeking Alpha” on November 17, 2018. More interesting news about Raytheon Company (NYSE:RTN) were released by: Fool.com and their article: “3 Top Defense Stocks to Watch in November – The Motley Fool” published on November 17, 2018 as well as Fool.com‘s news article titled: “Lawmakers Are Urged to Boost Military Spending or Face Dire Consequences – The Motley Fool” with publication date: November 25, 2018.

Raytheon Company (NYSE:RTN) Institutional Positions Chart

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