Goldman Sachs Lowers Raytheon Company to Sell (RTN)

By admin | 6 years ago

Raytheon Company (NYSE: RTN) was downgraded by equities research analysts at Goldman Sachs (NYSE: GS) from a “neutral” rating to a “sell” rating in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Raytheon Company from $45.00 to $51.00 in a research note to investors on Wednesday, April 11st. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital (NYSE: RY) upgraded shares of Raytheon Company from an “average” rating to an “outperform” rating in a research note to investors on Friday, March 30th. They noted that the move was a valuation call. Finally, analysts at RBC Capital (NYSE: RY) downgraded shares of Raytheon Company from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, March 30th. They now have a $53.00 price target on the stock.

Raytheon Company traded up 0.10% on Thursday, hitting $49.97. Raytheon Company has a 52-week low of $38.35 and a 52-week high of $54.69. The company has a market cap of $16.657 billion and a price-to-earnings ratio of 9.15.

Raytheon Company last posted its quarterly earnings results on Thursday, April 26th. The company reported $1.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.28. Raytheon Company’s revenue was down 1.9% compared to the same quarter last year. Analysts expect that Raytheon Company will post $1.28 EPS next quarter.

Raytheon Company, together with its subsidiaries, develops products, services and solutions in defense markets; sensing, effects, command, control, communications and intelligence (C3I), and mission support, as well as the cybersecurity and homeland security markets.

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