Raytheon Company (NYSE:RTN) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 17, 2016
Yesterday Raytheon Company (NYSE:RTN) traded -0.04% lower at $137.36. The company’s 50-day moving average is $138.18 and its 200-day moving average is $134.88. The last stock close price is up 1.78% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,133,924 shares of the stock were exchanged, down from an average trading volume of 1,533,840
Zacks Investment Research has downgraded Raytheon Company (NYSE:RTN) to Sell in a report released on Monday October 17, 2016.
Previously on 10/6/2016, Robert W. Baird reported about Raytheon Company (NYSE:RTN) raised the target price from $0.00 to $170.00. At the time, this indicated a possible upside of 0.24%.
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Raytheon Company has a 52 week low of $111.60 and a 52 week high of $143.39 with a P/E ratio of 19.18 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 17 firms have reported on the stock. The consensus target price is $141.47 with 10 firms rating the stock a strong buy, 6 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Raytheon Company (NYSE:RTN)
Raytheon Company (Raytheon), together with its subsidiaries, is a technology company. The Company 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. It operates in five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS), and Forcepoint. Its IDS's product lines include Mission Systems and Sensors (MSS), and Integrated Air and Missile Defense (IAMD). Its IIS's product lines include Cybersecurity and Special Missions (CSM), and Global Training Solutions (GTS). Its MS's product lines include Air Warfare Systems (AWS), and Air and Missile Defense Systems (AMDS). Its SAS's product lines include Intelligence, Surveillance and Reconnaissance Systems (ISRS), and Secure Sensor Solutions (SSS).
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