Somewhat Positive News Coverage Somewhat Unlikely to Affect Raytheon (RTN) Stock Price
Media coverage about Raytheon (NYSE:RTN) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Raytheon earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the aerospace company an impact score of 46.5532826954579 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- Dynetics, Raytheon chase HEL TVD prize (janes.com)
- Cramer throws out this tech stock to diversify portfolio (finance.yahoo.com)
- Raytheon to provide laser-guided Paveway smart munitions in $110 million 10-year contract (militaryaerospace.com)
- Raytheon, Northrop AESA radars pass F/A-18 ‘fit check’ in prelude to possible new USMC program (insidedefense.com)
- Raytheon (RTN) Now Covered by Analysts at UBS Group (americanbankingnews.com)
Shares of RTN opened at $199.09 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.61. The firm has a market capitalization of $56.01 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.50 and a beta of 0.64. Raytheon has a 1 year low of $175.26 and a 1 year high of $229.75.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 2nd. Shareholders of record on Wednesday, July 11th were given a dividend of $0.8675 per share. The ex-dividend date was Tuesday, July 10th. This represents a $3.47 annualized dividend and a dividend yield of 1.74%. Raytheon’s payout ratio is currently 45.54%.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $240.00 price objective on the stock in a research note on Tuesday, June 12th. Stifel Nicolaus dropped their price objective on shares of Raytheon from $235.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. UBS Group assumed coverage on shares of Raytheon in a research note on Wednesday. They issued a “buy” rating and a $250.00 price objective on the stock. ValuEngine cut shares of Raytheon from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $219.00 price objective (down from $250.00) on shares of Raytheon in a research note on Tuesday, May 22nd. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Raytheon currently has an average rating of “Buy” and an average price target of $222.23.
In other Raytheon news, Director Vernon E. Clark sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $212.52, for a total transaction of $212,520.00. Following the sale, the director now directly owns 6,588 shares in the company, valued at approximately $1,400,081.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Taylor W. Lawrence sold 1,241 shares of the business’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $212.14, for a total transaction of $263,265.74. Following the sale, the vice president now owns 46,999 shares in the company, valued at $9,970,367.86. The disclosure for this sale can be found here. Insiders have sold a total of 2,862 shares of company stock worth $607,518 over the last 90 days. Insiders own 0.19% of the company’s stock.
Raytheon Company develops integrated products, services, and solutions for defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.
Featured Article: Investing in Growth Stocks
Receive News & Ratings for Raytheon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon and related companies with MarketBeat.com's FREE daily email newsletter.