News coverage about Raytheon (NYSE:RTN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Raytheon earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 45.9803838221254 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Aerospace & Defense Stock Roundup: RTN, NOC Win Deals, EADSY Sees Record Orders – Nasdaq (nasdaq.com)
- Barrow Neurological Institute, IBM, MDSL and Raytheon Executives Elected to Arizona Technology Council’s Board of Directors (markets.financialcontent.com)
- Raytheon awarded $641M for ballistic missile defense system testing (upi.com)
- Raytheon (RTN) Scheduled to Post Earnings on Thursday (americanbankingnews.com)
Shares of Raytheon (RTN) traded up $0.97 during midday trading on Friday, hitting $196.68. 1,226,221 shares of the company traded hands, compared to its average volume of 1,230,000. Raytheon has a one year low of $141.28 and a one year high of $199.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.55. The stock has a market capitalization of $56,860.00, a PE ratio of 26.47, a P/E/G ratio of 2.66 and a beta of 0.58.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 3rd will be given a dividend of $0.7975 per share. This represents a $3.19 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, January 2nd. Raytheon’s dividend payout ratio is currently 42.93%.
Raytheon declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 15th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
RTN has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $215.00 price objective (up from $192.00) on shares of Raytheon in a research note on Monday, October 9th. Bank of America set a $220.00 price objective on shares of Raytheon and gave the company a “buy” rating in a research note on Friday, October 27th. Royal Bank of Canada set a $225.00 price objective on shares of Raytheon and gave the company a “buy” rating in a research note on Thursday, November 16th. Buckingham Research upped their price objective on shares of Raytheon from $199.00 to $204.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Finally, Wells Fargo & Co lowered their price objective on shares of Raytheon from $200.00 to $195.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Raytheon presently has an average rating of “Buy” and a consensus price target of $204.12.
In related news, VP Frank R. Jimenez sold 175 shares of the business’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $189.13, for a total transaction of $33,097.75. Following the transaction, the vice president now owns 28,311 shares in the company, valued at $5,354,459.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen J. Hadley sold 800 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $190.27, for a total transaction of $152,216.00. Following the transaction, the director now owns 11,360 shares in the company, valued at approximately $2,161,467.20. The disclosure for this sale can be found here. Insiders have sold 1,895 shares of company stock worth $357,215 in the last quarter. 0.19% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: This news story was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://stocknewstimes.com/2018/01/20/raytheon-rtn-earning-somewhat-positive-news-coverage-analysis-finds.html.
Raytheon Company Profile
Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.
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.