Raytheon Co (NYSE:RTN) Stock Price While Sentiment Worsens

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Sentiment for Raytheon Co (NYSE:RTN)

Raytheon Co (NYSE:RTN) institutional sentiment decreased to 1.06 in 2019 Q2. Its down -0.40, from 1.46 in 2019Q1. The ratio fall, as 446 investment managers increased or opened new stock positions, while 419 decreased and sold their holdings in Raytheon Co. The investment managers in our partner’s database reported: 194.19 million shares, down from 198.48 million shares in 2019Q1. Also, the number of investment managers holding Raytheon Co in their top 10 stock positions decreased from 17 to 14 for a decrease of 3. Sold All: 67 Reduced: 352 Increased: 340 New Position: 106.

Raytheon Company develops technologically integrated products, services, and solutions worldwide. The company has market cap of $55.34 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 18.31 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.

The stock increased 0.64% or $1.27 during the last trading session, reaching $198.72. About 1.70M shares traded. Raytheon Company (NYSE:RTN) has declined 5.76% since September 13, 2018 and is downtrending. It has underperformed by 5.76% the S&P500.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on October, 24. They expect $2.86 EPS, up 27.11 % or $0.61 from last year’s $2.25 per share. RTN’s profit will be $796.49 million for 17.37 P/E if the $2.86 EPS becomes a reality. After $2.92 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts -2.05 % negative EPS growth.

Oakmont Corp holds 6.59% of its portfolio in Raytheon Company for 249,576 shares. Soroban Capital Partners Lp owns 1.61 million shares or 4.21% of their US portfolio. Moreover, Mu Investments Co. Ltd. has 3.84% invested in the company for 34,700 shares. The Michigan-based Lafleur & Godfrey Llc has invested 3.79% in the stock. Old Point Trust & Financial Services N A, a Virginia-based fund reported 42,505 shares.

Raytheon Company (NYSE:RTN) Ratings Coverage

Ratings analysis reveals 25% of Raytheon’s analysts are positive. Out of 4 Wall Street analysts rating Raytheon, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $19500 while the high is $21800. The stock’s average target of $204 is 2.66% above today’s ($198.72) share price. RTN was included in 5 notes of analysts from April 3, 2019. Stifel Nicolaus maintained the shares of RTN in report on Monday, June 10 with “Buy” rating. The company was downgraded on Wednesday, April 3 by UBS. Vertical Research downgraded Raytheon Company (NYSE:RTN) on Tuesday, June 11 to “Hold” rating. As per Monday, June 24, the company rating was downgraded by Buckingham Research.

More notable recent Raytheon Company (NYSE:RTN) news were published by: Seekingalpha.com which released: “Javelin missiles remotely launched from unmanned vehicle – Seeking Alpha” on September 10, 2019, also Bizjournals.com with their article: “Raytheon, McKinney finalizing incentive agreement for new factory – Dallas Business Journal” published on August 23, 2019, Streetinsider.com published: “Raytheon (RTN), Hanwha Systems partner to upgrade Identification Friend or Foe systems – StreetInsider.com” on September 10, 2019. More interesting news about Raytheon Company (NYSE:RTN) were released by: Prnewswire.com and their article: “Raytheon delivering wireless TOW missiles to US Army – PRNewswire” published on August 21, 2019 as well as Seekingalpha.com‘s news article titled: “Raytheon Company (RTN) Presents at Morgan Stanley 7th Annual Laguna Conference (Transcript) – Seeking Alpha” with publication date: September 12, 2019.

Raytheon Company (NYSE:RTN) Institutional Positions Chart

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