Company Update: Raytheon Co (NYSE:RTN) – Raytheon marks 20 years of Cooperative Engagement Capability deployment

[PR Newswire] – TEWKSBURY, Mass., Jan. 12, 2016 /PRNewswire/ — Raytheon Company (NYSE: RTN) has achieved a significant milestone, marking its 20 th year of Cooperative Engagement Capability deployment onboard U.S. Navy … Read more on this. Raytheon Company (RTN) , valued at $37.44B, started the session at $124.02. Looking at the stock, its one day range is $123.45 to $124.54 with the price of the stock fluctuating between $95.32 to $129.99 over the last 52 weeks. RTN shares are currently priced at 18.20x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.16x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.68 per share annually in dividends, yielding 2.20%. According to a consensus of 18 analysts, the earnings estimate of $1.79 per share would be $0.07 worse than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.69, which would be a $0.28 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.29 Billion. If reported, that would be a 2.44% increase over the year-ago quarter. More recently, Argus upgraded RTN from Hold to Buy (Nov 12, 2015). Previously, JP Morgan upgraded RTN from Neutral to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $136.25, which is 9.86% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Company Update: Raytheon Co (NYSE:RTN) – Raytheon recognizes 25 teachers for excellence in math and science Stock Update: Raytheon Co (NYSE:RTN) – Patriot Air and Missile Defense celebrates 50 years of innovation Company Update (NYSE:RTN): Missile Defense Agency, Raytheon demonstrate SM-6’s new anti-ballistic missile defense capability