Stock Update (NYSE:RTN): U.S. Navy awards Raytheon up to $104 million for long-range radar operations

[PR Newswire] – CHESAPEAKE, Va., April 26, 2016 /PRNewswire/ — The U.S. Navy’s Naval Supply Systems Command (NAVSUP) has awarded Raytheon Company (NYSE: RTN) up to $104 million to conduct operations and maintenance for … Read more on this. Raytheon Company (RTN) , currently valued at $37.73B, started trading this morning at $125.75. Looking at the stock, its one day range is $125.26 to $127.18 with the price of the stock fluctuating between $95.32 to $129.99 over the last 52 weeks. Raytheon (RTN) shares are currently priced at 17.85x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.21x earnings multiple for the same period. And for income investors, the company pays shareholders $2.93 per share annually in dividends, yielding 2.32%. According to a consensus of 19 analysts, the earnings estimate of $1.38 per share would be $0.41 worse than the year-ago quarter and a $0.20 sequential decrease. The full-year EPS estimate is $7.03 which would be a $0.27 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.46 Billion. If realized, that would be a 3.21% increase over the year-ago quarter. In terms of ratings, Guggenheim Initiated RTN at Buy (Apr 5, 2016). Previously, Argus upgraded RTN from Hold to Buy. Given all the information above, we should disclose to readers that the average price target is $140.82, which is 11.98% above than it opened this morning. See more in (NYSE:RTN) Similar Articles: Stock Update (NYSE:RTN): The U.S. Navy awards Raytheon $1B Next Generation Jammer Engineering and Manufacturing Development contract Stock Update: Raytheon Co (NYSE:RTN) – US Army awards Raytheon, DRS $56 million to develop next-gen infrared night vision Stock Update (NYSE:RTN): National Science Foundation awards Raytheon $8 million to continue building the future Internet