Raytheon Company (NYSE:RTN) has received an “A-” credit rating from Morningstar. The investment research firm’s “A-” rating suggests that the company is a low default risk. They also gave their stock a three star rating.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Raytheon Company from a “sell” rating to a “hold” rating in a research report on Friday, October 23rd. RBC Capital restated a “top pick” rating and issued a $147.00 target price (down previously from $149.00) on shares of Raytheon Company in a research report on Friday. Stifel Nicolaus raised their target price on Raytheon Company from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday. Jefferies Group raised their target price on Raytheon Company from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday. Finally, Vetr downgraded Raytheon Company from a “buy” rating to a “hold” rating and set a $128.19 target price on the stock. in a research report on Tuesday, November 17th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $137.58.

In related news, VP Richard R. Yuse sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 21st. The stock was sold at an average price of $125.98, for a total value of $1,259,800.00. Following the sale, the vice president now owns 38,183 shares in the company, valued at approximately $4,810,294.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Other large investors recently made changes to their positions in the company. Park National bought a new stake in shares of Raytheon Company during the fourth quarter worth approximately $244,000. EQIS Capital Management bought a new stake in shares of Raytheon Company during the fourth quarter worth approximately $409,000. Ken Stern & Associates boosted its stake in shares of Raytheon Company by 21.4% in the third quarter. Ken Stern & Associates now owns 4,104 shares of the company’s stock worth $448,000 after buying an additional 724 shares during the period. Terra Nova Asset Management boosted its stake in shares of Raytheon Company by 51.7% in the third quarter. Terra Nova Asset Management now owns 16,590 shares of the company’s stock worth $1,813,000 after buying an additional 5,655 shares during the period. Finally, Chelsea Counsel Company boosted its stake in shares of Raytheon Company by 2.0% in the third quarter. Chelsea Counsel Company now owns 49,906 shares of the company’s stock worth $5,452,000 after buying an additional 1,000 shares during the period.

Shares of Raytheon Company (NYSE:RTN) opened at 128.24 on Monday. Raytheon Company has a 52 week low of $95.32 and a 52 week high of $129.99. The firm has a market capitalization of $38.68 billion and a PE ratio of 18.88. The stock has a 50 day moving average price of $123.67 and a 200-day moving average price of $114.46.

Raytheon Company (NYSE:RTN) last released its quarterly earnings results on Thursday, January 28th. The company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. During the same quarter in the prior year, the company earned $1.86 EPS. The firm earned $6.30 billion during the quarter, compared to analyst estimates of $6.29 billion. The business’s revenue was up 3.0% on a year-over-year basis. Equities analysts anticipate that Raytheon Company will post $7.07 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 4th. Investors of record on Wednesday, January 6th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Monday, January 4th.

Raytheon Company, together with its subsidiaries, is a technology Company that specializes in defense and other Government markets. The Company develops products, services and solutions in markets: sensing; effects; command, control, communications and intelligence (NYSE:RTN); and mission support, as well as cyber and information security. The Company operates in four segments: Integrated Defense Systems (IDS); Intelligence, Information and Services; Missile Systems, and Space and Airborne Systems. The Company serves both domestic and international customers, as both a prime contractor and subcontractor on a portfolio of defense and related programs primarily for Government customers. The Company’s products include Global Integrated Sensors, Integrated Air & Missile Defense, Cybersecurity and Special Missions, Global Training Solutions, Land Warfare Systems, Advanced Missile Systems, Tactical Airborne Systems, Advanced Missile Systems and Electronic Warfare Systems.

12 Month Chart for NYSE:RTN

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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