Stock Update (NYSE:RTN): Raytheon BBN Technologies Advances in Office of Naval Research STEM Grand Challenge

[PR Newswire] – CAMBRIDGE, Mass., Jan. 13, 2016 /PRNewswire/ — Raytheon BBN Technologies will advance to the second phase in the Office of Naval Research (ONR) Science, Technology, Engineering, and Mathematics (STEM) Grand Challenge, a competition to develop adaptive intelligent tutors. Raytheon BBN’s entry, the BBN Learning Platform, uses artificial intelligence and self-paced problem solving to teach high school advanced placement (AP) physics. Read more on this. Raytheon Company (RTN) , valued at $36.53B, started trading this morning at $125.50. Looking at the stock, its one day range is $121.12 to $125.53 with the price of the stock fluctuating between $95.32 to $129.99 over the last 52 weeks. RTN shares are currently priced at 18.67x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.16x earnings multiple. The company pays shareholders $2.68 per share annually in dividends, yielding 2.20%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.79 per share, which would be $0.07 worse than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $6.69 is a $0.28 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.29 Billion. If realized, that would be a 2.44% increase over the year-ago quarter. In terms of ratings, Argus upgraded RTN from Hold to Buy (Nov 12, 2015). Previously, JP Morgan upgraded RTN from Neutral to Overweight. The average price target for RTN shares is $136.25, which is 8.57% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Stock Update: Raytheon Co (NYSE:RTN) – Raytheon unveils next-gen TOW EagleFire launcher Stock Update: Raytheon Co (NYSE:RTN) – NASA extends Raytheon contract for facilities that support human spaceflight Stock Update: Raytheon Co (NYSE:RTN) – Raytheon CEO says hopeful about Congress reversing budget cuts