Market Update: Raytheon Co (NYSE:RTN) – Raytheon to start production of first multi-spectral targeting system with next-generation accuracy

[PR Newswire] – MCKINNEY, Texas, April 29, 2016 /PRNewswire/ — The U.S. Air Force awarded Raytheon Company (NYSE: RTN) a $90 million first-lot production contract for the next-generation Multi-Spectral Targeting System. … Read more on this. Raytheon Company (RTN) , currently valued at $37.38B, began trading this morning at $127.32. A quick look at the market, the company’s stock traded between $125.35 and $127.50 with a trailing 52-week range being $95.32 to $130.89. RTN shares are currently priced at 18.06x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.04x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.93 per share annually in dividends, yielding 2.29%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.59 per share, which would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $7.06 is a $0.30 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.90 Billion. If reported, that would be a 0.85% increase over the year-ago quarter. More recently, Guggenheim Initiated RTN at Buy (Apr 5, 2016). Previously, Argus upgraded RTN from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $140.82, which is 10.60% above where the stock 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 Company Update (NYSE:RTN): Raytheon team to deliver next-generation jet trainer Market Update: Raytheon Co (NYSE:RTN) – Raytheon partners with Totara Learning to offer flexible, innovative learning management technology and services