.png "Raytheon (NYSE: RTN)")
After Wolfe Research and Jefferies gave Raytheon (NYSE: RTN) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Cai Rumohr maintained a Buy rating on Raytheon today and set a price target of $215. The company’s shares closed yesterday at $180.53.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 14.1% and a 70.3% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Raytheon with a $208.20 average price target.
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Raytheon’s market cap is currently $50.57B and has a P/E ratio of 16.84. The company has a Price to Book ratio of 4.32.
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Raytheon Co. is engaged in the development and manufacture of defense and security solutions. It operates through the following segments: Integrated Defense Systems; Intelligence, Information, and Services (IIS); Missile Systems; Space and Airborne Systems (SAS); Forcepoint.
