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Stock Update (NYSE:RTN): Raytheon Company Appoints Kevin Neifert CIO

[PR Newswire] – Neifert, 54, most recently served as CIO of Raytheon’s Integrated Defense Systems. Neifert will report directly to Rebecca Rhoads as part of Raytheon’s Global Business Services team. Rhoads will continue to serve as president, Global Business Services, Raytheon Company. Read more on this. Raytheon Company (RTN) , with a current value of $38.72B, opened this morning at $127.97. A quick look at the market, the company’s stock traded between $125.60 and $130.00 with the price of the stock fluctuating between $95.32 to $130.00 over the last 52 weeks. Priced at 19.15x this year’s forecasted earnings, RTN shares are relatively inexpensive compared to the industry’s 36.33x forward p/e ratio. And for passive income investors, the company pays shareholders $2.68 per share annually in dividends, yielding 2.12%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.78 per share, which would be $0.08 worse than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.68 is a $0.29 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.29 Billion. If reported, that would be a 2.44% increase over the year-ago quarter. Recently, BofA/Merrill upgraded RTN from Neutral to Buy (Jul 28, 2015). Previously, JP Morgan Initiated RTN at to Neutral. When considering if the stock is under or overvalued, the average price target is $133.75, which is 4.52% 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 Market Update (NYSE:RTN): Raytheon Company appoints Wesley D. Kremer President, Integrated Defense Systems Stock Update: Raytheon Co (NYSE:RTN) – Raytheon CEO says hopeful about Congress reversing budget cuts
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