Stock Update: Raytheon Co (NYSE:RTN) – NASA recognizes Raytheon for small business support

[PR Newswire] – JOHNSON SPACE CENTER, Texas, Jan. 22, 2016 /PRNewswire/ — The National Aeronautics and Space Administration has selected Raytheon Company (RTN) as the 2015 Large Business Prime Contractor of the Year at the Johnson Space Center. NASA honored the company for its high-tech execution of partnerships with small businesses in its contract supporting human spaceflight at JSC. NASA’s Office of Small Business Programs announced the recognition, part of the Small Business Industry Awards. Read more on this. Raytheon Company (RTN) , valued at $35.72B, began trading this morning at $118.70. Today’s price range has been between $117.32 and $119.17 per share with its 52-week range being $95.32 to $129.99. RTN shares are currently priced at 17.53x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 44.35x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.68 per share annually in dividends, yielding 2.22%. According to a consensus of 18 analysts, the earnings estimate of $1.81 per share would be $0.05 worse than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $6.71 which would be a $0.26 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.30 Billion. If realized, that would be a 2.61% 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. When considering if perhaps the stock is under or overvalued, the average price target is $136.63, which is 15.11% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Company Update: Raytheon Co (NYSE:RTN) – Raytheon recognizes 25 teachers for excellence in math and science Stock Update: Raytheon Co (NYSE:RTN) – NASA extends Raytheon contract for facilities that support human spaceflight Stock Update: Raytheon Co (NYSE:RTN) – U.S. Special Operations Command Taps Raytheon for Mission Support