Raytheon (RTN) Reaches New Lifetime High Today

Trade-Ideas LLC identified Raytheon (RTN) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Raytheon

(

RTN

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Raytheon as such a stock due to the following factors:

  • RTN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $382.4 million.
  • RTN has traded 17,214 shares today.
  • RTN is trading at a new lifetime high.

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More details on RTN:

Raytheon Company develops technologically integrated products, services, and solutions worldwide. It operates in five segments: Integrated Defense Systems (IDS); Intelligence, Information, and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint. The stock currently has a dividend yield of 2.1%. RTN has a PE ratio of 22. Currently there are 13 analysts that rate Raytheon a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Raytheon has been 2.0 million shares per day over the past 30 days. Raytheon has a market cap of $41.0 billion and is part of the industrial goods sector and aerospace/defense industry. The stock has a beta of 0.61 and a short float of 1.2% with 1.33 days to cover. Shares are up 10% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Raytheon as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • RTN's revenue growth has slightly outpaced the industry average of 0.6%. Since the same quarter one year prior, revenues slightly increased by 9.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The current debt-to-equity ratio, 0.53, is low and is below the industry average, implying that there has been successful management of debt levels.
  • Compared to its closing price of one year ago, RTN's share price has jumped by 39.80%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, RTN should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • Net operating cash flow has significantly increased by 482.14% to $326.00 million when compared to the same quarter last year. In addition, RAYTHEON CO has also vastly surpassed the industry average cash flow growth rate of -0.43%.

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