Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 1.1%. By the end of trading, Raytheon Company rose $1.34 (1.6%) to $86.84 on average volume. Throughout the day, 1,764,871 shares of Raytheon Company exchanged hands as compared to its average daily volume of 1,670,300 shares. The stock ranged in a price between $85.83-$87.31 after having opened the day at $85.98 as compared to the previous trading day's close of $85.50. Other companies within the Aerospace/Defense industry that increased today were:
), up 5.8%,
), up 4.9%,
), up 4.2% and
), up 4.2%.
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Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $27.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. Shares are up 48.7% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Raytheon Company a buy, no analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Raytheon Company Ratings Report.
On the negative front,
), down 8.2%,
), down 5.2% and
), down 4.6%.
- Use our aerospace/defense section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider
) while those bearish on the aerospace/defense industry could consider
- Find other investment ideas from our top rated ETFs lists.