Raytheon Reaches New 52-Week High (RTN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Raytheon Company (NYSE: RTN) hit a new 52-week high Tuesday as it is currently trading at $58.85, above its previous 52-week high of $58.70 with 590,477 shares traded as of 12:51 p.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Raytheon has a market cap of $18.96 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 20.2% year to date as of the close of trading on Monday.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. The company has a P/E ratio of 9.8, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Raytheon as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Raytheon Ratings Report.

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