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 Thursday as it is currently trading at $62.66, above its previous 52-week high of $62.33 with 1.1 million shares traded as of 2:41 p.m. ET. Average volume has been two million shares over the past 30 days.

Raytheon has a market cap of $19.92 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 7.1% year to date as of the close of trading on Wednesday.

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 10.6, 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 increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Raytheon Ratings Report.

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