Economy

Deutsche Bank Upgrades Rating On Raytheon Company (RTN) To "Buy"

The stock decreased 0.49% or $0.2 on September 29, reaching $40.38. Barclays Capital downgraded Raytheon Company (NYSE:RTN) rating on Monday, November 30. National Pension Service now owns 248,655 shares of the aerospace company's stock valued at $39,892,000 after purchasing an additional 26,830 shares in the last quarter. Vanguard Group Inc. now owns 21,910,520 shares of the aerospace company's stock worth $3,341,355,000 after buying an additional 989,986 shares in the last quarter. Presidio Inc (PSDO) has $1.29B valuation. The aerospace business posted $1.89 Earnings per share for the period, reaching the Zacks' average forecast of $1.74 by $0.15. Webster Bank N.A. now owns 1,603 shares of the aerospace company's stock valued at $245,000 after acquiring an additional 210 shares during the period. MRC Global Inc (NYSE:MRC) has risen 52.93% since September 30, 2016 and is uptrending. It has outperformed by 7.33% the S&P500. It last reported revenues of $3.36 billion and EPS of $1.17 for the June 2017, representing 8% top-line growth and 1.05 EPS growth. Its down 0.15, from 1.27 in 2017Q1.

Other large investors have also modified their holdings of the company. 93 funds opened positions while 346 raised stakes. 208.75 million shares or 1.40% less from 211.71 million shares in 2017Q1 were reported. 191 were accumulated by Arcadia Investment Corporation Mi. Pittenger And Anderson Inc holds 0.46% or 30,030 shares in its portfolio.

Shares of Viacom, Inc. Barnett Incorporated has invested 0.03% in Raytheon Company (NYSE:RTN). Raymond James Assocs accumulated 496,672 shares. Whittier Trust reported 13,298 shares or 0.08% of all its holdings. It dropped, as 43 investors sold Raytheon Company shares while 348 reduced holdings. Ontario - Canada-based Td Asset Management has invested 0.07% in Raytheon Company (NYSE:RTN). Heritage Invsts Management invested in 0.17% or 15,364 shares. Wealthfront holds 0.04% or 15,841 shares. Centre Asset Management Ltd Liability has invested 1.86% in Raytheon Company (NYSE:RTN). Vetr cut shares of Raytheon from a "buy" rating to a "hold" rating and set a $187.08 target price for the company.in a research note on Tuesday, August 15th. Therefore 78% are positive. The aerospace company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.15. The stock of Raytheon Company (NYSE:RTN) has "Buy" rating given on Friday, June 23 by Jefferies. Massmutual Trust Co. FSB ADV bought a new position in shares of Raytheon Company during the fourth quarter worth $120,000. As per Thursday, July 27, the company rating was maintained by Cowen & Co. Buckingham analysis raised their price objective on Raytheon from $190.00 to $199.00 and issued the shares a "buy" recommendation in a analysis report on Friday morning, Aug 11th. Finally, Credit Suisse Group AG reiterated a "buy" rating and set a $170.00 price objective on shares of Raytheon Company in a research note on Friday, March 31st. The rating was maintained by Stifel Nicolaus with "Buy" on Friday, July 14. Vanguard Bd Index Fd Inc (BSV) was raised too.

Raytheon (NYSE:RTN) previously disclosed its earnings report on Early Thur, Jul 27th. RTN's profit will be $545.62M for 24.81 P/E if the $1.88 EPS becomes a reality. Another trade for 2,756 shares valued at $446,577 was made by Lawrence Taylor W on Monday, June 5. In the last three months, insiders sold 5,120 shares of company stock worth $930,651. Wood Michael J had sold 1,442 shares worth $235,017. Shares for $164,731 were sold by Kremer Wesley D on Tuesday, May 30.

Investors sentiment decreased to 1.02 in 2017 Q2. Its down 0.06, from 1.08 in 2017Q1. 71 funds opened positions while 297 raised stakes. Millennium Mgmt Ltd Liability Com invested 0.03% of its portfolio in General Motors Company (NYSE:GM). Country Tru Bancorporation holds 0% or 89 shares. 50,000 were accumulated by Mayo Inv Advisers Llc. Old Bankshares In reported 17,131 shares. Highlander Management Limited Liability Co accumulated 200 shares. Thrivent For Lutherans has invested 0.09% of its portfolio in MRC Global Inc (NYSE:MRC). Blair William & Il holds 130,558 shares or 0.03% of its portfolio. Breton Hill Cap Limited stated it has 6,583 shares or 0.2% of all its holdings. Sterling Limited Liability Com invested in 63,327 shares. Klingenstein Fields Ltd Liability owns 246,602 shares for 1.56% of their portfolio. Morgan Stanley now owns 4,491,454 shares of the aerospace company's stock worth $684,945,000 after buying an additional 302,274 shares in the last quarter. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. General Motors Company had 61 analyst reports since July 24, 2015 according to SRatingsIntel. Citigroup maintained the shares of GM in report on Monday, May 16 with "Buy" rating. The rating was maintained by Robert W. Baird on Friday, September 8 with "Hold". The stock has "Outperform" rating by RBC Capital Markets on Thursday, January 12. KeyBanc Capital Markets initiated the shares of MRC in report on Friday, December 18 with "Sector Weight" rating.



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