|Bid||176.00 x 1800|
|Ask||177.45 x 1300|
|Day's Range||176.03 - 179.70|
|52 Week Range||144.27 - 210.89|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||16.54|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||3.77 (2.16%)|
|1y Target Est||209.41|
Raytheon Co NYSE:RTNView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for RTN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting RTN. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold RTN had net inflows of $9.20 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. RTN credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
United Technologies’ push to simplify is being aborted, and Raytheon isn’t getting a premium. But both stocks trade at a discount to peers.
NEW YORK , June 14, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
Market participants in search of an adrenaline rush were likely left disappointed today. The major U.S. equity benchmarks meandered for most of the day, resulting in slightly lower finishes by the time the closing bell rang.Source: Shutterstock The Nasdaq Composite was the worst offender (we'll get to that in a minute), shedding 0.52% while the S&P 500 lost 0.16%. The Dow Jones Industrial Average slipped 0.07%.The tech-heavy Nasdaq was Friday's dog among the major indexes due in large part to awful guidance from semiconductor maker Broadcom Inc. (NASDAQ:AVGO). Semiconductor stocks have been one of the epicenters of the U.S./China trade war and has been noted here, that trade war is expected to have some ill effects on second-quarter results. Broadcom proves as much.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company slashed its 2019 revenue forecast "to $22.5 billion, from $24.5 billion and lowered its outlook for capital spending to $500 million, from $550 million," according to Barron's.Shares of Broadcom slumped 5.6% today, spurring a slew of negative action by sell-side analysts. Intel (NASDAQ:INTC) is the only semiconductor maker in the Dow Jones, and its shares slid 1.1% Friday in response to the weakness in Broadcom. The Dow Jones Industrial Average is home to six technology stocks. Just two closed higher today. Slim Pickings Among WinnersThe Home Depot (NYSE:HD) was the biggest winner in the Dow today, gaining 1.7% to push its month-to-date gain to over 7%. The consumer cyclical name has been moving higher on light news this month, but there are some data points that portend some strength in the consumer, the driving force of the U.S. economy. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 "The latest data on retail sales from the Census Bureau, released on Friday, suggests that spending is now rising to match incomes," according to Barron's. "Average spending at stores, bars, and restaurants, excluding gasoline stations, was up 1.2% in April and May, compared with February and March on a seasonally adjusted basis."Walmart (NYSE:WMT) said it is laying off around 600 workers in Charlotte as part of an outsourcing program. The company is the largest U.S. retailer and biggest non-government employer in the U.S. It is doubtful that a headcount reduction of 600 was behind today's gain of 0.4% for the stock. Shares of Walmart are up about 9% this month, serving as another example of investors' preference for defensive names. The stock hit a 52-week high today.United Technologies (NYSE:UTX), the defense giant that has been making regular appearances in this space in recent days, traded slightly higher today after an analyst said the stock's drubbing in the wake of its controversial deal with Raytheon (NYSE:RTN) is a case of too much, too fast.Today, Vertical Research analyst Jeffrey Sprague upgraded United Technologies to "buy" from "hold" while lifting his price target on the stock to $145 from $140.Goldman Sachs Group (NYSE:GS), the largest U.S. investment stock and the biggest financial stock in the Dow, rose 0.19%.The stock "is currently trading at around tangible book value, and it has over 30% upside to our fair value estimate," said Morningstar. Bottom Line on the Dow Jones TodayInvestors should expect to see more diverging data points and opinions over the near term. For example, the Federal Reserve said in a report out Friday that industrial production rose 0.4% last month. However, the University of Michigan consumer sentiment reading for June dropped to 97.9 this month from 100 in May. That was due in large part to tariff concerns.With second-quarter earnings season fast approaching, investors may want to consider looking for sector-level opportunities."At the sector level, analysts are most optimistic on the Energy (64%), Health Care (60%), and Communication Services (60%) sectors, as these three sectors have the highest percentages of Buy ratings," according to FactSet.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Dow Jones Today: Stocks Have a No-Fun Friday appeared first on InvestorPlace.
The common thinking had been that secular changes like the burgeoning middle class in emerging markets and millennials’ preference for travel experiences would support traffic growth beyond that average rate, and that was what happened for a few years. Whether or not the slackening trend of the past two months lasts, commercial air-travel demand will most likely continue to grow in some capacity, Aengus Kelly, CEO of plane-lessor AerCap Holdings NV, said in a phone interview this week. The question is whether Boeing Co. and Airbus SE are already planning to build more planes than the industry will need and whether some customers may soon realize they’ve overpaid for assets or bought plane models that now look less desirable.
Airbus said on Friday it had urged United Technologies to "keep its eye on the ball" in its role as a commercial aerospace supplier as it moves towards a planned merger with U.S. defence contractor Raytheon. Chief Executive Guillaume Faury said the message was understood by the world's largest aerospace supplier, whose Pratt & Whitney unit supplies engines for the A320neo jet. Faury told a news conference he had spoken to UTC leaders and would do so again at the Paris Airshow next week.
Vertical Research Partners argues that pessimism about United Technologies’ merger with Raytheon has made the shares too cheap.
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
Turkey will "take reciprocal steps" if the United States imposes sanctions over its purchase of Russian S-400 defences, the Turkish foreign minister said on Friday, marking the latest step toward a standoff between the NATO allies. "If the United States takes any negative actions towards us, we will also take reciprocal steps," Mevlut Cavusoglu, the minister, said when asked about possible U.S. sanctions in an interview broadcast on Turkish TV. Ankara and Washington have sparred publicly for months over Turkey's purchase of the S-400 missile systems, expected to be delivered as early as next month.
Donald Trump has credited Greg Hayes — the burly former football player who plans to create a new aerospace and defence titan — with helping him get elected president. In the four and a half years since ...
To facilitate the Q&A session, United Technologies Corp. is updating the start time of its analysts and portfolio managers meeting at the Paris Air Show to start at 3:00 a.m. ET (9:00 a.m. local time in Paris) on June 17, 2019. The corresponding presentation will be available on the Company's website prior to the meeting. Raytheon Company is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions.
NEW YORK , June 13, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Raytheon Company ("RTN" ...
Turkey's presidential spokesman Ibrahim Kalin said on Thursday he spoke on the phone with President Donald Trump's national security advisor John Bolton to discuss a letter sent by the Pentagon about Ankara's removal from the F-35 jets program. Washington has warned Turkey against buying and installing Russian S-400 missile defence systems. Speaking at a press conference in Ankara following a cabinet meeting, Kalin said he hoped the Pentagon would abandon its current attitude towards Turkey, which he said could permanently damage ties between the two NATO allies.
Both stocks gapped higher at the open on Monday with its technical levels coming into play. United Tech popped as high as $135.73, shy of its quarterly pivot at $136.83. Raytheon gapped to $193.98 then failed to hold its annual and semiannual risky levels at $190.52 and $191.25, respectively.
Turkey will not back down from its decision to buy Russian S-400 missile defence systems despite U.S. warnings that it will lead to Ankara's exclusion from the F-35 fighter jet programme, Foreign Minister Mevlut Cavusoglu said on Thursday. In what has become the main source of tension between Ankara and Washington, the NATO allies have sparred publicly for months over Turkey's purchase of the S-400s, which Washington has said could trigger U.S. sanctions.
Farmington, Connecticut-based United Technologies (NYSE: UTX), maker of military and aviation communications technology and other gear, is merging with Waltham, Massachusetts-based Raytheon Co. (NYSE: RTN), which is best known for making military missiles and military aircraft. It would create the a defense-contracting behemoth second in size only to Boeing (NYSE: BA), and the new Raytheon would have a combined $74 billion in sales this year. Raytheon's Intelligence, Information and Services division has a major campus just off Buckley Air Force Base in Aurora, where it manages and creates ground control system technologies for commercial satellites and space systems for the U.S. government, military and intelligence agencies.
United Technologies drew withering criticism from high-profile investors over its proposed $120 billion aerospace merger with Raytheon.
Aerospace companies that could count Raytheon Technologies as rivals have selected urban cores for new offices, versus Greater Boston’s suburban markets.
Wall Street is trading around the unchanged line on Wednesday, bouncing between gains and losses, as all eyes focus on the recent announcement of a $120 billion all-stock merger of equals between United Technologies (NYSE:UTX) and Raytheon (NYSE:RTN).Defense and aerospace stocks have been holding up well since President Donald Trump took office, as represented by the iShares Aerospace and Defense ETF (BATS:ITA), despite problems at Boeing (NYSE:BA) related to the 737 MAX. This is thanks to a big investment in the Pentagon's budget by the Trump Administration.With geopolitical tensions high between the United States and China as well as Iran, this spending isn't likely to slow anytime soon. Industry consolidation, of the type represented by the UTX-TRN tie up, will bolster profitability. With defensive sectors of the market enjoying a bid in recent weeks, amid broad volatility, this provides yet another reason for investors to consider names in this area.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for the Coming Recession Here are four defense stocks to watch: United Technologies (UTX)Shares of United Technologies are rebounding slightly after a sharp decline below their 200-day moving average, testing critical support from the March lows. The company has been going through a metamorphosis, announcing last fall that it would spin off its Otis elevator and Carrier HVAC businesses early next year, segments that will not be included in its merger of its aerospace business with Raytheon.Of note is that its Pratt & Whitney engine segment was combined with Collins Aerospace Systems last fall via what was one of the largest aerospace acquisitions in history. The company will next report results on July 23 before the bell. Analysts are looking for earnings of $2.04 per share on revenues of $19.3 billion. When the company last reported on April 23, earnings of $1.91 beat estimates by 19 cents on a 20.5% rise in revenues. Raytheon (RTN)Shares of Raytheon, maker of missile and radar systems, are finding support near the lower end of its five-month consolidation range. The proposed tie-up with UTX is seen as a big positive for RTN, diversifying its exposure into the strong commercial aerospace market as well as giving it more leverage with suppliers to negotiate lower prices through economies of scale. * 7 Dark Horse Stocks Winning the Race in 2019 The company will next report results on July 25 before the bell. Analysts are looking for earnings of $2.64 per share on revenues of $7 billion. When the company last reported on April 25, earnings of $2.77 per share beat estimates by 29 cents on a 7.4% rise in revenues. Aerojet Rocketdyne Holdings (AJRD)Shares of Aerojet Rocketdyne Holdings (NYSE:AJRD) are taking flight, pushing back towards prior highs hit in February to mark a 25%-plus rally off of its April lows. Earlier this week, CL King's George Godfrey suggested the company could be a logical acquisition for Boeing or Lockheed Martin (NYSE:LMT) following the United Technologies-Raytheon deal. Back in March, the company acquired a 3D printing subsidiary from ARC Group Worldwide (NASDAQ:ARCW).The company will next report results on July 29 after the close. Analysts are looking for earnings of 39 cents per share on revenues of $483.4 million. When the company last reported on April 30, earnings of 44 cents per share beat estimates by 19 cents on a 0.1% decline in revenues. Northrop Grumman (NOC)Shares of Northrop Grumman (NYSE:NOC) are cooling their heels a little after a run to challenge priors highs set last September, marking a nice 23% rally off of the late March lows. The last time the 50-day moving average pulled away from the 200-day average like it is now was back in 2013, marking a 6x increase in the share price until a bout of profit taking struck in early 2018. * 7 Stocks to Buy As They Hit 52-Week Lows The company will next report results on July 24 before the bell. Analysts are looking for earnings of $4.65 per share on revenues of $8.4 billion. When the company last reported on April 24, earnings of $5.06 beat estimates by 46 cents on a 21.6% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post 4 Defense Stocks to Watch on Raytheon-United Technologies Merger appeared first on InvestorPlace.
The activist investor sent an e-mail to United Technologies CEO Greg Hayes over the weekend expressing concern about reports that the company was nearing a deal with missile-maker Raytheon. Ackman isn’t impressed, and in his letter blasted the deal as well as United Technologies’ decision to used “today’s massively undervalued” stock as currency.
William Ackman, who runs the activist hedge fund Pershing Square Capital Management LP, contacted United Technologies' CEO Greg Hayes shortly after the deal was made public Sunday, according to sources speaking to the Reuters news agency and providing them with the correspondence. Ackman, whose fund owns around 0.67% of United Technologies, had previously supported the group's plans to split into three separate businesses. "We are extremely concerned that such a transaction will significantly lower the business quality of pro-forma United Technologies' aerospace business, and, to make matters worse, will be accomplished through the highly dilutive issuance of large amounts of United Technologies stock," the Ackman read.
The aerospace and defense industry group has greatly outperformed the broader stock market this year and over longer periods.