NEWAI Investor Insights
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NYSE:RTX
119.20
0.08 (0.07%) 1d
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Sep 16, 2024, 8:00 pm
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Investor Insights
This summary was created by AI, based on 27 opinions in the last 12 months.
The company Raytheon, symbol RTX-N, is a mixed bag of reviews from experts. The stock has faced challenges including manufacturing defects and engine issues, which have affected its performance and credibility. However, the company's strong balance sheet and potential for long-term growth make it an attractive investment. It is also well-positioned to benefit from increasing defense spending and the rebound of the commercial aerospace sector post-Covid-19. Despite concerns, some experts believe the stock is oversold and presents a good buying opportunity. Overall, Raytheon is seen as a company with potential for growth and resilience in the face of challenges.
Consensus
Mixed
Valuation
Fair Value
Similar
General Donlee Canada, GDI-T
TOP PICK
Raytheon(RTX-N)15/07/2024
Aerospace will benefit from global travel over the long term. Appears on-schedule to absorb the charges required to replace faulty engine components. Valuation catchup once this issue is behind them. After-market stream of revenue for servicing parts is very profitable. Yield is 2.46%.
With all the geopolitical uncertainty, the defense side should see strong growth. Order backlog is at historical highs.
(Analysts’ price target is $107.09)
Defense
Christine Poole
$102.040
Owned
UnlockRating
BUY
Raytheon(RTX-N)15/07/2024
Solid. It's pure defence and aerospace (i.e. jet engines), a good combination. Good valuation. They hit a problem with contaminants in engine parts about 18 months ago, which cost them, but the street has since regained confidence in them. He bought more shares around $85, which has paid off.
Defense
Gordon Reid
$101.620
Owned
UnlockRating
PAST TOP PICK
Raytheon(RTX-N)18/06/2024
(A Top Pick Jun 14/23, Up 11%)
Is holding, but not buying more. They're in a nice spot straddling the defence and aerospace businesses. It's a defensive business model. The aviation business is booming now.
Defense
Chris Blumas
$104.770
Owned
UnlockRating
BUY ON WEAKNESS
Raytheon(RTX-N)10/06/2024
Likes it, because it has an aerospace business in addition to defence, which is a hedge. The street lost faith in RTX when contaminants got into some of the engines they were building. Shares declined, but this has become a buying opportunity; he bought in the mid-$80s. Negative sentiment eventually fades.
Defense
Gordon Reid
$107.090
Owned
UnlockRating
BUY
Raytheon(RTX-N)14/05/2024
Took a large write down and hit to reputation due to metal contamination in engines. Most of the issue has been corrected. As you correct problems, the market starts to forgive. Not too late to get in. Reasonable valuation, sound business, aerospace side has lots of runway.
Defense
Gordon Reid
$105.800
Owned
UnlockRating
PAST TOP PICK
Raytheon(RTX-N)08/05/2024
(A Top Pick Oct 20/23, Up 30%)
Note that this timeframe is short, since last October. His usual holding period is for at least 3-5 years. It was his Top Pick because it ran into some problems, stock sold off, giving him a bigger margin of safety. Stock's bounced back, happy to hold.
Defense
Alexander MacDonald
$103.770
Owned
UnlockRating
BUY
Raytheon(RTX-N)24/04/2024
The delivered a great quarter, but their CEO is departing. They solved their gear turbo fan problem. Great balance sheet. The best defence stock.
Defense
Jim Cramer - Mad Money
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HOLD
Raytheon(RTX-N)19/04/2024
It reports Tuesday. It has rebounded well from bottoming after issuing a recall. Shares could stall here, unless they announce something big. A good stock.
Defense
Jim Cramer - Mad Money
$101.560
Unknown
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BUY
Raytheon(RTX-N)15/04/2024
Large defensive budgets will increase profits for company. Global tensions will create demand for products. Good time to invest in company.
Defense
James Telfser
$100.020
Unknown
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PAST TOP PICK
Raytheon(RTX-N)16/02/2024
(A Top Pick Jan 25/23, Down 6%)
Aviation and aerospace market in high demand with Global tensions. Large backlog of airplane demand will perform over time. Manufacturing defect in 2023 put large damper on company (large expense) which drove the stock down. Will continue to own shares. Problems appear to be in the rear view mirror.
Defense
Jamie Murray
$91.010
Unknown
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TOP PICK
Raytheon(RTX-N)14/02/2024
Bit out of favour and down in dumps. Even mix between aerospace and defense, both have massive demand and quite strong topline growth, good profitability. Engine issue has been an overhang. Cashflow hasn't yet been hit, as added service costs will come over next 2-3 years. Accelerated share buyback plan. Inexpensive multiple of 16.5x for such a strong business. Headline risk in the aviation space. Yield is 2.6%.
Feeds into today's theme of a company that can go against the grain, has a rock-solid balance sheet, and can operate in a counter-cyclical manner.
(Analysts’ price target is $95.14)
Defense
Chris Blumas
$91.280
Owned
UnlockRating
COMMENT
Raytheon(RTX-N)29/01/2024
The question also included the defense sector. He doesn't know Raytheon itself but he likes the defense sector. There is a lot of Geo-political risk. He owns General Dynamics and Howmet. You could also buy the ETF -XAR for the defense stocks space.
Defense
David Burrows
$90.080
Unknown
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TOP PICK
Raytheon(RTX-N)22/01/2024
Defense spending expected to rise. Stock price weakness the past year presenting a good time to buy. Commercial airspce business expected to grow. Concerns on supply chain not a big factor. Expecting margin improvement. Yield over 2%. Has been buying more shares and will continue to own.
Defense
Christine Poole
$85.020
Owned
UnlockRating
TOP PICK
Raytheon(RTX-N)14/12/2023
Had its troubles this year, which is costing about $5B to fix. A headache, but won't derail the company. Stock price has adjusted about 20%, lower valuation. Business is growing sharply, biggest backlog in history of $160B. His experience is that for problems that can be solved with time and effort, the shock to the stock value will dissipate over time as confidence builds. Investors should take advantage. Yield is 3%.
(Analysts’ price target is $88.58)
Defense
Gordon Reid
$82.065
Owned
UnlockRating
PAST TOP PICK
Raytheon(RTX-N)23/11/2023
(A Top Pick Nov 18/22, Down 14%)
Defense backlog growing. Margins still need to catch up. Aerospace engine recall affecting stock price, we'll see how it resolves in 1-2 years. Overdone, likes stock long term, she's holding.
Defense
Christine Poole
$79.820
Owned
UnlockRating
Raytheon(RTX-N) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 15
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 17
Stockchase rating for Raytheon is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
Raytheon(RTX-N) Frequently Asked Questions
What is Raytheon stock symbol?
Raytheon is a American stock, trading under the symbol RTX-N on the New York Stock Exchange (RTX). It is usually referred to as NYSE:RTX or RTX-N
Is Raytheon a buy or a sell?
In the last year, 17 stock analysts published opinions about RTX-N. 15 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Raytheon.
Is Raytheon a good investment or a top pick?
Raytheon was recommended as a Top Pick by on . Read the latest stock experts ratings for Raytheon.
Why is Raytheon stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Raytheon worth watching?
17 stock analysts on Stockchase covered Raytheon In the last year. It is a trending stock that is worth watching.
What is Raytheon stock price?
On 2024-09-16, Raytheon (RTX-N) stock closed at a price of $119.2.
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