The Silver Lining In Raytheon Company (RTN), Johnson & Johnson (JNJ)

Raytheon Company (NYSE:RTN) popped in on a high volume red day. Volume on 12-Mar-18 came in at 2.04 million contracts. The daily trading volume has averaged 1.6 million shares a day in past 3 months. The first sale was made at $215.66 but later the stock became weaker, and closed with a fall of -2.22%. It was last traded at $210.04 apiece.

Raytheon Company (RTN): Outperform Candidate With 13.48% Upside Potential

Raytheon Company is maintained at an average outperform rating by 19 stock analysts, and there are at least 1.53% of shares outstanding that are currently legally short sold. The shares went up by 5.69% in value last month. Year-to-date it jumped 11.81%. Analysts are turning out to be more optimistic than before, with 16 of analysts who cover Raytheon Company (NYSE:RTN) advice adding it to buy candidate list. Wall Street experts also assign a $238.35 price target on Raytheon Company, pointing towards a 13.48% rally from current levels. The stock is trading for about -5.74% less than its 52-week high.

Raytheon Company Reports 8.35% Sales Growth

Raytheon Company (RTN) remained successful in beating the consensus-estimated $2.02 as it actually earned $2.03 per share in its last reported financial results. Revenue, on the other hand, scored 8.35% growth from the previous quarter, coming up with $6.81 billion.

RTN Retreats -2.31% In A Week

This company shares (RTN) so far managed to recover 41.3% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 2.09% while shortening the period to a week, volatility was 2.1%. The share price has yet to cross its 20 days moving average, floating at a distance of -2.08% and sits 2.79% higher versus its 50 days moving average. When looking at the past five sessions, the stock returned -2.31% losses and is up by 13.91% compared with its 200-day moving average of $192.23. Also, Raytheon Company (RTN) needs to expand a 36.05% increase it experienced over the past twelve months.

Johnson & Johnson (NYSE:JNJ) Consensus Call At 2.4

As regular trading ended, Johnson & Johnson (JNJ) stock brought in a -$1.17 drop to $132.63. The day started at a price of $133.8 but then traded as high as $134.23 before giving part of the gains back. As for this week, analysts appear content to stick with their neutral outlook with the consensus call at 2.4. Johnson & Johnson is given 7 buy-equivalent recommendations, 2 sells and 8 holds. The company shares sank -10.58% from their peak of $148.32 and now has a $363.67 billion market value of equity.

Johnson & Johnson Could Grow 13.42% More

JNJ’s mean recommendation on Reuter’s scale presents no change from 2.41 thirty days ago to 2.41 now, which indicates a hold consensus from the analyst community. They see Johnson & Johnson (JNJ) price hitting a mean target of $150.43 a share, meaning the stock still has potential that could lift the price another 13.42% Also, the recent close suggests the stock is underpriced by 31.95% compared to the most bullish target.

Johnson & Johnson (JNJ) Returns -5.07% This Year

The company had seen its current volume reaching at 4.94 million shares in the last trade. That compares with the recent volume average of 7.8 million. At the close of regular trading, its last week’s stock price volatility was 1.95% which for the month reaches 1.77%. Johnson & Johnson dipped to as low as $132.32 throughout the day and has returned -5.07% in this year. At one point in the past year, the shares traded as low as $120.95 but has recovered 9.66% since then.

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