Analysts Shared Their Read on 2 Stocks: Raytheon Company (RTN), Marvell Technology Group Ltd. (MRVL)

The opening price for Raytheon Company (NYSE:RTN) was $187.45 and the volume amounted to 1.39 million shares which compares with the average volume of 1.31 million shares. The company stock experienced a -0.2% move to arrive at $187.18.

Raytheon Company (RTN) Analyst Opinion

Raytheon Company has a consensus outperform rating from 20 Wall Street analysts, and the number of shares currently sold short amount to at least 0.94% of shares outstanding. The stock spiked 3.84% last month and is up 31.82 this year. Wall Street is only getting more bullish on the stock, with 18 of analysts who cover RTN having a buy-equivalent rating. Analysts have placed a $192.61 price target on Raytheon Company, suggesting a 2.9% gain from recent close. It’s currently trading about -0.6% below its 52-week high.

Raytheon Company Earnings Surprise

Raytheon Company (RTN) surprised the stock market in its last reported earnings when it earned $1.98 a piece versus the consensus-estimated $1.76. Its revenue totaled $6.23 billion up 3.79% from the previous quarter.

Raytheon Company (NYSE:RTN) Intraday View

This stock (RTN) is ahead of its 52-week low with 40.85%. Its last month’s stock price volatility remained 0.86% which for the week stands at 0.87%. The share price has moved forward from its 20 days moving average, trading at a distance of 1.71% and stays 4.09% away from its 50 days moving average. Over the last five days, shares have managed 1.72% gains and now is up 16.04% since hitting its 200-day moving average of $166.88. Raytheon Company (RTN) has made its way to a 12-month gain of 36.5%.

Turning to Marvell Technology Group Ltd. (NASDAQ:MRVL), its shares were trading at $18.37 a retreat of $-0.14, on the trading floor. The stock, after opening at $18.51, touched a high of $18.51 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.6. Marvell Technology Group Ltd. has 4 buy ratings, 11 holds and 1 sells even after the stock tumbled -1.87% from its high of $18.72 to a $9.14 billion market value through last close.

Marvell Technology Group Ltd. (MRVL) Consensus Price Target

The company’s consensus rating on Reuter’s scale improved from 2.42 to 2.48 during a month. Analysts set a 12-month price target of $19.57 a share. The target implies a 6.53% spike from where the shares are currently trading. Also, the current price highlights a discount of 36.09% to analysts’ high consensus price target.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Intraday Trading

The counter witnessed a trading volume of 3.76 million shares versus an average volume of 5.96 million shares during last trading session. Its last month’s stock price volatility remained 1.79% which for the week approaches 1.92%. The lowest price the stock reached in the last trading day was $18.31 and compares with the $12.3 52-week low. The stock recovered 49.35% since its low point and has performed 32.44% year-to-date.

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