Raytheon Company's (NYSE: RTN) stock is up around 30% so far in 2017. That advance has been driven by a generally rising market, a string of solid, year-over-year top-line gains, and a portfolio that looks well positioned to benefit from the future military spending needs of the U.S. government and its allies. But is this military supplier and contractor a buy at these price levels? Here's a few statistics you need to think about before pulling the trigger.
I'm not going to pass judgement about Raytheon as a company. It does a good job, overall, at what it does (largely providing high-tech military hardware and services). And with long-term debt at just 30% (or so) of the capital structure, there's no particular need to worry about its balance sheet.
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Source: Fool.com