RTX (NYSE:RTX – Get Free Report) had its target price boosted by analysts at JPMorgan Chase & Co. from $140.00 to $150.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 16.15% from the stock’s current price.
RTX has been the subject of a number of other reports. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Barclays upped their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Susquehanna dropped their price target on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group lifted their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.07.
Check Out Our Latest Analysis on RTX
RTX Stock Up 3.2 %
RTX (NYSE:RTX – Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. As a group, equities research analysts forecast that RTX will post 5.56 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in RTX during the third quarter worth $29,000. Modus Advisors LLC bought a new stake in RTX during the fourth quarter valued at $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX during the fourth quarter worth $40,000. Western Pacific Wealth Management LP bought a new position in shares of RTX in the 3rd quarter worth about $41,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after buying an additional 279 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.
RTX Company Profile
RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.
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