RTX Co. (NYSE:RTX – Get Free Report) has been assigned an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $157.31.
Several equities analysts have issued reports on the company. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research report on Tuesday, July 30th. Royal Bank of Canada upped their price target on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Susquehanna boosted their target price on shares of RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Finally, Robert W. Baird increased their price target on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th.
Get Our Latest Research Report on RTX
Insider Buying and Selling
Institutional Trading of RTX
A number of large investors have recently bought and sold shares of the business. Briaud Financial Planning Inc increased its position in shares of RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new stake in RTX in the 2nd quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. bought a new stake in RTX in the 2nd quarter valued at approximately $32,000. Fairman Group LLC acquired a new position in RTX during the 4th quarter worth approximately $38,000. Finally, Beaird Harris Wealth Management LLC grew its stake in shares of RTX by 42.2% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock worth $39,000 after acquiring an additional 139 shares in the last quarter. 86.50% of the stock is owned by institutional investors.
RTX Stock Performance
RTX stock opened at $120.39 on Thursday. The firm has a market capitalization of $160.06 billion, a P/E ratio of 47.21, a P/E/G ratio of 2.11 and a beta of 0.82. The stock has a fifty day moving average price of $117.57 and a two-hundred day moving average price of $107.41. RTX has a 52-week low of $68.56 and a 52-week high of $123.70. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73.
RTX (NYSE:RTX – Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.29 EPS. As a group, analysts anticipate that RTX will post 5.45 EPS for the current fiscal year.
About RTX
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.
Featured Stories
- Five stocks we like better than RTX
- Best Stocks Under $5.00
- CarMax’s Impressive Rally: What Investors Should Watch Next
- What Is WallStreetBets and What Stocks Are They Targeting?
- MarketBeat Week in Review – 9/23 – 9/27
- Dividend Capture Strategy: What You Need to Know
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.