Susquehanna Lowers RTX (NYSE:RTX) Price Target to $139.00

RTX (NYSE:RTX) had its price target cut by Susquehanna from $150.00 to $139.00 in a research note published on Wednesday,Benzinga reports. They currently have a positive rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Citigroup increased their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Barclays raised their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Wells Fargo & Company raised shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $156.87.

RTX Price Performance

Shares of RTX opened at $115.06 on Wednesday. The company has a 50 day moving average price of $118.26 and a 200-day moving average price of $116.71. RTX has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. The stock has a market capitalization of $153.15 billion, a PE ratio of 32.87, a PEG ratio of 2.08 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that RTX will post 5.56 earnings per share for the current fiscal year.

Institutional Trading of RTX

Institutional investors have recently modified their holdings of the stock. Elgethun Capital Management boosted its position in RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after acquiring an additional 85 shares during the last quarter. Avestar Capital LLC boosted its holdings in RTX by 0.6% in the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after purchasing an additional 85 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in RTX by 20.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after purchasing an additional 86 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its holdings in RTX by 3.7% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after purchasing an additional 86 shares during the last quarter. Finally, Canal Capital Management LLC boosted its holdings in RTX by 2.1% in the 3rd quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock valued at $515,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

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.