RTX (NYSE:RTX) Price Target Raised to $119.00 at Susquehanna

RTX (NYSE:RTX) had its price target upped by stock analysts at Susquehanna from $110.00 to $119.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target suggests a potential upside of 17.43% from the company’s previous close.

A number of other equities research analysts have also recently commented on RTX. UBS Group lifted their price objective on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. TD Cowen lifted their target price on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Royal Bank of Canada lifted their target price on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 target price on shares of RTX in a report on Monday, April 1st. Finally, TheStreet upgraded RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, RTX presently has a consensus rating of “Hold” and an average price target of $94.00.

RTX Stock Down 0.2 %

Shares of RTX stock opened at $101.34 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. RTX has a 12 month low of $68.56 and a 12 month high of $103.89. The business has a fifty day simple moving average of $94.97 and a 200 day simple moving average of $87.12. The stock has a market cap of $134.75 billion, a PE ratio of 45.24, a price-to-earnings-growth ratio of 1.85 and a beta of 0.88.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. During the same period in the previous year, the firm earned $1.27 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. Research analysts predict that RTX will post 5.39 EPS for the current year.

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the transaction, the chief financial officer now owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,785 shares of company stock worth $3,448,188. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On RTX

Institutional investors have recently bought and sold shares of the business. Bear Mountain Capital Inc. acquired a new position in RTX during the fourth quarter worth approximately $25,000. Strengthening Families & Communities LLC acquired a new position in RTX during the third quarter worth approximately $28,000. Planned Solutions Inc. acquired a new position in RTX during the fourth quarter worth approximately $30,000. Financial Gravity Asset Management Inc. increased its position in RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after buying an additional 345 shares during the last quarter. Finally, Valley National Advisers Inc. increased its position in RTX by 37.4% during the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after buying an additional 127 shares during the last quarter. 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.