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

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

Several other research analysts have also recently weighed in on RTX. Morgan Stanley upped their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. UBS Group increased their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Citigroup raised their price objective on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

RTX Price Performance

RTX stock opened at $115.06 on Wednesday. RTX has a 12 month low of $84.43 and a 12 month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The business’s 50 day simple moving average is $118.26 and its 200 day simple moving average is $116.71. The company has a market cap of $153.15 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.08 and a beta of 0.81.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Graypoint LLC boosted its stake in shares of RTX by 4.8% during the 4th quarter. Graypoint LLC now owns 17,467 shares of the company’s stock worth $2,021,000 after acquiring an additional 802 shares during the last quarter. Lynch & Associates IN lifted its stake in shares of RTX by 0.5% during the 4th quarter. Lynch & Associates IN now owns 33,357 shares of the company’s stock valued at $3,860,000 after buying an additional 171 shares in the last quarter. Trinity Financial Advisors LLC lifted its stake in RTX by 14.4% in the 4th quarter. Trinity Financial Advisors LLC now owns 5,229 shares of the company’s stock worth $607,000 after purchasing an additional 659 shares in the last quarter. ORG Wealth Partners LLC lifted its stake in RTX by 51.7% in the 4th quarter. ORG Wealth Partners LLC now owns 631 shares of the company’s stock worth $73,000 after purchasing an additional 215 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC increased its holdings in shares of RTX by 5.8% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 191,743 shares of the company’s stock worth $22,189,000 after buying an additional 10,542 shares during the last quarter. Hedge funds and other institutional investors 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.