RTX (NYSE:RTX) Stock Price Expected to Rise, Susquehanna Analyst Says

RTX (NYSE:RTX) had its price objective boosted by analysts at Susquehanna from $139.00 to $147.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price indicates a potential upside of 13.83% from the stock’s current price.

A number of other research firms have also commented on RTX. UBS Group raised their price objective on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays raised their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Finally, 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. Six investment 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, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $163.07.

RTX Stock Performance

NYSE:RTX opened at $129.14 on Wednesday. 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 stock has a 50 day simple moving average of $118.97 and a 200 day simple moving average of $119.00. RTX has a 1-year low of $88.90 and a 1-year high of $132.43. The stock has a market cap of $171.89 billion, a P/E ratio of 36.90, a PEG ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating 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%. Research analysts anticipate that RTX will post 5.56 earnings per share for the current year.

Institutional Trading of RTX

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in RTX by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after purchasing an additional 508,344 shares during the period. Fisher Asset Management LLC boosted its position in shares of RTX by 4.8% in the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after acquiring an additional 852,183 shares during the period. FMR LLC boosted its position in shares of RTX by 8.7% in the third quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after acquiring an additional 490,109 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in RTX by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,886,614 shares of the company’s stock worth $713,222,000 after acquiring an additional 140,697 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in RTX by 0.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,963,067 shares of the company’s stock worth $342,886,000 after purchasing an additional 25,407 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

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.