Bank of America Boosts RTX (NYSE:RTX) Price Target to $155.00

RTX (NYSE:RTX) had its target price lifted by investment analysts at Bank of America from $145.00 to $155.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price would suggest a potential upside of 20.08% from the company’s previous close.

Several other analysts also recently commented on the stock. Barclays raised their target price 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. UBS Group raised their price objective on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley boosted their price target on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $163.07.

RTX Trading Up 0.1 %

RTX opened at $129.08 on Thursday. The firm’s fifty day moving average is $119.14 and its two-hundred day moving average is $119.20. The firm has a market cap of $171.81 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. RTX has a twelve month low of $88.90 and a twelve month high of $132.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts anticipate that RTX will post 6.1 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RTX. MidAtlantic Capital Management Inc. acquired a new position in RTX during the third quarter worth approximately $29,000. Western Pacific Wealth Management LP bought a new position in shares of RTX during the 3rd quarter worth approximately $41,000. Modus Advisors LLC acquired a new position in shares of RTX during the 4th quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA bought a new stake in RTX in the 4th quarter valued at $40,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares during the last quarter. Institutional investors 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.