RTX (NYSE:RTX) Price Target Raised to $147.00

RTX (NYSE:RTX) had its price objective lifted by Susquehanna from $139.00 to $147.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their price target for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Wells Fargo & Company upped their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Morgan Stanley upped their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Barclays boosted 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. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.73.

RTX Stock Down 2.4 %

Shares of NYSE RTX opened at $125.25 on Wednesday. The company’s 50-day simple moving average is $118.79 and its 200-day simple moving average is $118.93. RTX has a 52-week low of $88.90 and a 52-week high of $132.43. The firm has a market cap of $166.71 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (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%. Equities analysts predict that RTX will post 5.56 EPS for the current fiscal year.

Hedge Funds Weigh In On RTX

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