RTX (NYSE:RTX) Given New $139.00 Price Target at Susquehanna

RTX (NYSE:RTX) had its price target decreased by Susquehanna from $150.00 to $139.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective suggests a potential upside of 21.16% from the company’s previous close.

Several other brokerages also recently weighed in on RTX. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Barclays upped their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Morgan Stanley raised their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, UBS Group raised their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $177.93.

RTX Stock Down 0.1 %

Shares of NYSE RTX traded down $0.08 on Wednesday, hitting $114.72. The company had a trading volume of 339,540 shares, compared to its average volume of 2,747,462. The firm has a market capitalization of $152.69 billion, a P/E ratio of 32.78, a PEG ratio of 2.08 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 has a 12-month low of $84.43 and a 12-month high of $128.70. The business has a 50 day moving average of $118.48 and a two-hundred day moving average of $116.72.

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

Hedge Funds Weigh In On RTX

Several hedge funds and other institutional investors have recently made changes to their positions in RTX. LRI Investments LLC grew its position in RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after purchasing an additional 4,732 shares in the last quarter. Napa Wealth Management acquired a new stake in RTX during the 3rd quarter worth about $1,307,000. Mirae Asset Global Investments Co. Ltd. grew its stake in RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after acquiring an additional 11,354 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of RTX in the third quarter worth approximately $953,000. Finally, Point72 Hong Kong Ltd grew its holdings in shares of RTX by 83.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 82,803 shares of the company’s stock valued at $10,032,000 after acquiring an additional 37,671 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

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.