RTX (NYSE:RTX) Price Target Cut to $139.00 by Analysts at Susquehanna

RTX (NYSE:RTX) had its price target reduced by investment analysts at Susquehanna from $150.00 to $139.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential upside of 19.81% from the company’s current price.

Several other brokerages have also recently commented on RTX. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Morgan Stanley increased their price objective 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. Wells Fargo & Company raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, 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. Six equities research 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.87.

RTX Stock Up 1.1 %

NYSE:RTX opened at $116.02 on Wednesday. RTX has a one year low of $84.43 and a one year high of $128.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company has a market cap of $154.42 billion, a PE ratio of 33.15, a P/E/G ratio of 2.08 and a beta of 0.81. The firm’s 50 day simple moving average is $118.26 and its 200 day simple moving average is $116.71.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion during 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%. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 earnings per share. On average, research analysts anticipate that RTX will post 5.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. purchased a new stake in RTX in the 3rd quarter valued at $29,000. Modus Advisors LLC bought a new position in shares of RTX during the fourth quarter valued at about $39,000. Fairfield Financial Advisors LTD bought a new stake in RTX in the 2nd quarter worth about $41,000. Western Pacific Wealth Management LP purchased a new stake in RTX in the 3rd quarter valued at about $41,000. Finally, Kimelman & Baird LLC bought a new position in shares of RTX during the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds 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.