RTX (NYSE:RTX) Raised to “Buy” at Citigroup

RTX (NYSE:RTX) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, MarketBeat.com reports. The brokerage currently has a $153.00 target price on the stock, up from their prior target price of $132.00. Citigroup’s target price suggests a potential upside of 22.91% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Susquehanna lowered their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company raised their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, Barclays boosted their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $158.27.

RTX Trading Down 1.0 %

RTX stock opened at $124.49 on Tuesday. RTX has a one year low of $87.96 and a one year high of $128.70. The stock has a market cap of $165.69 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. The company has a fifty day moving average price of $118.10 and a two-hundred day moving average price of $118.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The business 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%. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 EPS. Equities analysts anticipate that RTX will post 5.56 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Elgethun Capital Management increased its stake in shares of RTX by 3.8% in the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after buying an additional 85 shares during the period. Avestar Capital LLC raised its stake in shares of RTX by 0.6% during the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after acquiring an additional 85 shares during the last quarter. Arbor Wealth Advisors LLC lifted its holdings in shares of RTX by 3.7% during the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after purchasing an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC increased its holdings in RTX by 3.7% in the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after purchasing an additional 86 shares during the period. 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.