RTX (NYSE:RTX) Cut to “Hold” at StockNews.com

RTX (NYSE:RTXGet Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Several other research firms have also issued reports on RTX. Barclays upped their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Wells Fargo & Company raised their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, UBS Group upped their price target on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

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RTX Price Performance

RTX opened at $129.14 on Wednesday. The stock has a market capitalization of $171.89 billion, a P/E ratio of 36.90, a PEG ratio of 1.99 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX has a 12-month low of $88.90 and a 12-month high of $132.43. The stock has a 50-day moving average price of $118.97 and a 200-day moving average price of $119.00.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates 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 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RTX. Ascent Group LLC bought a new position in shares of RTX in the 2nd quarter worth about $251,000. KPP Advisory Services LLC increased its stake in shares of RTX by 7.2% during the second quarter. KPP Advisory Services LLC now owns 5,203 shares of the company’s stock valued at $522,000 after purchasing an additional 351 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of RTX during the second quarter valued at approximately $132,000. Brown Financial Advisors bought a new stake in shares of RTX in the 2nd quarter worth approximately $715,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of RTX in the 2nd quarter worth approximately $35,285,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

About RTX

(Get Free Report)

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.

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Analyst Recommendations for RTX (NYSE:RTX)

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