RTX Co. (NYSE:RTX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of RTX Co. (NYSE:RTX) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $158.27.

A number of equities analysts have recently weighed in on RTX shares. UBS Group upped their price target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company lifted their price target 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. Finally, Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th.

Institutional Investors Weigh In On RTX

A number of large investors have recently made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new position in RTX during the third quarter valued at approximately $29,000. Modus Advisors LLC acquired a new position in shares of RTX in the fourth quarter worth $39,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX during the third quarter worth $41,000. Iron Horse Wealth Management LLC boosted its position in RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares during the last quarter. Finally, Kimelman & Baird LLC acquired a new position in RTX in the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $128.21 on Wednesday. The firm has a 50 day moving average of $118.67 and a two-hundred day moving average of $118.89. 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 52 week low of $88.90 and a 52 week high of $132.43. The stock has a market capitalization of $170.65 billion, a PE ratio of 36.63, a P/E/G ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last issued 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%. On average, research analysts predict that RTX will post 5.56 EPS for the current fiscal year.

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.