Susquehanna Issues Pessimistic Forecast for RTX (NYSE:RTX) Stock Price

RTX (NYSE:RTX) had its price objective cut by analysts at Susquehanna from $150.00 to $139.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective points to a potential upside of 19.81% from the stock’s previous close.

Several other research firms have also issued reports on RTX. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. UBS Group raised their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a 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. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, Barclays lifted their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Six research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Trading Up 1.1 %

Shares of RTX stock opened at $116.02 on Wednesday. RTX has a 12-month low of $84.43 and a 12-month high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $118.26 and its 200-day moving average is $116.71. The stock has a market cap of $154.42 billion, a P/E ratio of 33.15, a P/E/G ratio of 2.08 and a beta of 0.81.

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 firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.25 earnings per share. Equities research analysts predict that RTX will post 5.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RTX

A number of large investors have recently bought and sold shares of the company. Legacy Private Trust Co. bought a new position in RTX in the fourth quarter valued at about $393,000. First Hawaiian Bank grew its holdings in shares of RTX by 2.1% during the 4th quarter. First Hawaiian Bank now owns 68,639 shares of the company’s stock valued at $7,943,000 after purchasing an additional 1,440 shares during the last quarter. Private Client Services LLC increased its position in RTX by 6.2% during the 4th quarter. Private Client Services LLC now owns 2,806 shares of the company’s stock worth $325,000 after purchasing an additional 164 shares in the last quarter. Fulton Bank N.A. lifted its stake in RTX by 14.2% in the 4th quarter. Fulton Bank N.A. now owns 25,633 shares of the company’s stock valued at $2,966,000 after purchasing an additional 3,182 shares during the last quarter. Finally, Strathmore Capital Advisors Inc. acquired a new stake in RTX in the fourth quarter valued at approximately $310,000. 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.