RTX (NYSE:RTX) Price Target Raised to $147.00 at Susquehanna

RTX (NYSE:RTX) had its price target increased by investment analysts at Susquehanna from $139.00 to $147.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price target would indicate a potential upside of 16.42% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Morgan Stanley raised their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Barclays raised their price objective on 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 boosted their target price on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Five research 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $160.73.

RTX Stock Down 1.6 %

Shares of NYSE RTX traded down $2.09 during mid-day trading on Wednesday, hitting $126.27. 1,277,525 shares of the stock traded hands, compared to its average volume of 4,434,619. The stock has a fifty day moving average price of $118.67 and a 200-day moving average price of $118.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The company has a market cap of $168.06 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 1.99 and a beta of 0.81. RTX has a 52 week low of $88.90 and a 52 week high of $132.43.

RTX (NYSE:RTX) last announced its 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%. Research analysts anticipate that RTX will post 5.56 EPS for the current year.

Institutional Investors Weigh In On RTX

A number of large investors have recently added to or reduced their stakes in RTX. Geode Capital Management LLC grew its holdings in shares of RTX by 1.9% in the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after acquiring an additional 508,344 shares during the period. Fisher Asset Management LLC grew its stake in shares of RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after purchasing an additional 852,183 shares during the period. FMR LLC increased its position in shares of RTX by 8.7% during the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after purchasing an additional 490,109 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of RTX by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,886,614 shares of the company’s stock worth $713,222,000 after purchasing an additional 140,697 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of RTX by 0.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,963,067 shares of the company’s stock worth $342,886,000 after buying an additional 25,407 shares during the last quarter. Institutional investors 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.