RTX (NYSE:RTX) Given New $139.00 Price Target at Susquehanna

RTX (NYSE:RTX) had its target price cut by Susquehanna from $150.00 to $139.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a positive rating on the stock.

Several other equities research analysts have also recently weighed in on RTX. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Citigroup boosted their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley boosted their price objective on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

RTX Trading Up 1.1 %

Shares of RTX opened at $116.02 on Wednesday. The company’s fifty day moving average is $118.36 and its 200 day moving average is $116.71. RTX has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. The stock has a market capitalization of $154.42 billion, a PE ratio of 33.15, a P/E/G ratio of 2.08 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that RTX will post 5.56 earnings per share for the current fiscal year.

Institutional Trading of RTX

A number of institutional investors have recently modified their holdings of RTX. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the 3rd quarter valued at about $29,000. Modus Advisors LLC acquired a new stake in RTX in the 4th quarter worth approximately $39,000. Fairfield Financial Advisors LTD acquired a new stake in RTX in the 2nd quarter worth approximately $41,000. Western Pacific Wealth Management LP acquired a new stake in RTX in the 3rd quarter worth approximately $41,000. Finally, Kimelman & Baird LLC acquired a new stake in RTX in the 2nd quarter worth approximately $46,000. 86.50% of the stock is currently owned by institutional investors.

About RTX

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.