RTX (NYSE:RTX) Price Target Raised to $150.00

RTX (NYSE:RTX) had its price target boosted by JPMorgan Chase & Co. from $140.00 to $150.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently commented on RTX. 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 note on Thursday, December 19th. Wells Fargo & Company raised their price objective 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. Barclays upped their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Stock Up 0.1 %

RTX stock opened at $129.08 on Wednesday. The stock’s 50 day moving average price is $119.14 and its 200 day moving average price is $119.20. The company has a market cap of $171.81 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.73. RTX has a 1-year low of $88.90 and a 1-year high of $132.43.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, sell-side analysts predict that RTX will post 6.1 EPS for the current fiscal year.

Institutional Investors Weigh In On RTX

A number of institutional investors have recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX during the 3rd quarter valued at $29,000. Modus Advisors LLC acquired a new position in RTX in the fourth quarter valued at $39,000. Comprehensive Financial Planning Inc. PA purchased a new stake in RTX during the fourth quarter valued at about $40,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX in the 3rd quarter worth about $41,000. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of RTX by 296.8% in the 4th 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 in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

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.