RTX (NYSE:RTX) Given New $215.00 Price Target at JPMorgan Chase & Co.

RTX (NYSE:RTXGet Free Report) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $200.00 to $215.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 7.98% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of RTX from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday. Vertical Research reaffirmed a “buy” rating and issued a $227.00 price objective on shares of RTX in a research note on Tuesday. Citigroup boosted their price objective on RTX from $211.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. BNP Paribas Exane assumed coverage on RTX in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective for the company. Finally, Susquehanna reaffirmed a “positive” rating and set a $230.00 target price on shares of RTX in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.11.

Read Our Latest Stock Report on RTX

RTX Stock Down 1.1%

Shares of RTX traded down $2.16 during mid-day trading on Wednesday, reaching $199.12. The company’s stock had a trading volume of 4,664,874 shares, compared to its average volume of 5,834,738. The business has a fifty day moving average of $183.35 and a 200 day moving average of $169.64. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX has a 1 year low of $112.27 and a 1 year high of $205.36. The company has a market cap of $266.97 billion, a price-to-earnings ratio of 40.91, a price-to-earnings-growth ratio of 2.84 and a beta of 0.44.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. The firm had revenue of $24.24 billion for the quarter, compared to analyst estimates of $22.65 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts forecast that RTX will post 6.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RTX

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of RTX by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 122,775,221 shares of the company’s stock valued at $20,543,978,000 after acquiring an additional 700,487 shares during the last quarter. State Street Corp raised its stake in RTX by 0.5% in the 2nd quarter. State Street Corp now owns 112,706,833 shares of the company’s stock worth $16,457,452,000 after acquiring an additional 552,009 shares during the last quarter. Capital Research Global Investors lifted its position in RTX by 1.1% during the third quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock valued at $12,750,087,000 after purchasing an additional 799,155 shares during the period. Fisher Asset Management LLC boosted its holdings in RTX by 2.8% during the third quarter. Fisher Asset Management LLC now owns 21,174,194 shares of the company’s stock worth $3,543,078,000 after buying an additional 575,004 shares in the last quarter. Finally, Norges Bank purchased a new position in RTX during the second quarter valued at $2,359,602,000. 86.50% of the stock is owned by institutional investors.

More RTX News

Here are the key news stories impacting RTX this week:

About RTX

(Get Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

Featured Articles

Analyst Recommendations for RTX (NYSE:RTX)

Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.