Analysts Set RTX Co. (NYSE:RTX) Target Price at $178.67

Shares of RTX Co. (NYSE:RTX) have earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $156.87.

A number of equities analysts have issued reports on RTX shares. UBS Group increased their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company increased their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Susquehanna reduced their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday. Finally, Citigroup upped their price target on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th.

Hedge Funds Weigh In On RTX

Several large investors have recently bought and sold shares of RTX. Marshall Wace LLP lifted its position in shares of RTX by 1,247.1% during the second quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock valued at $206,172,000 after purchasing an additional 1,901,256 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of RTX by 11,235.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock worth $206,095,000 after buying an additional 1,686,007 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of RTX by 4.8% in the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after acquiring an additional 852,183 shares in the last quarter. Hsbc Holdings PLC grew its stake in RTX by 47.9% in the 2nd quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock valued at $246,300,000 after purchasing an additional 792,830 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in RTX by 256.6% during the third quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock worth $118,309,000 after buying an additional 702,699 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Up 1.1 %

Shares of NYSE RTX opened at $116.02 on Friday. The company’s 50 day moving average price is $118.36 and its 200-day moving average price is $116.71. 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 has a 52-week low of $84.43 and a 52-week high of $128.70. The company has a market capitalization of $154.42 billion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last issued 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that RTX will post 5.56 earnings per share for the current year.

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.