RTX (NYSE:RTX) Stock Rating Upgraded by Citigroup

Citigroup upgraded shares of RTX (NYSE:RTX) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning, Marketbeat reports. The brokerage currently has $153.00 target price on the stock, up from their previous target price of $132.00.

RTX has been the subject of several other reports. Morgan Stanley increased their target price on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Wells Fargo & Company boosted their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. UBS Group raised their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price objective 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.27.

RTX Trading Up 1.6 %

Shares of RTX stock opened at $126.34 on Tuesday. The firm has a market capitalization of $168.17 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $118.25 and its 200 day moving average is $118.12. RTX has a 1 year low of $88.70 and a 1 year high of $128.70.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts forecast that RTX will post 5.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RTX

Institutional investors have recently added to or reduced their stakes in the business. Elgethun Capital Management lifted its position in shares of RTX by 3.8% during the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after acquiring an additional 85 shares during the period. Avestar Capital LLC boosted its position in shares of RTX by 0.6% during the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after purchasing an additional 85 shares in the last quarter. Arbor Wealth Advisors LLC grew its stake in shares of RTX by 3.7% in the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock valued at $276,000 after buying an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC raised its stake in RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after buying an additional 86 shares during the period. Finally, Blackston Financial Advisory Group LLC raised its stake in RTX by 3.7% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock worth $291,000 after buying an additional 86 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

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.