Susquehanna Forecasts Strong Price Appreciation for RTX (NYSE:RTX) Stock

RTX (NYSE:RTX) had its price objective raised by Susquehanna from $139.00 to $147.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a positive rating on the stock.

Several other research firms have also commented on RTX. Wells Fargo & Company increased their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Morgan Stanley upped their target price on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Barclays raised their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $163.07.

RTX Stock Up 0.1 %

Shares of RTX stock opened at $129.08 on Wednesday. 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 one year low of $88.90 and a one year high of $132.43. The company’s fifty day moving average price is $119.14 and its 200-day moving average price is $119.20. The company has a market capitalization of $171.81 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Sell-side analysts expect that RTX will post 6.1 EPS for the current fiscal year.

Hedge Funds Weigh In On RTX

Several institutional investors have recently bought and sold shares of RTX. Atlas Legacy Advisors LLC purchased a new stake in shares of RTX during the 4th quarter worth $378,000. Bank of Jackson Hole Trust bought a new position in RTX in the fourth quarter worth about $189,000. Ramsay Stattman Vela & Price Inc. lifted its position in shares of RTX by 1.6% during the fourth quarter. Ramsay Stattman Vela & Price Inc. now owns 10,326 shares of the company’s stock valued at $1,195,000 after buying an additional 160 shares during the last quarter. Creative Capital Management Investments LLC grew its position in shares of RTX by 49.4% in the 4th quarter. Creative Capital Management Investments LLC now owns 6,309 shares of the company’s stock worth $730,000 after buying an additional 2,086 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of RTX by 59.0% during the 4th quarter. Venturi Wealth Management LLC now owns 3,537 shares of the company’s stock worth $409,000 after acquiring an additional 1,312 shares in the last quarter. 86.50% of the stock is 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.