RTX (NYSE:RTX) Price Target Raised to $156.00 at Wells Fargo & Company

RTX (NYSE:RTX) had its target price increased by research analysts at Wells Fargo & Company from $151.00 to $156.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 20.80% from the company’s current price.

Several other equities research analysts also recently commented on RTX. Royal Bank of Canada upped their target price on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday. Bank of America upped their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday. UBS Group boosted their price objective on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Barclays boosted their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Price Performance

Shares of RTX traded up $4.01 during mid-day trading on Thursday, hitting $129.14. The company’s stock had a trading volume of 4,314,689 shares, compared to its average volume of 4,641,595. The firm has a 50-day moving average price of $118.79 and a 200 day moving average price of $118.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The stock has a market capitalization of $171.89 billion, a price-to-earnings ratio of 36.90, 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. On average, research analysts predict that RTX will post 5.56 EPS for the current fiscal year.

Institutional Trading of RTX

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