RTX Co. (NYSE:RTX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of RTX Co. (NYSE:RTX) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Five 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. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $163.07.

RTX has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Royal Bank of Canada lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Morgan Stanley raised their price objective on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Bank of America raised their price objective on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday. Finally, TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th.

RTX Stock Up 0.1 %

Shares of NYSE:RTX opened at $129.08 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $119.14 and a two-hundred day simple moving average of $119.40. RTX has a 12-month low of $88.90 and a 12-month high of $132.43. The stock 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 announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating 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%. On average, research analysts anticipate that RTX will post 6.1 earnings per share for the current fiscal year.

Institutional Trading of RTX

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MidAtlantic Capital Management Inc. bought a new stake in RTX in the third quarter valued at approximately $29,000. Modus Advisors LLC bought a new stake in shares of RTX in the 4th quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX in the fourth quarter valued at $40,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the third quarter valued at approximately $41,000. Finally, Iron Horse Wealth Management LLC grew its position in shares of RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after purchasing an additional 279 shares in the last quarter. 86.50% of the stock is currently 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.