RTX (NYSE:RTX) Price Target Raised to $142.00

RTX (NYSE:RTX) had its target price upped by UBS Group from $128.00 to $142.00 in a research report released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research firms also recently weighed in on RTX. Susquehanna dropped their price target on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company raised their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.73.

RTX Stock Performance

NYSE RTX opened at $125.25 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The business has a 50 day moving average price of $118.79 and a 200 day moving average price of $118.93. The company has a market capitalization of $166.71 billion, a P/E ratio of 35.79, a PEG ratio of 1.99 and a beta of 0.81. RTX has a 1-year low of $88.90 and a 1-year high of $132.43.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. Sell-side analysts expect that RTX will post 5.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new position in RTX in the third quarter valued at about $29,000. Western Pacific Wealth Management LP purchased a new position in RTX in the third quarter valued at about $41,000. Modus Advisors LLC purchased a new position in RTX in the fourth quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA purchased a new position in RTX in the fourth quarter valued at about $40,000. Finally, Iron Horse Wealth Management LLC raised its position 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 period. Institutional investors and hedge funds own 86.50% of the company’s stock.

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.