RTX (NYSE:RTX) Price Target Raised to $205.00

RTX (NYSE:RTX) had its price target hoisted by Susquehanna from $175.00 to $205.00 in a report issued on Wednesday, MarketBeat.com reports. They currently have a positive rating on the stock.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. The Goldman Sachs Group lifted their price objective on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday. Bank of America lifted their price objective on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their price objective on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.80.

RTX Stock Performance

Shares of RTX opened at $178.79 on Wednesday. The firm has a market cap of $239.72 billion, a PE ratio of 36.71, a PEG ratio of 3.20 and a beta of 0.66. The stock’s fifty day moving average price is $161.09 and its two-hundred day moving average price is $147.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.75. RTX has a 1 year low of $112.27 and a 1 year high of $180.50.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.29. The firm had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities research analysts forecast that RTX will post 6.11 EPS for the current year.

Insider Activity

In other news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,469 shares of company stock worth $7,364,841 in the last three months. Corporate insiders own 0.15% of the company’s stock.

Institutional Trading of RTX

A number of hedge funds have recently made changes to their positions in the stock. Vicus Capital lifted its holdings in shares of RTX by 6.8% during the 3rd quarter. Vicus Capital now owns 3,384 shares of the company’s stock worth $566,000 after acquiring an additional 215 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of RTX by 4.9% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,543 shares of the company’s stock worth $760,000 after acquiring an additional 213 shares during the last quarter. MGO One Seven LLC lifted its holdings in shares of RTX by 16.1% during the 3rd quarter. MGO One Seven LLC now owns 32,079 shares of the company’s stock worth $5,368,000 after acquiring an additional 4,459 shares during the last quarter. Tema Etfs LLC bought a new stake in shares of RTX during the 3rd quarter worth $4,296,000. Finally, Continuum Wealth Advisors LLC bought a new stake in shares of RTX during the 3rd quarter worth $220,000. 86.50% of the stock is owned by institutional investors.

About RTX

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.