RTX (NYSE:RTX) Price Target Raised to $119.00 at Susquehanna

RTX (NYSE:RTX) had its price target lifted by stock analysts at Susquehanna from $110.00 to $119.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price target indicates a potential upside of 17.43% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Robert W. Baird increased their price target on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Bank of America raised RTX from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $78.00 to $100.00 in a report on Thursday, January 25th. Royal Bank of Canada increased their price target on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Finally, UBS Group increased their price target on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $94.00.

RTX Price Performance

RTX stock opened at $101.34 on Wednesday. The company has a market capitalization of $134.75 billion, a P/E ratio of 45.24, a PEG ratio of 1.85 and a beta of 0.88. RTX has a twelve month low of $68.56 and a twelve month high of $103.89. The business has a 50 day simple moving average of $94.97 and a 200-day simple moving average of $87.12. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. The business had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.27 earnings per share. As a group, equities analysts anticipate that RTX will post 5.39 EPS for the current year.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the transaction, the chief financial officer now owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of RTX

A number of large investors have recently made changes to their positions in RTX. Bear Mountain Capital Inc. acquired a new stake in shares of RTX during the fourth quarter valued at $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of RTX during the third quarter valued at $28,000. Planned Solutions Inc. acquired a new stake in shares of RTX during the fourth quarter valued at $30,000. Financial Gravity Asset Management Inc. boosted its stake in shares of RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 345 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its stake in shares of RTX by 37.4% during the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

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.