RTX (NYSE:RTX) Coverage Initiated by Analysts at BNP Paribas Exane

BNP Paribas Exane initiated coverage on shares of RTX (NYSE:RTX) in a research note issued on Tuesday. The firm set an “outperform” rating and a $210.00 price target on the stock. BNP Paribas Exane’s target price suggests a potential upside of 19.92% from the company’s previous close.

RTX has been the topic of a number of other research reports. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. UBS Group upped their price target on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Barclays raised their price objective on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 target price on shares of RTX in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their target price on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $180.44.

RTX Price Performance

NYSE RTX traded down $0.52 on Tuesday, reaching $175.11. 440,704 shares of the stock traded hands, compared to its average volume of 5,024,921. The firm’s fifty day simple moving average is $167.32 and its 200 day simple moving average is $153.77. RTX has a 12 month low of $112.27 and a 12 month high of $181.31. The company has a market cap of $234.79 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 2.79 and a beta of 0.64. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58.

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

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of RTX by 0.6% during the third quarter. Vanguard Group Inc. now owns 122,775,221 shares of the company’s stock valued at $20,543,978,000 after purchasing an additional 700,487 shares in the last quarter. State Street Corp raised its stake in RTX by 0.5% during the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock worth $16,457,452,000 after buying an additional 552,009 shares during the last quarter. Capital Research Global Investors raised its position in shares of RTX by 1.1% in the 3rd quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock worth $12,750,087,000 after acquiring an additional 799,155 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of RTX by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 21,174,194 shares of the company’s stock valued at $3,543,078,000 after acquiring an additional 575,004 shares in the last quarter. Finally, Norges Bank bought a new position in shares of RTX during the 2nd quarter worth about $2,359,602,000. 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.