RTX (NYSE:RTX) Upgraded at Vertical Research

Vertical Research upgraded shares of RTX (NYSE:RTX) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

RTX has been the topic of several other reports. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Royal Bank of Canada boosted their target price on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Susquehanna raised their price objective on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $163.07.

RTX Price Performance

RTX stock opened at $129.14 on Tuesday. RTX has a 1 year low of $88.90 and a 1 year high of $132.43. 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 firm has a market capitalization of $171.89 billion, a P/E ratio of 36.38, a PEG ratio of 1.99 and a beta of 0.81. The business has a 50-day moving average of $118.97 and a 200-day moving average of $119.00.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities analysts anticipate that RTX will post 6.1 EPS for the current year.

Hedge Funds Weigh In On RTX

Hedge funds have recently modified their holdings of the business. MidAtlantic Capital Management Inc. acquired a new position in RTX during the 3rd quarter worth about $29,000. Modus Advisors LLC bought a new position in shares of RTX during the fourth quarter worth about $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX in the fourth quarter worth approximately $40,000. Western Pacific Wealth Management LP acquired a new stake in RTX during the 3rd quarter valued at approximately $41,000. Finally, Iron Horse Wealth Management LLC raised its holdings in 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 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.