RTX (NYSE:RTX) Price Target Raised to $135.00

RTX (NYSE:RTX) had its price objective upped by Morgan Stanley from $130.00 to $135.00 in a report issued on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research firms have also weighed in on RTX. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. increased their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays boosted their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, Susquehanna boosted their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday. Six investment 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Trading Up 0.1 %

NYSE:RTX opened at $129.08 on Wednesday. The company has a market cap of $171.81 billion, a PE ratio of 36.36, a P/E/G ratio of 1.99 and a beta of 0.81. The business’s 50 day moving average is $119.14 and its two-hundred day moving average is $119.20. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX has a 52 week low of $88.90 and a 52 week high of $132.43.

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

Institutional Trading of RTX

Institutional investors have recently made changes to their positions in the stock. MidAtlantic Capital Management Inc. bought a new stake in RTX during the third quarter worth approximately $29,000. Modus Advisors LLC bought a new stake in shares of RTX in the 4th quarter worth $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX in the fourth quarter valued at $40,000. Western Pacific Wealth Management LP bought a new position in RTX during the third quarter valued at about $41,000. Finally, Iron Horse Wealth Management LLC grew its holdings in RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after acquiring an additional 279 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

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.