RTX (NYSE:RTX) Stock Rating Upgraded by Citigroup

RTX (NYSE:RTXGet Free Report) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a $153.00 target price on the stock, up from their previous target price of $132.00. Citigroup’s price objective would indicate a potential upside of 26.14% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and raised their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Susquehanna reduced their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.27.

View Our Latest Analysis on RTX

RTX Stock Up 0.7 %

Shares of NYSE RTX opened at $121.30 on Tuesday. RTX has a 12-month low of $84.43 and a 12-month high of $128.70. The firm’s 50-day simple moving average is $118.03 and its 200 day simple moving average is $117.84. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The company has a market cap of $161.45 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. RTX’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts expect that RTX will post 5.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RTX

Several institutional investors have recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. acquired a new position in RTX during the 3rd quarter worth approximately $29,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX in the third quarter worth $41,000. Modus Advisors LLC acquired a new position in RTX during the fourth quarter worth $39,000. ORG Wealth Partners LLC bought a new position in RTX in the third quarter valued at $50,000. Finally, Kimelman & Baird LLC acquired a new position in shares of RTX during the 2nd quarter worth about $46,000. 86.50% of the stock is owned by institutional investors.

RTX Company Profile

(Get Free Report)

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.

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Analyst Recommendations for RTX (NYSE:RTX)

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