RTX (NYSE:RTX) Given New $147.00 Price Target at Susquehanna

RTX (NYSE:RTX) had its target price boosted by equities researchers at Susquehanna from $139.00 to $147.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s target price indicates a potential upside of 16.42% from the stock’s previous close.

Several other equities analysts also recently commented on RTX. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Wells Fargo & Company increased their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average price target of $160.73.

RTX Price Performance

RTX stock traded down $2.09 during trading on Wednesday, reaching $126.27. The company’s stock had a trading volume of 1,277,525 shares, compared to its average volume of 4,434,619. 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’s fifty day moving average is $118.67 and its 200-day moving average is $118.89. The company has a market capitalization of $168.06 billion, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. RTX has a 1 year low of $88.90 and a 1 year high of $132.43.

RTX (NYSE:RTX) last released its earnings results 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 11.96% and a net margin of 5.97%. On average, research analysts expect that RTX will post 5.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RTX

A number of large investors have recently made changes to their positions in RTX. Ascent Group LLC purchased a new stake in shares of RTX in the second quarter worth approximately $251,000. KPP Advisory Services LLC increased its stake in RTX by 7.2% in the second quarter. KPP Advisory Services LLC now owns 5,203 shares of the company’s stock worth $522,000 after purchasing an additional 351 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in RTX in the second quarter worth $132,000. Brown Financial Advisors purchased a new stake in shares of RTX during the second quarter valued at $715,000. Finally, Sanctuary Advisors LLC bought a new position in shares of RTX in the second quarter worth about $35,285,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

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.