Susquehanna Cuts RTX (NYSE:RTX) Price Target to $139.00

by · The Markets Daily

RTX (NYSE:RTX – Get Free Report) had its price objective lowered by equities researchers at Susquehanna from $150.00 to $139.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price target would indicate a potential upside of 21.16% from the company’s current price.

Other analysts have also recently issued research reports about the stock. 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 note 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 report on Thursday, December 19th. Wells Fargo & Company raised RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $177.93.

Read Our Latest Research Report on RTX

RTX Stock Performance

NYSE:RTX traded down $0.08 during trading hours on Wednesday, hitting $114.72. 339,540 shares of the company traded hands, compared to its average volume of 2,747,462. The firm has a 50-day moving average of $118.48 and a 200 day moving average of $116.72. The stock has a market capitalization of $152.69 billion, a price-to-earnings ratio of 32.78, a P/E/G ratio of 2.08 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX has a twelve month low of $84.43 and a twelve month high of $128.70.

RTX (NYSE:RTX – Get Free Report) last posted 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. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 EPS. On average, analysts forecast that RTX will post 5.56 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Strathmore Capital Advisors Inc. acquired a new position in RTX in the fourth quarter valued at approximately $310,000. Spartan Planning & Wealth Management bought a new stake in shares of RTX during the 4th quarter valued at $224,000. Iowa State Bank lifted its stake in shares of RTX by 0.3% in the 4th quarter. Iowa State Bank now owns 35,413 shares of the company’s stock valued at $4,098,000 after purchasing an additional 109 shares during the period. CWA Asset Management Group LLC grew its stake in shares of RTX by 12.0% during the fourth quarter. CWA Asset Management Group LLC now owns 39,313 shares of the company’s stock worth $4,549,000 after purchasing an additional 4,198 shares during the period. Finally, First Citizens Financial Corp increased its holdings in RTX by 4.9% in the fourth quarter. First Citizens Financial Corp now owns 3,777 shares of the company’s stock valued at $437,000 after purchasing an additional 175 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

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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