RTX Co. (NYSE:RTX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of RTX Co. (NYSE:RTX) have received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $156.87.

Several research firms have recently issued reports on RTX. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Citigroup lifted their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Morgan Stanley boosted their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna reduced their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday.

RTX Price Performance

Shares of NYSE:RTX opened at $115.06 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX has a 1-year low of $84.43 and a 1-year high of $128.70. The company has a market capitalization of $153.15 billion, a P/E ratio of 32.87, a P/E/G ratio of 2.08 and a beta of 0.81. The firm’s 50 day simple moving average is $118.26 and its two-hundred day simple moving average is $116.71.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lantz Financial LLC boosted its stake in shares of RTX by 8.0% during the second quarter. Lantz Financial LLC now owns 2,757 shares of the company’s stock valued at $277,000 after purchasing an additional 204 shares during the period. Larson Financial Group LLC boosted its stake in shares of RTX by 97.1% during the second quarter. Larson Financial Group LLC now owns 4,168 shares of the company’s stock valued at $418,000 after purchasing an additional 2,053 shares during the period. Sterling Investment Advisors Ltd. boosted its stake in shares of RTX by 41.0% during the second quarter. Sterling Investment Advisors Ltd. now owns 4,125 shares of the company’s stock valued at $414,000 after purchasing an additional 1,200 shares during the period. Hourglass Capital LLC purchased a new stake in shares of RTX during the second quarter valued at $301,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of RTX by 0.8% during the second quarter. Parkside Financial Bank & Trust now owns 12,521 shares of the company’s stock valued at $1,257,000 after purchasing an additional 102 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

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.