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RTX (NYSE:RTX) Price Target Raised to $156.00 at Wells Fargo & Company

RTX logo with Aerospace background

RTX (NYSE:RTX - Get Free Report) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $151.00 to $156.00 in a report released on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective points to a potential upside of 20.85% from the company's previous close.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday. TD Cowen upgraded shares of RTX to a "strong-buy" rating in a report on Tuesday, October 8th. Royal Bank of Canada lifted their price objective on RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday. Susquehanna increased their target price on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research note on Wednesday. Finally, UBS Group raised their target price on RTX from $128.00 to $142.00 and gave the company a "neutral" rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, RTX currently has an average rating of "Moderate Buy" and an average price target of $163.07.

Read Our Latest Stock Report on RTX

RTX Stock Up 0.1 %

RTX traded up $0.10 during midday trading on Thursday, hitting $129.08. 5,568,644 shares of the company's stock traded hands, compared to its average volume of 4,193,833. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.73. The company has a market cap of $171.81 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The stock's fifty day simple moving average is $119.14 and its 200-day simple moving average is $119.40. RTX has a one year low of $88.90 and a one year high of $132.43.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities analysts anticipate that RTX will post 6.1 earnings per share for the current fiscal year.

Institutional Trading of RTX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of RTX by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock valued at $3,290,622,000 after purchasing an additional 508,344 shares in the last quarter. Fisher Asset Management LLC boosted its position in RTX by 4.8% in the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company's stock valued at $2,238,004,000 after buying an additional 852,183 shares in the last quarter. FMR LLC grew its stake in RTX by 8.7% during the third quarter. FMR LLC now owns 6,102,848 shares of the company's stock worth $739,421,000 after buying an additional 490,109 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of RTX by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,886,614 shares of the company's stock worth $713,222,000 after buying an additional 140,697 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of RTX by 0.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,963,067 shares of the company's stock valued at $342,886,000 after acquiring an additional 25,407 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

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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