Susquehanna Has Lowered Expectations for RTX (NYSE:RTX) Stock Price

RTX (NYSE:RTX - Get Free Report) had its target price cut by analysts at Susquehanna from $147.00 to $140.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's target price indicates a potential upside of 15.34% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. 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 research note on Wednesday, January 29th. StockNews.com cut shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada upped their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, RTX has an average rating of "Buy" and a consensus price target of $164.20.

RTX Stock Performance

Shares of RTX stock traded up $7.63 during midday trading on Wednesday, hitting $121.38. The company had a trading volume of 3,406,046 shares, compared to its average volume of 5,499,199. RTX has a 1-year low of $99.07 and a 1-year high of $136.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The business's 50 day simple moving average is $128.33 and its two-hundred day simple moving average is $123.77. The stock has a market cap of $162.05 billion, a PE ratio of 34.19, a P/E/G ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The firm had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. As a group, equities analysts predict that RTX will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the sale, the chief financial officer now directly owns 59,556 shares in the company, valued at approximately $7,763,124.60. This trade represents a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RTX

Hedge funds have recently bought and sold shares of the company. 10Elms LLP acquired a new stake in RTX in the fourth quarter worth $29,000. Fairway Wealth LLC acquired a new stake in shares of RTX during the fourth quarter worth $31,000. Picton Mahoney Asset Management raised its holdings in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after acquiring an additional 265 shares during the period. Greenline Partners LLC acquired a new stake in shares of RTX during the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of RTX during the fourth quarter worth $39,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

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.

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