RTX (NYSE:RTX) Downgraded by Wall Street Zen to Buy

RTX (NYSE:RTX) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

Several other analysts have also recently commented on RTX. Sanford C. Bernstein upped their target price on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Jefferies Financial Group reissued a “hold” rating and issued a $190.00 price target on shares of RTX in a research report on Tuesday, November 25th. BNP Paribas upgraded RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. The Goldman Sachs Group raised their price objective on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, Susquehanna upped their price target on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $182.71.

RTX Stock Performance

NYSE:RTX opened at $178.59 on Friday. The stock’s 50-day simple moving average is $171.92 and its 200 day simple moving average is $159.00. RTX has a twelve month low of $112.27 and a twelve month high of $181.31. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $239.45 billion, a PE ratio of 36.67, a price-to-earnings-growth ratio of 2.79 and a beta of 0.44.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts anticipate that RTX will post 6.11 EPS for the current fiscal year.

Insider Activity

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

Institutional Trading of RTX

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas purchased a new stake in shares of RTX in the 3rd quarter worth about $25,000. PFS Partners LLC raised its stake in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new position in RTX in the second quarter valued at about $29,000. Valley Wealth Managers Inc. bought a new stake in RTX during the third quarter valued at approximately $30,000. Finally, Access Investment Management LLC purchased a new stake in shares of RTX in the 2nd quarter worth $31,000. 86.50% of the stock is currently 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.