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

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

Several other research analysts also recently commented on RTX. BNP Paribas raised shares of RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Citigroup initiated coverage on RTX in a research note on Thursday. They set a “buy” rating and a $211.00 price target for the company. Susquehanna lifted their price objective on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Robert W. Baird set a $203.00 target price on RTX in a research report on Wednesday, October 22nd. Finally, Sanford C. Bernstein raised their target price on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $182.71.

RTX Trading Up 0.7%

RTX stock opened at $178.59 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. RTX has a 1-year low of $112.27 and a 1-year high of $181.31. The business has a 50 day simple moving average of $171.92 and a two-hundred day simple moving average of $159.00. The company has a market capitalization of $239.45 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.79 and a beta of 0.44.

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

Insiders Place Their Bets

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RTX

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

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.