RTX (NYSE:RTX) PT Raised to $110.00 at Citigroup

RTX (NYSE:RTX) had its price target upped by stock analysts at Citigroup from $95.00 to $110.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 8.10% from the stock’s current price.

Several other analysts also recently weighed in on RTX. Barclays increased their target price on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Susquehanna increased their target price on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research note on Wednesday. Wells Fargo & Company restated an “overweight” rating and set a $120.00 target price on shares of RTX in a research note on Monday, April 1st. Bank of America increased their target price on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Royal Bank of Canada increased their target price on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.27.

RTX Stock Performance

Shares of NYSE RTX opened at $101.76 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 1.07. The firm has a market cap of $135.30 billion, a price-to-earnings ratio of 39.90, a P/E/G ratio of 1.84 and a beta of 0.88. The business’s 50-day simple moving average is $95.36 and its 200-day simple moving average is $87.31. RTX has a 52 week low of $68.56 and a 52 week high of $103.89.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. As a group, equities research analysts expect that RTX will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the transaction, the chief operating officer now owns 56,707 shares in the company, valued at approximately $5,252,769.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the transaction, the chief operating officer now owns 56,707 shares in the company, valued at approximately $5,252,769.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the transaction, the executive vice president now owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock worth $3,448,188 in the last 90 days. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On RTX

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bear Mountain Capital Inc. acquired a new stake in shares of RTX in the 4th quarter valued at $25,000. Planned Solutions Inc. acquired a new stake in shares of RTX in the 4th quarter valued at $30,000. Strengthening Families & Communities LLC acquired a new stake in shares of RTX in the 3rd quarter valued at $28,000. Alaska Permanent Fund Corp acquired a new stake in shares of RTX in the 1st quarter valued at $42,000. Finally, Financial Gravity Asset Management Inc. increased its stake in shares of RTX by 352.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 345 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

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.