RTX (NYSE:RTX) Upgraded to “Strong-Buy” at Vertical Research

RTX (NYSE:RTX) was upgraded by equities researchers at Vertical Research to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America lifted their target price on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley raised their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Barclays raised their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Stock Up 3.2 %

Shares of NYSE RTX opened at $129.14 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.73. RTX has a 1 year low of $88.90 and a 1 year high of $132.43. The stock has a market capitalization of $171.89 billion, a P/E ratio of 36.38, a P/E/G ratio of 1.99 and a beta of 0.81. The company has a 50-day moving average price of $118.97 and a 200-day moving average price of $119.00.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities research analysts forecast that RTX will post 6.1 EPS for the current fiscal year.

Hedge Funds Weigh In On RTX

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of RTX by 1.9% in the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after buying an additional 508,344 shares in the last quarter. Fisher Asset Management LLC grew its stake in RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after buying an additional 852,183 shares in the last quarter. FMR LLC raised its position in shares of RTX by 8.7% during the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after buying an additional 490,109 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of RTX by 2.4% during the 3rd 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 acquiring an additional 140,697 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in 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. 86.50% of the stock is currently owned by 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.