Raytheon Technologies Corporation [RTX] has traded in a range of $40.71 to $93.45 in the last 1 year. As of this writing, the stock is at $60.49, up 0.92%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, RTX shares are -0.51% down with the monthly amount drift of -3.86% and seems bad in a long time frame.

On 14, October 2020, Raytheon Technologies Board of Directors Declares Quarterly Cash Dividend. According to news published on Yahoo Finance, Raytheon Technologies Corporation (NYSE: RTX) announced today that its Board of Directors has declared a dividend of 47.5 cents per outstanding share of RTX common stock. The dividend will be payable on Dec. 17, 2020 to shareowners of record at the close of business on Nov. 13, 2020.

Analyst Birdseye View:

The most recent analyst activity for Raytheon Technologies Corporation [NYSE:RTX] stock was on July 29, 2020, when it was Downgrade with a Hold rating from Argus. Before that, on September 08, 2020, Morgan Stanley Recapitulated an Overweight rating and elevated its amount target to $89. On July 10, 2020, Vertical Research Upgrade a Buy rating and boosted its price target on this stock to $77. On May 21, 2020, RBC Capital Mkts Initiated an Outperform rating and increased its price target to $69. On April 15, 2020, Goldman Resumed a Buy rating and increased its price target to $76. On April 15, 2020, JP Morgan Downgrade a Neutral rating. On April 08, 2020, Vertical Research Initiated a Hold rating and boosted its target amount on this stock to $58. On April 07, 2020 Bernstein Initiated a Mkt perform rating and elevated its amount target to $62.

In the past 52 weeks of trading, this stock has oscillated between a low of $40.71 and a peak of $93.45. Right now, according to Wall Street analyst the average 12-month amount target is $78.18. At the most recent market close, shares of Raytheon Technologies Corporation [NYSE:RTX] were valued at $60.49. According to the average price forecast, investors can expect a potential return of -1.36%.

FUNDAMENTAL ANALYSIS

This company’s Gross Margin is currently 23.40% and its Operating Margin is 2.90%.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 59.44 points at 1st support level, the second support level is making up to 58.39. But as of 1st resistance point, this stock is sitting at 61.02 and at 61.55 for 2nd resistance point.

Raytheon Technologies Corporation [RTX] reported its earnings at $0.4 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.12/share signifying the difference of 0.28 and 233.30% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $1.02 calling estimates for $1.22/share with the difference of -0.2 depicting the surprise of -16.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Raytheon Technologies Corporation [NYSE:RTX] is 1.20. Now if looking for a valuation of this stock’s showing 148.26 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Winnefeld James A Jr, Director, and it was the purchase of 407.0 shares on Jul 31.