RTX Corp [RTX] stock prices are up 1.73% to $105.74 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RTX shares have gain 3.78% over the last week, with a monthly amount glided 4.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
RTX Corp [NYSE: RTX] stock has seen the most recent analyst activity on March 14, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $120 from $100. Previously, BofA Securities upgraded its rating to Neutral on January 25, 2024, and elevated its price target to $100. On January 16, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $94 on the stock. Redburn Atlantic downgraded its rating to a Neutral. DZ Bank downgraded its rating to a Sell and reduced its price target to $68 on October 27, 2023. UBS downgraded its rating to Neutral for this stock on October 11, 2023, and downed its price target to $80. In a note dated September 29, 2023, Alembic Global Advisors initiated an Neutral rating and provided a target price of $81 on this stock.
The stock price of RTX Corp [RTX] has been fluctuating between $68.56 and $104.09 over the past year. Currently, Wall Street analysts expect the stock to reach $103.6 within the next 12 months. RTX Corp [NYSE: RTX] shares were valued at $105.74 at the most recent close of the market. An investor can expect a potential drop of -2.02% based on the average RTX price forecast.
Analyzing the RTX fundamentals
The RTX Corp [NYSE:RTX] reported sales of 71.01B for trailing twelve months, representing a surge of 12.15%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.71.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 104.63 points at the first support level, and at 103.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 106.31, and for the 2nd resistance point, it is at 106.87.
RTX Corp [RTX] reported earnings per share of $1.34 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.23/share, meaning a difference of $0.11 and a surprise factor of 8.90%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.29 per share as compared to estimates of $1.24 per share, a difference of $0.05 representing a surprise of 4.00%.
Ratios To Look Out For
It’s worth pointing out that RTX Corp [NYSE:RTX]’s Current Ratio is 1.07. On the other hand, the Quick Ratio is 0.79, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 1.98, the price to book ratio is 2.32 and price to earnings (TTM) ratio is 41.48.
Transactions by insiders
Recent insider trading involved Ortberg Robert Kelly, Director, that happened on Apr 30 ’24 when 10295.0 shares were sold. Chairman and CEO, HAYES GREGORY completed a deal on Apr 25 ’24 to sell 89762.0 shares. Meanwhile, EVP & Chief HR Officer Williams Dantaya M sold 105.0 shares on Mar 08 ’24.
