At the time of writing, RTX Corp [RTX] stock is trading at $124.39, up 2.67%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RTX shares have gain 3.62% over the last week, with a monthly amount glided 0.85%, 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 July 31, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $140 from $110. Previously, Alembic Global Advisors upgraded its rating to Overweight on July 30, 2024, and kept the price target unchanged to $134. On March 14, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $120 on the stock. BofA Securities upgraded its rating to a Neutral and increased its price target to $100 on January 25, 2024. Robert W. Baird downgraded its rating to a Neutral and raised its price target to $94 on January 16, 2024. Redburn Atlantic downgraded its rating to Neutral for this stock on November 15, 2023. In a note dated October 27, 2023, DZ Bank downgraded an Sell rating on this stock and revised its target price from $79 to $68.
For the past year, the stock price of RTX Corp fluctuated between $68.56 and $123.70. Currently, Wall Street analysts expect the stock to reach $108.65 within the next 12 months. RTX Corp [NYSE: RTX] shares were valued at $124.39 at the most recent close of the market. An investor can expect a potential drop of -12.65% based on the average RTX price forecast.
Analyzing the RTX fundamentals
According to RTX Corp [NYSE:RTX], the company’s sales were 72.42B for trailing twelve months, which represents an 7.68% jump. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.71.
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 121.49 points at the first support level, and at 118.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 125.94, and for the 2nd resistance point, it is at 127.49.
Ratios To Look Out For
It is important to note that RTX Corp [NYSE:RTX] has a current ratio of 0.99. Also, the Quick Ratio is 0.73, while the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 2.28, the price to book ratio is 2.81 and price to earnings (TTM) ratio is 71.97.
Transactions by insiders
Recent insider trading involved HAYES GREGORY, Executive Chairman, that happened on Jul 31 ’24 when 0.13 million shares were sold. EVP, Chief Financial Officer, Mitchill Neil G. JR completed a deal on Jul 30 ’24 to sell 4322.0 shares. Meanwhile, Officer Gregory Hayes bought 0.13 million shares on Jul 31 ’24.
