A share price of RTX Corp [RTX] is currently trading at $120.53, up 1.16%. 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 1.35% over the last week, with a monthly amount drifted -5.25%, and not 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 October 03, 2024, when Deutsche Bank upgraded its rating to a Hold and also boosted its price target to $129 from $109. Previously, BofA Securities upgraded its rating to Buy on July 31, 2024, and elevated its price target to $140. On July 30, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $134 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $120 on March 14, 2024. BofA Securities upgraded its rating to a Neutral and raised its price target to $100 on January 25, 2024. Robert W. Baird downgraded its rating to Neutral for this stock on January 16, 2024, and upped its price target to $94. In a note dated November 15, 2023, Redburn Atlantic downgraded an Neutral rating on this stock.
RTX Corp experienced fluctuations in its stock price throughout the past year between $78.00 and $128.70. Currently, Wall Street analysts expect the stock to reach $118.4 within the next 12 months. RTX Corp [NYSE: RTX] shares were valued at $120.53 at the most recent close of the market. An investor can expect a potential drop of -1.77% based on the average RTX price forecast.
Analyzing the RTX fundamentals
Trailing Twelve Months sales for RTX Corp [NYSE:RTX] were 79.04B which represents 49.21% growth. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
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 119.30 points at the first support level, and at 118.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 121.32, and for the 2nd resistance point, it is at 122.11.
Ratios To Look Out For
To put it in perspective, the Current Ratio for RTX Corp [NYSE:RTX] is 0.99. Also, the Quick Ratio is 0.73, while the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 2.03, the price to book ratio is 2.63 and price to earnings (TTM) ratio is 34.42.
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.
