RTX Corp [RTX] stock prices are down -2.53% to $114.45 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RTX shares have lost -2.13% over the last week, with a monthly amount drifted -4.14%, 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.
The stock price of RTX Corp [RTX] has been fluctuating between $80.36 and $128.70 over the past year. Currently, Wall Street analysts expect the stock to reach $131.6 within the next 12 months. RTX Corp [NYSE: RTX] shares were valued at $114.45 at the most recent close of the market. An investor can expect a potential return of 14.98% based on the average RTX price forecast.
Analyzing the RTX fundamentals
The RTX Corp [NYSE:RTX] reported sales of 79.04B for trailing twelve months, representing a surge of 49.21%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.
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 113.40 points at the first support level, and at 112.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 116.48, and for the 2nd resistance point, it is at 118.50.
Ratios To Look Out For
It’s worth pointing out that RTX Corp [NYSE:RTX]’s Current Ratio is 0.99. On the other hand, the Quick Ratio is 0.73, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 1.93, the price to book ratio is 2.49 and price to earnings (TTM) ratio is 32.69.
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.
