Raytheon Technologies (NYSE:RTX) had its price target boosted by research analysts at Susquehanna from $83.00 to $91.00 in a research note issued to investors on Monday, The Fly reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price suggests a potential upside of 17.12% from the stock’s current price.
Several other equities analysts have also commented on the stock. Zacks Investment Research raised shares of Raytheon Technologies from a “sell” rating to a “hold” rating and set a $72.00 target price on the stock in a report on Friday, January 29th. DZ Bank raised shares of Raytheon Technologies from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Thursday, December 17th. Wolfe Research initiated coverage on shares of Raytheon Technologies in a report on Friday, April 9th. They issued an “outperform” rating and a $97.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Raytheon Technologies from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 15th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Raytheon Technologies has a consensus rating of “Buy” and a consensus target price of $80.44.
NYSE:RTX opened at $77.70 on Monday. Raytheon Technologies has a 52 week low of $51.13 and a 52 week high of $80.06. The firm has a market cap of $118.06 billion, a price-to-earnings ratio of -66.98, a P/E/G ratio of 1.67 and a beta of 1.39. The firm’s 50-day simple moving average is $76.67 and its 200 day simple moving average is $69.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.22.
Large investors have recently bought and sold shares of the stock. Fort Pitt Capital Group LLC acquired a new stake in Raytheon Technologies during the 4th quarter worth approximately $21,733,000. IronBridge Private Wealth LLC acquired a new stake in Raytheon Technologies during the 4th quarter worth approximately $29,000. Annapolis Financial Services LLC acquired a new stake in Raytheon Technologies during the 4th quarter worth approximately $30,000. JJJ Advisors Inc. boosted its position in Raytheon Technologies by 52.5% during the 4th quarter. JJJ Advisors Inc. now owns 453 shares of the company’s stock worth $32,000 after buying an additional 156 shares during the period. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of Raytheon Technologies in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 75.09% of the company’s stock.
Raytheon Technologies Company Profile
Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.
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