RTX (NYSE:RTX) Stock Rating Lowered by StockNews.com

RTX (NYSE:RTX) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Several other equities research analysts have also weighed in on RTX. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday. Susquehanna lifted their price target on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday. UBS Group increased their price objective on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $161.73.

RTX Stock Down 2.4 %

Shares of NYSE RTX traded down $3.10 during trading on Wednesday, reaching $125.25. 5,177,392 shares of the stock were exchanged, compared to its average volume of 4,659,668. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. RTX has a twelve month low of $88.90 and a twelve month high of $132.43. The business’s 50-day moving average price is $118.79 and its 200 day moving average price is $118.93. The company has a market capitalization of $166.71 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. As a group, equities analysts forecast that RTX will post 5.56 EPS for the current fiscal year.

Hedge Funds Weigh In On RTX

Several large investors have recently bought and sold shares of RTX. Avestar Capital LLC lifted its stake in RTX by 0.6% during the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after purchasing an additional 85 shares during the period. Arbor Wealth Advisors LLC lifted its holdings in shares of RTX by 3.7% during the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock valued at $276,000 after acquiring an additional 85 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in shares of RTX by 0.7% during the fourth quarter. Moloney Securities Asset Management LLC now owns 12,798 shares of the company’s stock valued at $1,481,000 after acquiring an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of RTX by 20.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC lifted its holdings in RTX by 3.7% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after purchasing an additional 86 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.