Does RTX Corp (NYSE:RTX) have deteriorating prospects?

RTX Corp (NYSE:RTX) shares traded -1.63% lower at $80.69 on Wall Street last session.

In accordance with the data, 26 analysts cover RTX Corp (NYSE:RTX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $75.00, we find $86.50. Given the previous closing price of $82.03, this indicates a potential upside of 5.45 percent. RTX stock price is now 5.55% away from the 50-day moving average and -11.17% away from the 200-day moving average. The market capitalization of the company currently stands at $116.02B.

It has been rated a hold by 12 analysts and a buy by 9. Brokers who have rated the stock have averaged $89.11 as their price target over the next twelve months.

With the price target reduced from $79 to $68, DZ Bank Downgraded its rating from Hold to Sell for RTX Corp (NYSE: RTX).

In other news, Winnefeld James A Jr, Director bought 100 shares of the company’s stock on Jul 26. The stock was bought for $8,682 at an average price of $86.82. Upon completion of the transaction, the Director now directly owns 7,800 shares in the company, valued at $0.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28, Corporate VP and Controller Johnson Amy L sold 3,622 shares of the business’s stock. A total of $356,952 was realized by selling the stock at an average price of $98.55. This leaves the insider owning 4,061 shares of the company worth $0.33 million. Insiders disposed of 135,066 shares of company stock worth roughly $10.9 million over the past 1 year. A total of 0.08% of the company’s stock is owned by insiders.

RTX Corp (NYSE: RTX) opened at $82.18 on Tuesday. During the past 12 months, RTX Corp has had a low of $68.56 and a high of $104.91. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 1.03, and a quick ratio of 0.77. According to the stock market information, the enterprise value for the company is $149.28B, which is based on a 37.45 price-to-earnings ratio, a 3.35 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for RTX is $76.45 and a two-hundred day moving average price translates $90.84 for the stock.

The latest earnings results from RTX Corp (NYSE: RTX) was released for Sep, 2023. The net profit margin was 4.76% and return on equity was 4.57% for RTX. The company reported revenue of $13.46 billion for the quarter, compared to $16.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.57 percent. For the current quarter, analysts expect RTX to generate $19.7B in revenue.

RTX Corp(RTX) Company Profile

RTX 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, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations. This segment also designs, produces, and supports cabin interior, oxygen systems, food and beverage preparation, storage and galley systems, and lavatory and wastewater management systems; airborne intelligence, surveillance and reconnaissance systems, test and training range systems, crew escape systems, and simulation and training solutions; information management services; and aftermarket services that include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and asset management services. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units. The Raytheon Intelligence & Space segment develops and provides integrated space, communication, and sensor systems, and cyber and software solutions to intelligence, defense, federal, and commercial customers. The Raytheon Missiles & Defense segment provides end-to-end solutions for U.S. and foreign government customers designed to detect, track, and engage threats. The company was formerly known as Raytheon Technologies Corporation and changed its name to RTX Corporation in July 2023. RTX Corporation was incorporated in 1934 and is headquartered in Arlington, Virginia.