In yesterday’s Wall Street session, RTX Corp (NYSE:RTX) shares traded at $95.54, up 1.36% from the previous session.
RTX stock price is now 5.90% away from the 50-day moving average and 11.31% away from the 200-day moving average. The market capitalization of the company currently stands at $127.03B.
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With the price target enhanced from $100 to $120, Wells Fargo Upgraded its rating from Equal Weight to Overweight for RTX Corp (NYSE: RTX). On January 25, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $78 to quote $100, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, Williams Dantaya M, EVP & Chief HR Officer sold 105 shares of the company’s stock on Mar 08 ’24. The stock was sold for $9,507 at an average price of $90.54. Upon completion of the transaction, the EVP & Chief HR Officer now directly owns 33,667 shares in the company, valued at $3.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14 ’24, President, P&W Eddy Shane G sold 35,456 shares of the business’s stock. A total of $3,233,271 was realized by selling the stock at an average price of $91.19. This leaves the insider owning 6,741 shares of the company worth $0.64 million. A total of 0.11% of the company’s stock is owned by insiders.
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 0.76, a current ratio of 1.04, and a quick ratio of 0.78. According to the stock market information, the enterprise value for the company is $165.69B, which is based on a 42.68 price-to-earnings ratio, a 3.77 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for RTX is $90.41 and a two-hundred day moving average price translates $85.82 for the stock.
The latest earnings results from RTX Corp (NYSE: RTX) was released for Dec, 2023. According to the Aerospace & Defense Company, earnings per share came in at $1.29, beating analysts’ expectations of $1.24 by 0.05. This compares to $0.01 EPS in the same period last year. The net profit margin was 4.64% and return on equity was 4.83% for RTX. The company reported revenue of $19.93 billion for the quarter, compared to $18.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.14 percent. For the current quarter, analysts expect RTX to generate $18.36B in revenue.
