In yesterday’s Wall Street session, RTX Corp (NYSE:RTX) shares traded at $128.78, down -0.29% from the previous session.
RTX stock price is now 7.25% away from the 50-day moving average and 12.06% away from the 200-day moving average. The market capitalization of the company currently stands at $171.55B.
With the price target enhanced from $132 to $153, Citigroup Upgraded its rating from Neutral to Buy for RTX Corp (NYSE: RTX). On January 02, 2025, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $131 to quote $140, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, Williams Dantaya M, EVP & Chief HR Officer sold 14,031 shares of the company’s stock on Feb 05 ’25. The stock was sold for $1,813,291 at an average price of $129.23. Upon completion of the transaction, the EVP & Chief HR Officer now directly owns 44,415 shares in the company, valued at $5.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 05 ’25, Officer Dantaya Williams bought 14,031 shares of the business’s stock. A total of $1,813,290 was incurred on buying the stock at an average price of $129.23. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, RTX Corp has had a low of $88.90 and a high of $132.43. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 0.99, and a quick ratio of 0.74. According to the stock market information, the enterprise value for the company is $205254606848, which is based on a 36.25 price-to-earnings ratio, a 3.76 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for RTX is $119.9114 and a two-hundred day moving average price translates $114.7882 for the stock.
The latest earnings results from RTX Corp (NYSE: RTX) was released for 2024-09-30. The net profit margin was 5.91% and return on equity was 7.96% for RTX. The company reported revenue of $20.09 billion for the quarter, compared to $13.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.21 percent.
