RTX (NYSE:RTX) Stock Price Expected to Rise, Susquehanna Analyst Says

Key Points

• Susquehanna has increased RTX's price target from $175.00 to $205.00, suggesting a potential upside of 16.16% from the current price.
• The consensus rating for RTX is currently a "Moderate Buy", with a price target averaging $172.93 based on various analysts' evaluations.
• RTX reported a quarterly earnings per share of $1.70, exceeding expectations and showing an 11.9% year-over-year revenue increase.

RTX (NYSE:RTX - Get Free Report) had its price target increased by Susquehanna from $175.00 to $205.00 in a report issued on Wednesday, MarketBeat reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's target price suggests a potential upside of 16.16% from the company's current price.

A number of other equities analysts also recently weighed in on RTX. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. The Goldman Sachs Group boosted their price objective on shares of RTX from $151.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a research report on Monday, July 21st. Bank of America boosted their price target on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, UBS Group boosted their price target on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $172.93.

RTX Stock Performance

Shares of NYSE RTX traded up $3.44 during midday trading on Wednesday, reaching $176.48. The company's stock had a trading volume of 1,536,786 shares, compared to its average volume of 5,108,163. RTX has a 12-month low of $112.27 and a 12-month high of $178.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The firm has a 50 day moving average price of $159.66 and a 200-day moving average price of $146.50. The stock has a market capitalization of $236.23 billion, a P/E ratio of 38.82, a PEG ratio of 2.98 and a beta of 0.66.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $22.48 billion for the quarter, compared to analysts' expectations of $21.26 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. The business's quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts predict that RTX will post 6.11 earnings per share for the current year.

Insider Activity at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,173 shares of company stock valued at $8,724,406 over the last 90 days. Insiders own 0.15% of the company's stock.

Institutional Trading of RTX

A number of hedge funds have recently made changes to their positions in RTX. Norges Bank bought a new stake in RTX during the second quarter valued at $2,359,602,000. Nuveen LLC acquired a new position in shares of RTX during the first quarter valued at $916,739,000. Laurel Wealth Advisors LLC boosted its holdings in shares of RTX by 14,974.7% during the second quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company's stock valued at $525,518,000 after acquiring an additional 3,575,069 shares during the period. Vanguard Group Inc. raised its stake in shares of RTX by 1.9% during the second quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company's stock valued at $17,825,353,000 after purchasing an additional 2,238,247 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of RTX by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock valued at $845,784,000 after purchasing an additional 1,394,918 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

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.

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