RTX (NYSE:RTX) Upgraded at Citigroup

Citigroup upgraded shares of RTX (NYSE:RTX) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The firm currently has $153.00 target price on the stock, up from their previous target price of $132.00.

A number of other research firms also recently weighed in on RTX. Wells Fargo & Company raised their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. UBS Group lifted their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Finally, Barclays boosted their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.27.

RTX Stock Up 1.6 %

NYSE:RTX opened at $126.34 on Tuesday. The stock has a 50-day simple moving average of $118.25 and a 200 day simple moving average of $118.12. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The company has a market cap of $168.17 billion, a PE ratio of 36.10, a PEG ratio of 2.01 and a beta of 0.81. RTX has a 52-week low of $88.70 and a 52-week high of $128.70.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. On average, sell-side analysts expect that RTX will post 5.56 EPS for the current fiscal year.

Hedge Funds Weigh In On RTX

A number of hedge funds have recently bought and sold shares of the business. MidAtlantic Capital Management Inc. bought a new position in shares of RTX in the third quarter worth $29,000. Modus Advisors LLC bought a new stake in shares of RTX during the 4th quarter worth approximately $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the 3rd quarter worth approximately $41,000. Kimelman & Baird LLC bought a new position in RTX in the second quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC acquired a new position in RTX during the third quarter valued at approximately $50,000. 86.50% of the stock is owned by institutional investors.

About RTX

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.