In Friday’s Wall Street session, RTX Corp (NYSE:RTX) shares traded at $106.32, up 0.55% from the previous session.
RTX stock price is now 8.89% away from the 50-day moving average and 23.06% away from the 200-day moving average. The market capitalization of the company currently stands at $141.35B.
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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, Ortberg Robert Kelly, Director sold 10,295 shares of the company’s stock on Apr 30 ’24. The stock was sold for $1,049,732 at an average price of $101.97. Upon completion of the transaction, the Director now directly owns 129,120 shares in the company, valued at $13.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 25 ’24, Chairman and CEO HAYES GREGORY sold 89,762 shares of the business’s stock. A total of $9,105,531 was realized by selling the stock at an average price of $101.44. This leaves the insider owning 636,759 shares of the company worth $67.7 million. A total of 0.10% 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 $105.76. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 1.07, and a quick ratio of 0.79.
According to the Aerospace & Defense Company, earnings per share came in at 1.29, beating analysts’ expectations of 1.18 by 0.11. This compares to $1.00 EPS in the same period last year. The net profit margin was 4.90% and return on equity was 5.22% for RTX. The company reported revenue of $19.3 billion for the quarter, compared to $17.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.15 percent. For the current quarter, analysts expect RTX to generate $19.27B in revenue.
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