In yesterday’s Wall Street session, RTX Corp (NYSE:RTX) shares traded at $101.57, down -0.38% from the previous session.
RTX stock price is now -2.52% away from the 50-day moving average and 13.61% away from the 200-day moving average. The market capitalization of the company currently stands at $135.04B.
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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, Timm Stephen J., President, Collins Aerospace sold 19,880 shares of the company’s stock on May 10 ’24. The stock was sold for $2,101,624 at an average price of $105.72. Upon completion of the transaction, the President, Collins Aerospace now directly owns 149,050 shares in the company, valued at $15.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 30 ’24, Director Ortberg Robert Kelly sold 10,295 shares of the business’s stock. A total of $1,049,732 was realized by selling the stock at an average price of $101.97. This leaves the insider owning 129,120 shares of the company worth $13.11 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 $108.65. 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 stock market information, the enterprise value for the company is $175326150656, which is based on a 39.84 price-to-earnings ratio, a 3.48 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for RTX is $104.2278 and a two-hundred day moving average price translates $89.48485 for the stock.
The latest earnings results from RTX Corp (NYSE: RTX) was released for 2024-03-31. 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.
