In yesterday’s Wall Street session, RTX Corp (NYSE:RTX) shares traded at $116.86, up 0.22% from the previous session.
RTX stock price is now 9.40% away from the 50-day moving average and 22.97% away from the 200-day moving average. The market capitalization of the company currently stands at $155.45B.
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With the price target enhanced from $110 to $140, BofA Securities Upgraded its rating from Neutral to Buy for RTX Corp (NYSE: RTX). On July 30, 2024, Alembic Global Advisors Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $134, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Gregory Hayes, Officer bought 134,887 shares of the company’s stock on Jul 31 ’24. The stock was bought for $15,880,930 at an average price of $117.74. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 31 ’24, Executive Chairman HAYES GREGORY sold 134,887 shares of the business’s stock. A total of $15,880,937 was realized by selling the stock at an average price of $117.74. This leaves the insider owning 566,723 shares of the company worth $66.23 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 $118.30. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 0.99, and a quick ratio of 0.73. According to the stock market information, the enterprise value for the company is $194885140480, which is based on a 67.61 price-to-earnings ratio, a 6.17 price-to-earnings-growth ratio, and a beta of 0.88. The fifty day moving average price for RTX is $107.0014 and a two-hundred day moving average price translates $95.2241 for the stock.
The latest earnings results from RTX Corp (NYSE: RTX) was released for 2024-06-30. The net profit margin was 3.12% and return on equity was 3.44% for RTX. The company reported revenue of $19.72 billion for the quarter, compared to $18.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.68 percent.
