RTX Corporation (NYSE:RTX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

RTX Corporation (NYSE:RTXGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $211.3750.

Several analysts have weighed in on RTX shares. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Morgan Stanley lowered their price objective on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings downgraded RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Jefferies Financial Group upgraded RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $210.00 to $220.00 in a research report on Thursday, June 4th. Finally, Citigroup restated a “buy” rating on shares of RTX in a report on Wednesday.

Check Out Our Latest Research Report on RTX

Trending Headlines about RTX

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RTX Stock Performance

Shares of RTX stock opened at $192.31 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. RTX has a fifty-two week low of $140.47 and a fifty-two week high of $214.50. The stock has a 50 day moving average price of $182.44 and a two-hundred day moving average price of $189.41. The company has a market capitalization of $258.98 billion, a P/E ratio of 36.08, a PEG ratio of 2.65 and a beta of 0.31.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Analysts expect that RTX will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were issued a dividend of $0.73 per share. This is a boost from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 22nd. RTX’s dividend payout ratio is currently 54.78%.

Hedge Funds Weigh In On RTX

A number of hedge funds and other institutional investors have recently made changes to their positions in RTX. BNP Paribas bought a new position in shares of RTX during the third quarter valued at approximately $25,000. Navalign LLC bought a new position in shares of RTX during the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of RTX during the fourth quarter valued at approximately $26,000. Core Wealth Advisors LLC bought a new position in shares of RTX during the fourth quarter valued at approximately $31,000. Finally, 1 North Wealth Services LLC raised its holdings in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Company Profile

(Get Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Analyst Recommendations for RTX (NYSE:RTX)

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