RTX (NYSE:RTX) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of RTX (NYSE:RTX) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Several other equities analysts also recently issued reports on the stock. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Barclays boosted their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. UBS Group boosted their target price on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $161.73.

RTX Price Performance

Shares of RTX stock opened at $125.25 on Wednesday. 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 firm’s 50-day simple moving average is $118.79 and its 200-day simple moving average is $118.93. RTX has a twelve month low of $88.90 and a twelve month high of $132.43. The firm has a market cap of $166.71 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. As a group, research analysts expect that RTX will post 5.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RTX. Ascent Group LLC bought a new stake in RTX during the second quarter worth $251,000. KPP Advisory Services LLC raised its position in shares of RTX by 7.2% in the second quarter. KPP Advisory Services LLC now owns 5,203 shares of the company’s stock valued at $522,000 after purchasing an additional 351 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of RTX in the second quarter valued at about $132,000. Brown Financial Advisors bought a new position in shares of RTX in the second quarter valued at about $715,000. Finally, Sanctuary Advisors LLC bought a new position in shares of RTX in the second quarter valued at about $35,285,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

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.