Raytheon Technologies Corporation [NYSE: RTX] closed the trading session at $69.67 on 12/21/20. The day’s price range saw the stock hit a low of $67.78, while the highest price level was $70.24. The company report on December 22, 2020 that SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF REMINDS BSX, RTX, SPLK INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits.
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending deadlines in the following securities class action lawsuits:.
Raytheon Technologies Corporation f/k/a Raytheon Company (RTX, RTN) Class Period: 2/10/2016-10/27/2020Lead Plaintiff Motion Deadline: December 29, 2020SECURITIES FRAUD To learn more, visit https://www.ksfcounsel.com/cases/nyse-rtx/.
The stocks have a year to date performance of -21.13 percent and weekly performance of -1.60 percent. The stock has been moved at 7.95 percent over the last six months. The stock has performed -2.03 percent around the most recent 30 days and changed 16.52 percent over the most recent 3-months.
If compared to the average trading volume of 8.39M shares, RTX reached to a volume of 7871265 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Raytheon Technologies Corporation [RTX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RTX shares is $80.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RTX stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
DZ Bank have made an estimate for Raytheon Technologies Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 17, 2020. The new note on the price target was released on November 10, 2020, representing the official price target for Raytheon Technologies Corporation stock. Previously, the target price had yet another raise to $89, while Morgan Stanley analysts kept a Overweight rating on RTX stock.
The Average True Range (ATR) for Raytheon Technologies Corporation is set at 1.84, with the Price to Sales ratio for RTX stock in the period of the last 12 months amounting to 1.78. The Price to Book ratio for the last quarter was 1.54, with the Price to Cash per share for the same quarter was set at 6.54. Price to Free Cash Flow for RTX in the course of the last twelve months was 977.23 with Quick ratio for the last quarter at 0.90.
RTX stock trade performance evaluation
Raytheon Technologies Corporation [RTX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.60. With this latest performance, RTX shares dropped by -2.03% in over the last four-week period, additionally plugging by 7.95% over the last 6 months – not to mention a drop of -20.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RTX stock in for the last two-week period is set at 48.79, with the RSI for the last a single of trading hit 39.60, and the three-weeks RSI is set at 52.61 for Raytheon Technologies Corporation [RTX]. The present Moving Average for the last 50 days of trading for this stock 65.95, while it was recorded at 70.42 for the last single week of trading, and 62.14 for the last 200 days.
Raytheon Technologies Corporation [RTX]: An insightful look at the core fundamentals
Raytheon Technologies Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.
Earnings per share (EPS) analysis for Raytheon Technologies Corporation [RTX] stock
With the latest financial reports released by the company, Raytheon Technologies Corporation posted 1.94/share EPS, while the average EPS was predicted by analysts to be reported at 1.84/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RTX.
Raytheon Technologies Corporation [RTX]: Insider Ownership positions
There are presently around $81,426 million, or 77.10% of RTX stock, in the hands of institutional investors. The top three institutional holders of RTX stocks are: VANGUARD GROUP INC with ownership of 129,358,164, which is approximately 0.523% of the company’s market cap and around 0.10% of the total institutional ownership; STATE STREET CORP, holding 123,514,657 shares of the stock with an approximate value of $8.61 billion in RTX stocks shares; and BLACKROCK INC., currently with $6.89 billion in RTX stock with ownership of nearly 0.121% of the company’s market capitalization.
904 institutional holders increased their position in Raytheon Technologies Corporation [NYSE:RTX] by around 84,289,068 shares. Additionally, 1,042 investors decreased positions by around 82,725,902 shares, while 160 investors held positions by with 1,001,727,804 shares. The mentioned changes placed institutional holdings at 1,168,742,774 shares, according to the latest SEC report filing. RTX stock had 155 new institutional investments in for a total of 14,728,076 shares, while 178 institutional investors sold positions of 37,317,791 shares during the same period.