Thursday, January 21, 2021

Raytheon Technologies Corporation [RTX] fell -1.41% so far this year. What now?

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Raytheon Technologies Corporation [NYSE: RTX] traded at a low on 01/13/21, posting a -1.43 loss after which it closed the day’ session at $70.50. The company report on January 14, 2021 that Bragar Eagel & Squire is Investigating Certain Officers and Directors of Jeld-Wen, Raytheon, and L Brands and Encourages Investors to Contact the Firm.

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Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating certain officers and directors of Jeld-Wen (NYSE: JELD), Raytheon Technologies Corporation (NYSE: RTX), and L Brands, Inc. (NYSE: LB) on behalf of long-term stockholders. More information about each potential case can be found at the link provided.


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Jeld-Wen Holdings, Inc. (NYSE: JELD).

The results of the trading session contributed to over 7009911 shares changing hands. Over the past one week, the price volatility of Raytheon Technologies Corporation stands at 2.22% while the volatility over the past one month is 2.34%.

The market cap for RTX stock reached $106.95 billion, with 1.51 billion shares outstanding and 1.39 billion shares in the current float. Compared to the average trading volume of 8.09M shares, RTX reached a trading volume of 7009911 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $82.13 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 1.66, with the Price to Sales ratio for RTX stock in the period of the last 12 months amounting to 1.79. The Price to Book ratio for the last quarter was 1.56, with the Price to Cash per share for the same quarter was set at 6.59. Price to Free Cash Flow for RTX in the course of the last twelve months was 981.17 with Quick ratio for the last quarter at 0.90.

How has RTX stock performed recently?

Raytheon Technologies Corporation [RTX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.31. With this latest performance, RTX shares dropped by -3.28% in over the last four-week period, additionally plugging by 12.01% over the last 6 months – not to mention a drop of -21.12% 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 51.46, with the RSI for the last a single of trading hit 50.75, and the three-weeks RSI is set at 52.80 for Raytheon Technologies Corporation [RTX]. The present Moving Average for the last 50 days of trading for this stock 69.27, while it was recorded at 70.29 for the last single week of trading, and 63.21 for the last 200 days.

Raytheon Technologies Corporation [RTX]: Deeper insight into the 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 analysis for Raytheon Technologies Corporation [RTX]

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.

Insider trade positions for Raytheon Technologies Corporation [RTX]

There are presently around $81,226 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 $8.71 billion in RTX stocks shares; and BLACKROCK INC., currently with $6.97 billion in RTX stock with ownership of nearly 0.121% of the company’s market capitalization.

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878 institutional holders increased their position in Raytheon Technologies Corporation [NYSE:RTX] by around 83,549,801 shares. Additionally, 1,032 investors decreased positions by around 82,351,449 shares, while 162 investors held positions by with 986,244,700 shares. The mentioned changes placed institutional holdings at 1,152,145,950 shares, according to the latest SEC report filing. RTX stock had 144 new institutional investments in for a total of 14,467,106 shares, while 171 institutional investors sold positions of 37,213,685 shares during the same period.

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