Saturday, April 10, 2021

Raytheon Technologies Corporation [RTX] moved down -0.51: Why It’s Important

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Raytheon Technologies Corporation [NYSE: RTX] closed the trading session at $77.51 on 04/06/21. The day’s price range saw the stock hit a low of $77.20, while the highest price level was $78.09. The company report on April 7, 2021 that Raytheon Technologies to release first quarter results on April 27, 2021.

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Raytheon Technologies (NYSE: RTX) will issue its first quarter 2021 earnings on Tuesday, April 27, prior to the stock market opening. A conference call will take place at 8:30 a.m. ET.


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A presentation corresponding with the conference call will be available on the company’s website at www.rtx.com for downloading prior to the call. To listen to the earnings call by phone, dial (866) 219-7829 between 8:10 a.m. and 8:30 a.m. ET. Please limit your use of the phone’s speaker mode to optimize the audio quality of the call for all participants.

The stocks have a year to date performance of 8.39 percent and weekly performance of -0.22 percent. The stock has been moved at 30.62 percent over the last six months. The stock has performed 3.10 percent around the most recent 30 days and changed 13.27 percent over the most recent 3-months.

If compared to the average trading volume of 7.49M shares, RTX reached to a volume of 7995951 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 $85.06 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 1.85, with the Price to Sales ratio for RTX stock in the period of the last 12 months amounting to 2.08. The Price to Book ratio for the last quarter was 1.61, with the Price to Cash per share for the same quarter was set at 5.81.

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 -0.22. With this latest performance, RTX shares gained by 3.10% in over the last four-week period, additionally plugging by 30.62% over the last 6 months – not to mention a rise of 55.24% 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 54.57, with the RSI for the last a single of trading hit 53.00, and the three-weeks RSI is set at 55.36 for Raytheon Technologies Corporation [RTX]. The present Moving Average for the last 50 days of trading for this stock 74.22, while it was recorded at 77.56 for the last single week of trading, and 66.44 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 1.02/share EPS, while the average EPS was predicted by analysts to be reported at 1.22/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -16.40%. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Raytheon Technologies Corporation go to 23.66%.

Raytheon Technologies Corporation [RTX]: Insider Ownership positions

There are presently around $92,270 million, or 79.30% of RTX stock, in the hands of institutional investors. The top three institutional holders of RTX stocks are: VANGUARD GROUP INC with ownership of 127,888,312, which is approximately -1.136% of the company’s market cap and around 0.10% of the total institutional ownership; STATE STREET CORP, holding 120,401,724 shares of the stock with an approximate value of $9.38 billion in RTX stocks shares; and BLACKROCK INC., currently with $7.67 billion in RTX stock with ownership of nearly -0.497% of the company’s market capitalization.

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1,006 institutional holders increased their position in Raytheon Technologies Corporation [NYSE:RTX] by around 90,411,892 shares. Additionally, 986 investors decreased positions by around 73,566,008 shares, while 185 investors held positions by with 1,020,339,809 shares. The mentioned changes placed institutional holdings at 1,184,317,709 shares, according to the latest SEC report filing. RTX stock had 286 new institutional investments in for a total of 13,117,429 shares, while 114 institutional investors sold positions of 18,081,585 shares during the same period.

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