Raytheon Technologies Corporation [RTX] Revenue clocked in at $63.76 billion, up 20.29% YTD: What’s Next?

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Raytheon Technologies Corporation [NYSE: RTX] traded at a high on 12/28/21, posting a 0.92 gain after which it closed the day’ session at $86.02. The company report on December 17, 2021 that RAYTHEON ALERT: Bragar Eagel & Squire, P.C. is Investigating Raytheon Technologies Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm.

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Raytheon Technologies Corporation (NYSE: RTX) on behalf of long-term stockholders following a class action complaint that was filed against Raytheon on October 30, 2020. Our investigation concerns whether the board of directors of Raytheon have breached their fiduciary duties to the company.


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The complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Raytheon had inadequate disclosure controls and procedures and internal control over financial reporting; (2) Raytheon had faulty financial accounting; (3) as a result, Raytheon misreported its costs regarding Raytheon’s Missiles & Defense business since 2009; (4) as a result of the foregoing, Raytheon was at risk of increased scrutiny from the government; (5) as a result of the foregoing, Raytheon would face a criminal investigation by the U.S. Department of Justice (“DOJ”); and (6) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

The results of the trading session contributed to over 3190448 shares changing hands. Over the past one week, the price volatility of Raytheon Technologies Corporation stands at 1.67% while the volatility over the past one month is 2.22%.

The market cap for RTX stock reached $127.49 billion, with 1.50 billion shares outstanding and 1.50 billion shares in the current float. Compared to the average trading volume of 4.87M shares, RTX reached a trading volume of 3190448 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 $103.65 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 1.90. 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.

Argus have made an estimate for Raytheon Technologies Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 29, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Equal Weight. The new note on the price target was released on May 13, 2021, representing the official price target for Raytheon Technologies Corporation stock. Previously, the target price had yet another raise to $108, while Redburn analysts kept a Buy rating on RTX stock.

The Average True Range (ATR) for Raytheon Technologies Corporation is set at 1.96, with the Price to Sales ratio for RTX stock in the period of the last 12 months amounting to 2.00. The Price to Book ratio for the last quarter was 1.81, with the Price to Cash per share for the same quarter was set at 5.04. Price to Free Cash Flow for RTX in the course of the last twelve months was 224.46 with Quick ratio for the last quarter at 1.00.

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 6.16. With this latest performance, RTX shares gained by 3.64% in over the last four-week period, additionally plugging by 1.87% over the last 6 months – not to mention a rise of 21.79% 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 54.93, with the RSI for the last a single of trading hit 60.97, and the three-weeks RSI is set at 52.09 for Raytheon Technologies Corporation [RTX]. The present Moving Average for the last 50 days of trading for this stock 86.71, while it was recorded at 84.78 for the last single week of trading, and 85.12 for the last 200 days.

Raytheon Technologies Corporation [RTX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Raytheon Technologies Corporation [RTX] shares currently have an operating margin of +2.47 and a Gross Margin at +15.90. Raytheon Technologies Corporation’s Net Margin is presently recorded at -5.49.

Return on Total Capital for RTX is now 1.41, given the latest momentum, and Return on Invested Capital for the company is -3.34. Return on Equity for this stock declined to -5.46, with Return on Assets sitting at -2.06. When it comes to the capital structure of this company, Raytheon Technologies Corporation [RTX] has a Total Debt to Total Equity ratio set at 46.87. Additionally, RTX Total Debt to Total Capital is recorded at 31.91, with Total Debt to Total Assets ending up at 20.86. Long-Term Debt to Equity for the company is recorded at 45.10, with the Long-Term Debt to Total Capital now at 30.70.

Reflecting on the efficiency of the workforce at the company, Raytheon Technologies Corporation [RTX] managed to generate an average of -$17,177 per employee. Receivables Turnover for the company is 3.07 with a Total Asset Turnover recorded at a value of 0.38.Raytheon Technologies Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.20.

Earnings analysis for Raytheon Technologies Corporation [RTX]

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 22.80%.

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Insider trade positions for Raytheon Technologies Corporation [RTX]

There are presently around $102,123 million, or 80.40% of RTX stock, in the hands of institutional investors. The top three institutional holders of RTX stocks are: STATE STREET CORP with ownership of 140,767,381, which is approximately -1.307% of the company’s market cap and around 0.11% of the total institutional ownership; VANGUARD GROUP INC, holding 118,940,510 shares of the stock with an approximate value of $10.14 billion in RTX stocks shares; and BLACKROCK INC., currently with $8.51 billion in RTX stock with ownership of nearly -1.409% of the company’s market capitalization.

Positions in Raytheon Technologies Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 988 institutional holders increased their position in Raytheon Technologies Corporation [NYSE:RTX] by around 35,233,814 shares. Additionally, 915 investors decreased positions by around 46,570,206 shares, while 303 investors held positions by with 1,116,261,746 shares. The mentioned changes placed institutional holdings at 1,198,065,766 shares, according to the latest SEC report filing. RTX stock had 105 new institutional investments in for a total of 5,685,719 shares, while 127 institutional investors sold positions of 5,502,713 shares during the same period.