DZ Bank slashes price target on RTX Corp [RTX] – find out why.

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RTX Corp [NYSE: RTX] loss -0.25% or -0.21 points to close at $82.22 with a heavy trading volume of 10350254 shares. The company report on November 8, 2023 at 7:23 PM that Korean Air now using RTX to improve predictive maintenance.

Collins Aerospace Ascentia® tool to be installed on 787 Fleet .

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Collins Aerospace, an RTX business (NYSE: RTX), announced today that Korean Air will use Collins Aerospace’s Ascentia® Prognostic and Health Management (PHM) solution on its growing Boeing 787 fleet.

It opened the trading session at $82.76, the shares rose to $82.86 and dropped to $81.78, the range by which the price of stock traded the whole day. The daily chart for RTX points out that the company has recorded -14.35% loss over the past six months. However, it is still -19.92% lower than its most recent low trading price.

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If we look at the average trading volume of 10.09M shares, RTX reached to a volume of 10350254 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about RTX Corp [RTX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RTX shares is $88.65 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 2.31. 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 RTX Corp shares, keeping their opinion on the stock as Sell, with their previous recommendation back on October 27, 2023.

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The Average True Range (ATR) for RTX Corp is set at 1.50, with the Price to Sales ratio for RTX stock in the period of the last 12 months amounting to 1.76. The Price to Book ratio for the last quarter was 1.70, with the Price to Cash per share for the same quarter was set at 3.79. Price to Free Cash Flow for RTX in the course of the last twelve months was 22.16 with Quick ratio for the last quarter at 0.77.

Trading performance analysis for RTX stock

RTX Corp [RTX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.60. With this latest performance, RTX shares gained by 12.17% in over the last four-week period, additionally sinking by -14.35% over the last 6 months – not to mention a drop of -13.57% 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 66.96, with the RSI for the last a single of trading hit 69.06, and the three-weeks RSI is set at 61.87 for RTX Corp [RTX]. The present Moving Average for the last 50 days of trading for this stock 76.53, while it was recorded at 82.58 for the last single week of trading, and 90.93 for the last 200 days.

RTX Corp [RTX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and RTX Corp [RTX] shares currently have an operating margin of +7.89 and a Gross Margin at +20.38. RTX Corp’s Net Margin is presently recorded at +7.78.

Return on Total Capital for RTX is now 4.89, given the latest momentum, and Return on Invested Capital for the company is 4.94. Return on Equity for this stock inclined to 7.16, with Return on Assets sitting at 3.26. When it comes to the capital structure of this company, RTX Corp [RTX] has a Total Debt to Total Equity ratio set at 46.61. Additionally, RTX Total Debt to Total Capital is recorded at 31.79, with Total Debt to Total Assets ending up at 21.31. Long-Term Debt to Equity for the company is recorded at 44.44, with the Long-Term Debt to Total Capital now at 30.31.

Reflecting on the efficiency of the workforce at the company, RTX Corp [RTX] managed to generate an average of $28,659 per employee. Receivables Turnover for the company is 3.22 with a Total Asset Turnover recorded at a value of 0.42.RTX Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.77 and a Current Ratio set at 1.03.

RTX Corp [RTX]: An earnings per share (EPS) analysis

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 RTX Corp go to 11.17%.

An analysis of Institutional ownership at RTX Corp [RTX]

The top three institutional holders of RTX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in RTX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in RTX stock with ownership which is approximately 5.7994%.

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