RTX Corp [NYSE: RTX] slipped around -0.43 points on Thursday, while shares priced at $118.96 at the close of the session, down -0.36%.
Compared to the average trading volume of 5.09M shares, RTX reached a trading volume of 4504330 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say 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 $135.50 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 2.30. 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.
Deutsche Bank have made an estimate for RTX Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 03, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $110 to $140. The new note on the price target was released on July 31, 2024, representing the official price target for RTX Corp stock. Previously, the target price had yet another raise to $134, while Alembic Global Advisors analysts kept a Overweight rating on RTX stock. On March 14, 2024, analysts increased their price target for RTX shares from 100 to 120.
The Average True Range (ATR) for RTX Corp is set at 2.38, 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 2.59, with the Price to Cash per share for the same quarter was set at 5.02. Price to Free Cash Flow for RTX in the course of the last twelve months was 19.92 with Quick ratio for the last quarter at 0.73.
How has RTX stock performed recently?
RTX Corp [RTX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.57. With this latest performance, RTX shares dropped by -5.51% in over the last four-week period, additionally plugging by 12.83% over the last 6 months – not to mention a rise of 49.30% 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 41.85, with the RSI for the last a single of trading hit 39.28, and the three-weeks RSI is set at 44.38 for RTX Corp [RTX]. The present Moving Average for the last 50 days of trading for this stock 122.14, while it was recorded at 119.91 for the last single week of trading, and 108.23 for the last 200 days.
RTX Corp [RTX]: Deeper insight into the fundamentals
RTX Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.73 and a Current Ratio set at 0.99.
Earnings analysis for RTX Corp [RTX]
With the latest financial reports released by the company, RTX Corp posted 1.29/share EPS, while the average EPS was predicted by analysts to be reported at 1.25/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. 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 10.28%.
Insider trade positions for RTX Corp [RTX]
There are presently around $80.11%, or 80.18%% of RTX stock, in the hands of institutional investors. The top three institutional holders of RTX stocks are: VANGUARD GROUP INC with ownership of 115.89 million shares, which is approximately 8.7174%. STATE STREET CORP, holding 115.24 million shares of the stock with an approximate value of $$11.57 billion in RTX stocks shares; and STATE STREET CORP, currently with $$9.62 billion in RTX stock with ownership which is approximately 7.2057%.
