JPMorgan Chase & Co. Issues Positive Forecast for RTX (NYSE:RTX) Stock Price

RTX (NYSE:RTXGet Free Report) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $200.00 to $215.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 7.98% from the stock’s current price.

Several other research firms have also issued reports on RTX. Royal Bank Of Canada increased their price target on shares of RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday. Robert W. Baird set a $225.00 target price on shares of RTX in a research note on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a $190.00 price objective on shares of RTX in a report on Tuesday, November 25th. The Goldman Sachs Group boosted their price objective on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $196.11.

View Our Latest Report on RTX

RTX Trading Down 1.1%

Shares of RTX stock traded down $2.16 during trading hours on Wednesday, reaching $199.12. The stock had a trading volume of 4,664,874 shares, compared to its average volume of 5,834,738. RTX has a 1 year low of $112.27 and a 1 year high of $205.36. The firm has a 50 day simple moving average of $183.35 and a two-hundred day simple moving average of $169.64. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $266.97 billion, a price-to-earnings ratio of 40.91, a P/E/G ratio of 2.84 and a beta of 0.44.

RTX (NYSE:RTXGet Free Report) last announced its earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.08. The firm had revenue of $24.24 billion for the quarter, compared to the consensus estimate of $22.65 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities research analysts anticipate that RTX will post 6.11 earnings per share for the current year.

Hedge Funds Weigh In On RTX

A number of institutional investors have recently bought and sold shares of the business. LeConte Wealth Management LLC grew its stake in RTX by 2.3% in the 4th quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after acquiring an additional 51 shares during the period. Rydar Equities Inc. increased its holdings in RTX by 0.4% during the 4th quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock worth $2,480,000 after purchasing an additional 52 shares during the period. Howard Capital Management Inc. lifted its holdings in RTX by 0.4% during the 4th quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock worth $2,263,000 after buying an additional 53 shares during the last quarter. Purus Wealth Management LLC lifted its stake in RTX by 0.4% in the fourth quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock valued at $2,700,000 after buying an additional 53 shares during the last quarter. Finally, Innova Wealth Partners increased its holdings in shares of RTX by 3.5% in the fourth quarter. Innova Wealth Partners now owns 1,597 shares of the company’s stock valued at $293,000 after purchasing an additional 54 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Key RTX News

Here are the key news stories impacting RTX this week:

RTX Company Profile

(Get Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Analyst Recommendations for RTX (NYSE:RTX)

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