Where Does Raytheon Technologies Corporation (RTX) Rank When It Comes To Price-To-Earnings Ratio?

Raytheon Technologies Corporation (NYSE:RTX) finished Tuesday with an addition of $0.55 to close at $89.27, an upside of 0.62 percent. An average of 5,161,620 shares of common stock have been traded in the last five days. There was a gain of $2.28 in the past week. The last 20 days have seen an average of 6,171,745 shares traded, while the 50-day average volume stands at 4,823,018.

RTX stock has increased by 7.55% in the last month. The company shares reached their 1-month lowest point of $81.52 on 09/20/21. With the stock rallying to its 52-week high on 06/10/21, shares of the company touched a low of $51.92 and a high of $89.98 in 52 weeks. In spite of this, the price is down -0.79% from the 52-week high.


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Insider Transactions

64 days have passed since Raytheon Technologies Corporation (RTX) last reported insider trading activity. Kremer Wesley D, who is President, RMD, most recently acquired $5,512 shares at $86.82 per share on Aug 04. In this transaction, the insider spent $478,555. Director, Ortberg Robert Kelly, disposed of 60,000 shares at a price of $85.10 on Jul 15. The insider now owns more than $5,106,229 worth of shares. Prior to that, EVP,Chf Transformation Officer Dumais Michael R went on to Sale 6,000 shares at $88.98 each on Jun 01. An amount of $533,882 was transacted.

Valuation Metrics

Raytheon Technologies Corporation (RTX) has a trailing price-to-earnings (P/E) ratio of 64.04, which compares with the 18.50 for the broader industry and 28.45 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Raytheon Technologies Corporation’s PE ratio has ranged between 61.99 and 7.129. The stock’s beta is 1.49. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.12, the price-to-book (PB) ratio at 1.89, and the price-to-cash flow ratio at 393.66.

Raytheon Technologies Corporation pays a $2.04 dividend per share annually. It offers a dividend yield of 2.29%. The company has a payout ratio of 133.60%. The company’s most recent quarterly dividend payment took place on Sep. 9, and it was $0.51 a share, without any change from last year. Its dividend has been increased for the last 28 consecutive years with the latest increase dividend $0.0350 reported on Monday April 26 2021.

Raytheon Technologies Corporation will next go ex-dividend on 15-Nov. The next dividend payment Raytheon Technologies Corporation will make is expected to be $0.51.

The quick ratio of Raytheon Technologies Corporation for the three months ended June 29 was 0.90, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.42 and a total debt to equity ratio of 0.44 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 16.20% against a 5-year average of 22.7%. Raytheon Technologies Corporation’s EBITDA margin for the year ending June 29 is 9.34%, while its operating margin for the same period stands at 4.60%. Its gross profit as reported stood at $8.53 billion compared to revenue of $56.59 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Raytheon Technologies Corporation’s return on assets was 1.40%, compared to 3.4% over the last five years. In the past year, the return on investment has been -2.40%, and the 5-year average is 7.1%. Meanwhile, the return on equity (ROE) for the past 12 months has been 3.10% and the 5-year average holds at 11.5%. For the broader industry, ROE averaged 8.06 over the past year.

Earnings Surprise

The analyst consensus anticipated Raytheon Technologies Corporation’s latest quarter earnings to come in at $0.93 per share, but it turned out to be $1.03, a 10.80% surprise. For the quarter, EBITDA amounted to $2.41 billion. Shareholders own equity worth $1.51 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Raytheon Technologies Corporation (RTX) price momentum. RSI 9-day as of the close on 05 October was 72.55%, suggesting the stock is Overbought, with historical volatility in this time frame at 12.71%.

As of today, RTX’s price is $87.82 +2.62% or $2.28 from its 5-day moving average. RTX is currently trading +7.72% higher than its 20-day SMA and +3.95% higher than its 100-day SMA. However, the stock’s current price level is +1.19% above the SMA50 and +27.22% above the SMA200.

The stochastic %K and %D were 92.12% and 86.63%, respectively, and the average true range (ATR) was 1.65. With the 14-day stochastic at 97.24% and the average true range at 1.61, the RSI (14) stands at 66.17%. The stock has reached 1.07 on the 9-day MACD Oscillator while the 14-day reading was at 2.17.

Analyst Ratings

Argus upgraded Raytheon Technologies Corporation (NYSE: RTX) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for Raytheon Technologies Corporation (RTX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RTX, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 15 others rate it as a “buy”.

What is RTX’s price target for the next 12 months?

Analysts predict a range of price targets between $89.50 and $110.00, with a median target of $104.00. Taking a look at these predictions, the average price target given by analysts for Raytheon Technologies Corporation (RTX) stock is $101.97.

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