What is the Price Targets for Raytheon Technologies Corporation (RTX)?

Raytheon Technologies Corporation (NYSE:RTX) saw a downside of -0.81% to close Monday at $89.89 after subtracting -$0.73 on the day. The 5-day average trading volume is 3,863,320 shares of the company’s common stock. It has gained $91.38 in the past week. An average of 6,019,700 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,743,930.

RTX’s 1-month performance is 8.30% or $6.89 on its low of $81.52 reached on 09/20/21. The company’s shares have touched a 52-week low of $51.92 and high of $90.83, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, RTX has achieved 25.70% or $18.38. However, the current price is down -1.03%% from the 52-week high price.


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Insider Transactions

On Aug 04, 69 days have gone by since the last insider trading activity for Raytheon Technologies Corporation (RTX). Kremer Wesley D (President, RMD) most recently sold 5,512 shares at $86.82 per share on Aug 04. This transaction cost the insider $478,555. Director, Ortberg Robert Kelly, sold 60,000 shares at a price of $85.10 on Jul 15. Then, on Jun 01, EVP,Chf Transformation Officer Dumais Michael R sold 6,000 shares at a price of $88.98 per share. This transaction amounted to $533,882.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 62.93 and a low of 7.129. RTX stock has a beta of 1.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.16 while the price-to-book (PB) in the most recent quarter is 1.90, with the price to cash flow ratio at 401.31.

Raytheon Technologies Corporation pays an annual dividend of $2.04 per share. Its dividend yield is 2.27% and the payout ratio is 133.60%. RTX’s most recent quarterly dividend payment was made on Sep. 9, when it paid $0.51 a share compared with prior rate of $0.51, down 0.0% from last year’s. The company has boosted its dividend for the last 28 consecutive years with the latest dividend increase of $0.0350 reported on Monday April 26 2021.

It is projected that Raytheon Technologies Corporation’s next ex-dividend date will be on 15-Nov. RTX is expected to distribute $0.51 as its next dividend.

Raytheon Technologies Corporation’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.20 meaning that RTX stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.42, while the total debt to equity was 0.44. In terms of profitability, the gross margin trailing 12 months is 16.20%. The trailing 12-month EBITDA margin is 9.34% while for the period ending June 29; Raytheon Technologies Corporation’s operating margin was 4.60%. The firm’s gross profit as reported stood at $8.53 billion against revenue of $56.59 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected RTX to announce $0.93 per share in earnings in its latest quarter, but it posted $1.03, representing a 10.80% surprise. EBITDA for the quarter stood at more than $2.41 billion. RTX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 86.12 billion, with total debt at $33.05 billion. Shareholders hold equity totaling $1.51 billion

Technical Picture

Let’s look briefly at Raytheon Technologies Corporation (RTX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 69.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.53%.

The stock’s 5-day moving average is $89.73, reflecting a +2.51% or $2.20 change from its current price. RTX is currently trading +7.47% above its 20-day SMA, +5.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +3.38% and +27.11% respectively.

Stochastic %K and %D was 90.98% and 93.84% and the average true range (ATR) pointed at 1.56. The RSI (14) points at 65.42%, while the 14-day stochastic is at 80.82% with the period’s ATR at 1.56. The stock’s 9-day MACD Oscillator is pointing at 1.69 and 2.35 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Raytheon Technologies Corporation (NYSE: RTX), Argus upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for RTX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate RTX as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 15 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $89.50 and a high of $110.00, with their median price target at $104.00. Looking at these predictions, the average price target given by analysts is for Raytheon Technologies Corporation (RTX) stock is $101.97.

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