3 times New Highs Were Reached By Raytheon Technologies Corporation (RTX) In The Last Five Days


The stock of Raytheon Technologies Corporation (NYSE:RTX) decreased by -$0.24 on Monday to finish at $87.80, down -0.27 percent. The last five days have seen an average of 5,042,560 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $1.74. The average number of shares traded over the last 20 days was 4,312,695, while the average volume over the last 50 days totaled 4,324,490.

RTX stock dropped -5.74% since last month. On 09/07/22, the company’s shares reached a one-month low of $85.35. The stock touched a high of $106.02 on 04/21/22, after rallying from a low of $79.00 in 52 weeks. The price of RTX stock has risen by 2.02% or $1.74 this year, reaching a new high 22 times. Still, the stock price is down -17.19% from the 52-week high.

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Insider Transactions

There have been 139 days since Raytheon Technologies Corporation (RTX) last reported insider trading activity on Apr 27. On Apr 27, Director Winnefeld James A Jr acquired 200 shares at $99.00 each. This transaction resulted in the insider spending $19,800. On Feb 28, Dumais Michael R sold 7,443 shares at a price of US$101.45. After the transaction, the insider now owns 73,761 shares. EVP,Chf Transformation Officer Dumais Michael R had earlier sold 6,883 shares on Feb 25 for $97.74 a share. The transaction was completed for $672,739.

Valuation Metrics

Raytheon Technologies Corporation (RTX) has a trailing price-to-earnings (P/E) ratio of 29.35. Beta for the stock is 1.12. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.95, the price-to-book (PB) ratio of 1.84, and the price-to-cash flow ratio of 87.06.

Company paid $0.55 per share in dividends, remained unchanged from $0.55 last year. A $0.04 dividend increase was reported on Monday April 25 2022.

Financial Health

For the three months ended June 29, Raytheon Technologies Corporation’s quick ratio was 0.80, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.44, and the total debt to equity ratio is 0.45. As far as profitability goes, gross margin for the trailing twelve months is 20.20% percent. Raytheon Technologies Corporation’s operating margin stood at 6.80% for the same period. Based on annual data, it had gross profit of $12.49 billion and revenue of $64.39 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RTX’s return on assets (ROA) during the last 12 months has been 2.80%. There was a 3.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.20%.

Earnings Surprise

According to Raytheon Technologies Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $16.31 billion, while revenues rose by 2.66% to $15.72 billion. It was predicted that Raytheon Technologies Corporation’s quarterly earnings would be $1.16, but it ended up being $1.12, beating the consensus by 3.60%. EBITDA was $2.35 billion for the quarter. At the end of Raytheon Technologies Corporation’s most recent quarter ended June 29, its liabilities totaled 87.03 billion, while its total debt was $33.01 billion. Equity owned by shareholders amounts to $1.48 billion.

Technical Picture

Here’s a quick look at Raytheon Technologies Corporation’s (RTX) price momentum from a technical perspective. As of 12 September, the RSI 9-day stood at 37.17%, suggesting the stock is Neutral, with a 15.44% historical volatility rate.

The stochastic %K and %D were 18.44% and 15.78% respectively, while the average true range (ATR) was 1.93. Based on the 14-day stochastic reading of 21.34%, the RSI (14) reading is 39.14%. On the 9-day MACD Oscillator, the stock is at -0.67, and the 14-day reading is at -2.58.

Analyst Ratings

In its analyst report released on April 08, 2022, RBC Capital Mkts began covering Raytheon Technologies Corporation (NYSE: RTX). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Raytheon Technologies Corporation (RTX) an Overweight rating. RTX is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 11 others recommend it as a buy.

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

The current consensus forecast for the stock is between $90.00 and $124.00, with a median target price of $110.00. In analyzing these forecasts, the average price target given by analysts for Raytheon Technologies Corporation (RTX) is $109.92.


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