Is Raytheon Technologies Corporation (RTX) a Keeper? Bullish Price Target $101.00

Raytheon Technologies Corporation (NYSE:RTX) went down by -1.99% from its latest closing price when compared to the 1-year high value of $93.45 and move down -53.2%, while RTX stocks collected -1.42% of loss with the last five trading sessions. MarketWatch.com reported 2 hours ago that Here are the big winners among U.S. stocks during a sizzling August

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Raytheon Technologies Corporation (NYSE:RTX) Worth an Investment?

Raytheon Technologies Corporation (NYSE: RTX) scored price to earnings ratio above its average ratio, recording 149.51 times of increase in earnings at the present.

RTX Market Performance

RTX stocks went down by -1.42% for the week, with the monthly jump of 7.62% and a quarterly performance of -3.79%, while its annual performance rate touched -20.59%. The simple moving average for the period of the last 20 days is -0.84% for RTX stocks with the simple moving average of -14.66% for the last 200 days.

Analysts’ Opinion on Raytheon Technologies Corporation (NYSE:RTX)

Many brokerage firms have already submitted their reports for RTX stocks, with Argus repeating the rating for RTX shares by setting it to “Hold”. The predicted price for RTX socks in the upcoming period according to Argus is $23 based on the research report published on July 29, 2020.

Vertical Research, on the other hand, stated in their research note that they expect to see RTX stock at the price of $77. The rating they have provided for RTX stocks is “Buy” according to the report published on July 10, 2020.

RBC Capital Mkts gave “Outperform” rating to RTX stocks, setting the target price at $69 in the report published on May 21, 2020.

RTX Stocks -0.75% Far from 50 Day Moving Average

After a stumble in the market that brought RTX to its low price for the period of the last 52 weeks, Raytheon Technologies Corporation was unable to take a rebound, for now settling with -34.72% of loss for the given period.

The stock volatility was left at 2.72%, however, within the period of a single month, the volatility rate increased by 2.93%, while the shares surge at the distance of +6.07% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -5.99% lower at the present time.

In the course of the last 5 trading sessions, RTX went down by -1.42%, which changed the moving average for the period of 200 days to the total of -30.28% of losses for the stock in comparison to the 20-day moving average settled at $61.69. In addition, Raytheon Technologies Corporation saw -30.94% in overturn over the period of a single year with a tendency to cut further losses.

RTX Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Raytheon Technologies Corporation (RTX), starting from Winnefeld James A Jr, who bought 407 shares at the price of $56.55 back on Jul 31. After this action, Rushing now owns 7,360 shares of Raytheon Technologies Corporation, valued at $23,016 with the latest closing price.

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