The stock price of RTX Corp (NYSE: RTX) has surged by 1.24 when compared to previous closing price of 120.34, but the company has seen a 1.08% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-01 that RTX Corporation shows strong EBITDA and free cash flow growth, with mid-single digit EBITDA growth and over 15% free cash flow growth expected through 2026. Share repurchases and a robust dividend growth history enhance shareholder value, with RTX maintaining a 31-year dividend growth streak. Despite supply chain challenges, RTX benefits from strong defense demand, commercial airplane needs, and a growing base of geared turbofans.
Is It Worth Investing in RTX Corp (NYSE: RTX) Right Now?
RTX Corp (NYSE: RTX) has a price-to-earnings ratio of 34.80x that is above its average ratio. Additionally, the 36-month beta value for RTX is 0.87. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 16 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RTX is 1.33B and currently, short sellers hold a 1.10% ratio of that float. The average trading volume of RTX on December 02, 2024 was 5.09M shares.
RTX’s Market Performance
RTX stock saw a decrease of 1.08% in the past week, with a monthly decline of -0.02% and a quarterly a decrease of -1.22%. The volatility ratio for the week is 1.59%, and the volatility levels for the last 30 days are 1.85% for RTX Corp (RTX). The simple moving average for the last 20 days is 1.09% for RTX stock, with a simple moving average of 11.52% for the last 200 days.
Analysts’ Opinion of RTX
Many brokerage firms have already submitted their reports for RTX stocks, with Deutsche Bank repeating the rating for RTX by listing it as a “Hold.” The predicted price for RTX in the upcoming period, according to Deutsche Bank is $129 based on the research report published on October 03, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see RTX reach a price target of $140, previously predicting the price at $110. The rating they have provided for RTX stocks is “Buy” according to the report published on July 31st, 2024.
Alembic Global Advisors gave a rating of “Overweight” to RTX, setting the target price at $134 in the report published on July 30th of the current year.
RTX Trading at -0.39% from the 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, the company was unable to rebound, for now settling with -5.34% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares surge +0.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.53% upper at present.
During the last 5 trading sessions, RTX rose by +1.08%, which changed the moving average for the period of 200-days by +33.31% in comparison to the 20-day moving average, which settled at $120.52. In addition, RTX Corp saw 44.79% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RTX starting from HAYES GREGORY, who sale 134,887 shares at the price of $117.74 back on Jul 31 ’24. After this action, HAYES GREGORY now owns 566,723 shares of RTX Corp, valued at $15,880,937 using the latest closing price.
Mitchill Neil G. JR, the EVP, Chief Financial Officer of RTX Corp, sale 4,322 shares at $115.43 during a trade that took place back on Jul 30 ’24, which means that Mitchill Neil G. JR is holding 66,470 shares at $498,908 based on the most recent closing price.
Stock Fundamentals for RTX
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.19 for the gross margin
The net margin for RTX Corp stands at 0.06. The total capital return value is set at 0.06. Equity return is now at value 7.22, with 2.88 for asset returns.
Based on RTX Corp (RTX), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is 3.35.
Currently, EBITDA for the company is 9.61 billion with net debt to EBITDA at 3.12. When we switch over and look at the enterprise to sales, we see a ratio of 2.52. The receivables turnover for the company is 3.19for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
In conclusion, RTX Corp (RTX) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
