RTX Corporation (RTX) Monthly Stock Overview
Publication Date: September 22, 2024
Company Overview
RTX Corporation (RTX) is a leading aerospace and defense company based in Arlington, Virginia, established in 1922. As a key player in the industrials sector, RTX serves a diverse clientele, including commercial, military, and government customers worldwide. The company operates through three principal segments: Collins Aerospace, Pratt & Whitney, and Raytheon, providing cutting-edge products and services for civil and military aircraft, auxiliary power units, and advanced defense solutions. With its stock publicly traded under the symbol RTX, the company aims to leverage its extensive experience and technological prowess to drive future growth.
Financial Performance
RTX has showcased remarkable financial success, reporting approximately $72.42 billion in total revenue. This robust performance reflects the company’s strategic positioning within the Aerospace & Defense industry, which is inherently cyclical and heavily reliant on government contracts. Analysts observe a cautiously optimistic outlook for RTX, projecting a target high price of $150.00 per share and a consensus mean target price of $116.53. Currently, shares are priced at $118.15, suggesting a favorable potential upside for investors. The company maintains 1,330,240,000 shares outstanding, with a minimal short interest of 1.04%, indicative of instilled investor confidence and a predominantly bullish sentiment in the market.
Market Trends and Stock Analysis
Recent market trends have shown RTX’s stock exhibiting resilience with a fifty-day moving average of $115.43, trading above its historical performance. The stock has experienced significant volatility over the past year, with a fifty-two week range between $68.56 and $123.70. This fluctuation highlights both risks and opportunities as the stock approaches its previous highs. Given the current recommendation from 22 analysts leaning towards a “hold” position, investors are encouraged to maintain their current stake while vigilantly observing market dynamics and any developments in defense spending and aerospace expansion, which could influence future performance.
| Metric | Value |
|---|---|
| Market Cap | $157.2b |
| Total Debt | $43.6b |
| Total Cash | $6.0b |
| Shares Outstanding | 1.3b |
| Float Shares | 1.2b |
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