Raytheon Technologies Corporation (NYSE:RTX) currently has a daily average trading volume of 9.98M but it saw 5373924 shares traded on Wednesday. With a market cap of 93.66B USD, the company’s enterprise value now stands nearly at $RTX. Stock’s current market price of $61.64 came falling about -0.74 while comparing to the previous closing price of $62.10. In past 52 weeks, the stock remained buoying in the range of price level as high as $93.45 and as low as $40.71. In the recent trading on the day, stock has struck highest price mark of $62.91 while lowest mark touched by it was $61.50.
Taking a look at 20-day trading activity of Raytheon Technologies Corporation (RTX) gives us an average price of $61.16, while its current price level is -34.04% below from 52-week high level whereas it is 51.42% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $62.20 while that of 200 days or SMA-200 reads an average of $72.41. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.18% during that period while stretching the period over a month that increases to 2.74%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.07 which implies that the stock is in neutral territory.
Raytheon Technologies Corporation (RTX)’s stock is currently under the radar of 19 analysts who are in consensus at a 12-month price target range of between $62.00 and $101.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $62.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $101.00. Average price target assigned by them is $78.25 which highlights an upside potential of 21.23% for the stock over that period. And to attain the median price target of $80.00 assigned by those analysts, stock has to add about 22.95% of value to its current levels.
Data by FactSet Research shows that 19 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 3 are advising it as an Overweight. 11 analysts suggested the investors to Buy the stock while 5 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Argus which downgraded the stock as “Hold” in its note to investors issued on July 29, 2020, recommending a price target of for it. Vertical Research upgraded its recommendation for the stock as a “Buy” from “Hold” on July 10, 2020 while assigning a price target of $77. RBC Capital Mkts issued its recommendations for the stock as it initiated the price target for the stock is $69.
Over the week, RTX’s stock price is moving -4.12% down while it is -2.24% when we observe its performance for the past one month. Year-to-date it is -30.22% down and over the past year, the stock is showing a downside performance of -17.50%.
Currently, Raytheon Technologies Corporation’s total number of outstanding shares is 1.50B. Company’s return on investment (ROI) stands at 7.50% and return on equity (ROE) at -3.40%. It has a price to earnings ratio (P/E ratio) of 151.08 while having a 15.99 of forward P/E ratio. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 1.38 while price to sale or P/S ratio amounts to 1.45. Its return on asset (ROA) is -1.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market Index came shrinking its share ownership by -1.22% in the Raytheon Technologies Corporation (RTX) decreasing its stake to 2.83% with control over -0.53 million shares in the company. As per SEC documents, Vanguard Total Stock Market Index sought 43,220,234 of company’s common stock of worth $2.45 billion as per recent closing price of the stock. Vanguard Total Stock Market Index is not the only institutional holder which restructured its stake in Raytheon Technologies Corporation, as Vanguard 500 Index Fund picked 30,512,845 shares of worth $1.73 billion to bring its holdings to a total of 0.54 million shares. In the most recent quarter, American Funds Investment Company came rising its stake by 67.33% in the company and now holds 15.93 million or 1.04% of the company’s stake having worth of about 902.78 million.