Raytheon Technologies Corporation (NYSE:RTX) does about 9.70M shares in volume on a normal day but saw 6290161 shares change hands in Monday trading. The company now has a market cap of 95.66B USD and an enterprise value of about $RXT. Its current market price is $61.88, marking an increase of 2.67% compared to the previous close of $60.27. The 52 week high reached by this stock is $93.45 whilst the lowest price level in 52 weeks is $40.71. The script in recent trading has seen the stock touch a high of $62.04 and a low of $60.13.
Raytheon Technologies Corporation (RTX) has a 20-day trading average at $61.00 and the current price is -33.78% off the 52-week high compared with 52.01% distance from its 52-week low. The 50-day simple moving average of the closing price is $61.94 and its 200-day simple moving average is $72.02. If we look at the stock’s price movements over the week, volatility stands at 2.17%, which increases to 2.66% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.55 to suggest the stock is neutral.
19 analysts observing the Raytheon Technologies Corporation (RTX) stock have set the 12-month price targets for the company’s shares at between $62.00 and $101.00. The consensus objective for the share price is $77.88, suggesting that the stock has a potential upside of 20.54% over the period. The median price target is 22.65% away from the current levels at $80.00.
FactSet Research has provided data showing that 19 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 3 advise that it is a overweight. 11 analysts have rated it as a buy and 5 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 29, 2020 when Argus downgraded the stock to “Hold” and issued a price target of. Vertical Research upgraded the stock to “Buy” from Hold on July 10, 2020 at a price target of $77. RBC Capital Mkts initiated its price target at $69.
The current price level is 1.50%, -0.20%, and -14.22% away from its SMA20, SMA50, and SMA200 respectively, with the RTX price moving above the 50-day SMA on August 24. Raytheon Technologies Corporation (RTX) stock is down -1.42% over the week and -0.31% over the past month. Its price is -29.95% year-to-date and -14.99% over the past year.
Its 12-month price target is $80.00. To reach the target analysts have set, the stock logically needs to grow 20.54 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $62.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $101.00.
The company has a return on investment of 7.50% and return on equity of -3.40%. The price to earnings ratio (P/E ratio) amounts to 151.67 while the forward price to earnings ratio is 16.06. The beta has a value of 1.35. Price to book ratio is 1.38 and price to sales ratio is 1.48.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in Raytheon Technologies Corporation (RTX) to 43,105,478 shares, mirroring a recent drop by -0.27%. Vanguard Total Stock Market Index dumped -0.11 million shares of Raytheon Technologies Corporation common stock bringing its total worth to about $2.44 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard 500 Index Fund, which sold off -0.18 million shares to end up with 30,327,947 shares worth $1.72 billion. American Funds Investment Company raise their holdings by 67.33% in the company over the course of the most recent quarter. It now holds a 1.04% position in Raytheon Technologies Corporation thanks to 15.93 million shares amounting to $902.78 million.