With 3.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.59 million shares. The 52-week range on RTX shows that it touched its highest point at $132.43 and its lowest point at $88.90 during that stretch. It currently has a 1-year price target of $140.68. With its current market cap of 166.66 billion, RTX has annualized dividend of $2.48 while the current yield stands at 1.98%. Beta for the stock currently stands at 0.85.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RTX was down-trending over the past week, with a drop of -1.32%, but this was down by -0.51% over a month. Three-month performance surged to 5.55% while six-month performance rose 5.71%. The stock gained 37.47% in the past year, while it has gained 8.11% so far this year. A look at the trailing 12-month EPS for RTX yields 3.55 with Next year EPS estimates of 6.84. For the next quarter, that number is 1.35. This implies an EPS growth rate of 6.96% for this year and 11.53% for next year. EPS is expected to grow by 9.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -11.13%.
Float and Shares Shorts:
At present, 1.33 billion RTX shares are outstanding with a float of 1.33 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RTX since 16 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 9 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.61973 being high and $5.51938 being low. For RTX, this leads to a yearly average estimate of $5.57959. Based on analyst estimates, the high estimate for the next quarter is $1.55 and the low estimate is $1.15. The average estimate for the next quarter is thus $1.48.
