Credit Suisse Group restated their buy rating on shares of Raytheon Technologies (NYSE:RTX) in a report released on Wednesday, TipRanks reports. They currently have a $81.00 price objective on the stock.

Other equities analysts have also recently issued reports about the company. ValuEngine raised Raytheon Technologies from a sell rating to a hold rating in a report on Thursday, July 2nd. Argus cut Raytheon Technologies from a buy rating to a hold rating in a report on Wednesday. Citigroup dropped their target price on Raytheon Technologies from $85.52 to $70.00 and set a neutral rating for the company in a report on Thursday, June 25th. Barclays restated a buy rating and set a $70.00 price target on shares of Raytheon Technologies in a research report on Thursday, April 9th. Finally, Robert W. Baird reiterated an outperform rating and set a $101.00 price target on shares of Raytheon Technologies in a research report on Friday, May 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $94.47.

NYSE RTX opened at $56.68 on Wednesday. Raytheon Technologies has a twelve month low of $40.72 and a twelve month high of $93.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.20. The stock has a market capitalization of $49.09 billion, a PE ratio of 6.86, a P/E/G ratio of 1.54 and a beta of 0.85. The stock has a 50-day simple moving average of $62.31 and a 200 day simple moving average of $110.62.

Raytheon Technologies (NYSE:RTX) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.10 by $0.30. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.39 billion. Raytheon Technologies had a positive return on equity of 11.59% and a negative net margin of 2.28%. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. As a group, equities research analysts forecast that Raytheon Technologies will post 3.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Thursday, August 13th. Raytheon Technologies’s payout ratio is 23.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in RTX. National Asset Management Inc. bought a new position in Raytheon Technologies during the second quarter worth about $2,137,000. Comerica Bank bought a new stake in shares of Raytheon Technologies during the second quarter worth approximately $36,903,000. Valmark Advisers Inc. bought a new stake in shares of Raytheon Technologies during the second quarter worth approximately $418,000. Dixon Hubard Feinour & Brown Inc. VA bought a new stake in shares of Raytheon Technologies during the second quarter worth approximately $628,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in shares of Raytheon Technologies during the second quarter worth approximately $833,000. Institutional investors own 78.95% of the company’s stock.

Raytheon Technologies Company Profile

Raytheon Technologies Corporation, an aerospace and defense company, provides advanced systems and services for commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.

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Analyst Recommendations for Raytheon Technologies (NYSE:RTX)

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