$RTX Corp(RTX)$ πΊπ ±ππ »π »π Έππ ·πΊ
Opening positions post market πππ
π¨π°ποΈ Raytheon $RTX was just awarded a $900M contract modification with the πΊπΈ Missle Defense Agencyπ¨π°ποΈπ
Looking strong πͺ into EOY.
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RTX Corp (RTX) - Stock Analysis
Stock Name: RTX Corp
Stock Code: RTX
Company Overview:RTX Corp is a defense and aerospace company that provides advanced technologies and services for commercial and military customers worldwide. The company operates through four segments: Pratt & Whitney, Collins Aerospace Systems, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. RTX's business is expected to grow in the future due to the increasing demand for defense and aerospace technologies.
Earnings and Forecast:
Estimated Earnings for 2024FY: EPS of $5.53, Gross Income of $79.66 billion, EBIT of $9.96 billion.
Estimated Earnings for 2025FY: EPS of $6.09, Gross Income of $84.50 billion, EBIT of $10.97 billion.
Estimated Earnings for 2026FY: EPS of $6.83, Gross Income of $89.50 billion, EBIT of $11.97 billion.
Analyst Recommendations:
According to analysts, there are 2 recommendations, with 7 buy, 16 hold, and 1 sell ratings for RTX stock.
Analyst Target Price:
The mean target price estimated by 22 analysts is $125.98364, with a low target of $76.0 and a high target of $157.0.
Capital Flow Data:
5-day Capital Flow Data:
10-18: Inflow of 47,990.86 units (thousand shares)
10-21: Inflow of 8,994.93 units
10-22: Inflow of 12,344.10 units
10-23: Inflow of 9,016.49 units
10-24: Outflow of 10,467.79 units
1-day Capital Flow Data:
Total Inflow: $80.81 million
Total Outflow: $87.75 million
Big Inflow: $9.53 million
Median Inflow: $3.66 million
Small Inflow: $67.62 million
Big Outflow: $3.99 million
Median Outflow: $3.98 million
Small Outflow: $79.79 million
Support and Resistance Levels:
Support Price (2024-10-24): $118.22 (USD)
Resistance Price (2024-10-24): $125.22 (USD)
Average Cost (2024-10-24): $116.51 (USD)
Profiteer Ratio:
Profiteer Ratio (2024-10-24): 0.9387
Stock Price (2024-10-26):
Current Stock Price: $125.16 (USD)
Please note that the above analysis should be considered as a reference and not investment advice. Investing in the stock market involves inherent risks, and stock prices can fluctuate. It is recommended to conduct further research and analysis before making investment decisions.
*Disclaimer: The above analysis is for informational purposes only and should not be considered as financial advice. The analysis is based on available data and assumptions, and actual results may vary. Investing in stocks involves risks, and it is important to carefully consider your investment objectives and risk tolerance before making any investment decisions.*As of October 26, 2024, there are several news articles and events that may have contributed to the movement of RTX Corp (RTX) stock:
Raytheon secures $900M contract modification from the U.S. Missile Defense Agency: Raytheon, a subsidiary of RTX Corp, has been awarded a contract modification worth $900 million from the U.S. Missile Defense Agency. The contract modification extends the delivery contract for two years and increases the contract ceiling from $1.7 billion to $2.6 billion. This positive news reflects the company's strong position in the defense industry and its ability to secure significant contracts. Read more
RTX awarded $900M Missile Defense Agency contract modification: RTX Corp has been awarded a $900 million contract modification from the U.S. Missile Defense Agency. This non-competitive two-year extension of an indefinite-delivery/indefinite-quantity contract further demonstrates the company's continued collaboration with the defense sector. Read more
Redburn Atlantic adjusts RTX's price target to $125 from $110, keeps neutral rating: Analysts polled by Capital IQ have an average rating of "outperform" for RTX Corp and price targets ranging from $108 to $157. Redburn Atlantic has adjusted the price target to $125 from $110. It is important to note that analyst ratings and price targets are subjective opinions and may vary among different analysts and firms. Read more
U.S. Army awards RTX's Raytheon TOW contracts for $676 million: The U.S. Army has awarded RTX's Raytheon contracts for its TOW weapon system worth $676 million. This contract further showcases the company's involvement in defense and its contribution to the U.S. Army's weapon systems. Read more
Street View: RTX to benefit from strong demand, defense market optimism: Aerospace and defense giant RTX Corp has raised its 2024 profit and sales forecasts for the second time due to strong demand for aircraft repairs and defense systems. Analysts predict a median price target of $130 for the stock, reflecting positive sentiment and growth prospects. It appears that the company's turn-around is here, potentially benefiting its various business units. Read more
Considering these news articles, we can see that RTX Corp's stock movement is influenced by positive contract awards and forecasts, strong demand in the defense market, and optimistic analyst views. Furthermore, the stock's capital flow for the day shows a net inflow, indicating investor interest and positive sentiment towards the stock.
Please note that the information provided above is for informational purposes only and should not be considered as investment advice. Investing in the stock market carries inherent risks, and it is important to conduct further research and analysis before making any investment decisions.