RTX Corporation (RTS-N)
0.00
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 3 opinions in the last 12 months.
RTX Corporation, a prominent player in the aerospace and defense industry, is currently trading at a forward P/E ratio of 20.4x, with an expected organic growth of approximately 6% over the coming years. The company has demonstrated robust cash flow and has been actively repurchasing shares, which supports its valuation strategy. Analyst estimates suggest a strong performance in Q1, with sales projected at $18.4 billion and earnings per share (EPS) expected to reach $1.23, maintaining a record of surpassing estimates in the past eight quarters. Although a recent class action lawsuit concerning age discrimination has raised some concerns, the overall sentiment remains positive, particularly given the increasing defense spending and favorable geopolitical climate. RTX is recognized as one of the leading defense stocks, offering a fair valuation in light of its growth prospects, despite slightly higher valuations compared to its competitors.
The decline could partially be attributed to news that broke on June 11, that a class action lawsuit was filed against Raytheon (now RTX) alleging that the company discriminates against job seekers who are 40 years or older in favour of recent graduates. RTX denied the allegations, but this could be a contributing factor to the slide. We do not see the lawsuit as overly significant right now and these types of cases generally can take a long time to settle. We do still consider it a good industrials stock and one of the top defense names.
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Average analyst estimates for Q1 call for sales expected to be $18.4B and EPS is expected to be $1.23. It has beaten estimates in eight straight quarters and we have no reason to expect problems. Guidance could be increased with higher defence spending. We think RTX is one of the top names in the defense sector which could continue to gain traction given the state of geopolitical affairs. RTX's valuation is also decent at 18.6x forward earnings.
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RTX Corporation(RTS-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
RTX Corporation(RTS-N) Frequently Asked Questions
What is RTX Corporation stock symbol?
RTX Corporation is a OTC stock, trading under the symbol RTS-N on the (). It is usually referred to as or RTS-N
Is RTX Corporation a buy or a sell?
In the last year, 3 stock analysts published opinions about RTS-N. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for RTX Corporation.
Is RTX Corporation a good investment or a top pick?
RTX Corporation was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for RTX Corporation.
Why is RTX Corporation stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is RTX Corporation worth watching?
In the last year, there was no coverage of RTX Corporation published on Stockchase.
What is RTX Corporation stock price?
On , RTX Corporation (RTS-N) stock closed at a price of $.
RTX is a mature aerospace and defence company. The company is trading at 20.4x Forward P/E and is expected to grow around 6% organically over the next few years. It has been generating solid cash flow in recent years and is fairly aggressive in its buyback program. We think the valuation is quite fair given the growth prospects and strong track record of repurchasing shares.
The company is trading at a slightly higher valuation relative to competitors, including LMT (19.7x), NOC (18.4x), and GD (17.6x).
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