RTX Corporation experienced a notable rise in its stock value on June 13, with shares increasing by 3.06% during mid-day trading. The stock peaked at an intraday high of $146.02 before settling at $145.29, representing an increase from the previous close of $140.98. This performance places RTX just 0.50% shy of its 52-week high of $146.02 and a significant 46.65% above its 52-week low of $99.07. The trading volume for RTX totaled 5,917,667 shares, which is 109.8% of the average daily volume of 5,390,182 shares.
Analysts have mixed projections for RTX Corp. According to a recent analysis involving 22 financial analysts, the average one-year price target for the stock is set at $139.84, hinting at a potential downside of 3.75% based on its current price. While the highest target estimate reaches $160.00, the lowest sits at $99.00. Furthermore, 26 brokerage firms have offered a consensus recommendation for RTX, resulting in an average rating of 2.2, which corresponds to an “Outperform” status on a scale where 1 is Strong Buy and 5 is Sell.
In terms of valuation, GuruFocus estimates that the GF Value for RTX Corp in one year is projected at $134.75, suggesting a downside potential of 7.25% from its current price. The GF Value is an indicator that reflects what the stock is believed to be worth relative to its historical multiples and growth projections.
Despite the caution indicated in the analysts’ recommendations and price targets, RTX’s recent performance demonstrates its resilience and investor interest. The stock’s ability to stay significantly above its 52-week low is a positive indicator of its strength in the marketplace.
This analysis serves to provide insights rather than act as personalized financial advice, and it’s crucial for investors to conduct their own research considering their unique financial circumstances and objectives.