Raytheon Technologies stock has undergone multiple analysts rating changes in the recent past. Raytheon Technologies stock Target Raised by Wells Fargo & Company on 10/27/2021. In a note to investors, the firm issued a new target price of $97.00. The analysts previously had $91.00 target price. Wells Fargo & Company’s price target would indicate a potential upside of 8.79% from the stock’s previous close.
Shares of Raytheon Technologies traded up $0.46 on Tuesday, reaching $89.62. 1465071 shares of the stock traded hands, compared to its average volume of 5538668. On Tuesday, Shares of Raytheon Technologies closed at $89.62. The firm’s 50 day moving average is $86.73 and its 200 day moving average is $82.25.Raytheon Technologies has a 12 month low of $51.92 and a 12 month high of $92.32. While on yearly highs and lows, Raytheon Technologies today has traded high as $90.56 and has touched $88.69 on the downward trend.
Raytheon Technologies Earnings and What to expect:
Raytheon Technologies last released its earnings data on October 25th, 2021. The reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. The firm earned $16.20 billion during the quarter, compared to analysts’ expectations of $16.36 billion. Its revenue for the quarter was up 7.7% on a year-over-year basis. Raytheon Technologies has generated $2.73 earnings per share over the last year ($1.44 diluted earnings per share) and currently has a price-to-earnings ratio of 62.5. Earnings for Raytheon Technologies are expected to grow by 23.02% in the coming year, from $4.04 to $4.97 per share. Raytheon Technologies has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, January 25th, 2022 based off prior year’s report dates.
Earnings for Raytheon Technologies are expected to grow by 23.02% in the coming year, from $4.04 to $4.97 per share. The P/E ratio of Raytheon Technologies is 61.78, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.30. The P/E ratio of Raytheon Technologies is 61.78, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 22.29. Raytheon Technologies has a PEG Ratio of 1.56. PEG Ratios above 1 indicate that a company could be overvalued. Raytheon Technologies has a P/B Ratio of 1.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Raytheon Technologies (NYSE:RTX) Moving Average Technical Analysis
5 day Moving Average is $$90.85 And 5 day price change is -$1.37 (-1.49%) with average volume for 5 day average is 4,818,330. While technical analysis for average 20 days shows significant difference, 20 day moving average is $89.86 and 20 day price change is $3.32 (3.82%) and average 20 day moving volume is 4,377,413. 50 day moving average is $86.73 and 50 day price change is $3.70 ( 4.27%) and with average volume for 50 days is : 4,890,845. 200 day moving average is $82.25 and 200 day price change is $18.79 (0.2627) and with average volume for 200 days is : 5,985,448.
Other owners latest trading in Raytheon Technologies :
- On 10/27/2021 shares held by Washington Trust Bank were 5,550 which equates to market value of $0.48M and appx 0.10% owners of Raytheon Technologies
- On 10/27/2021 shares held by Westpac Banking Corp were 226,012 which equates to market value of $19.43M and appx 0.20% owners of Raytheon Technologies
- On 10/26/2021 shares held by Montis Financial LLC were 7,025 which equates to market value of $0.62M and appx 0.50% owners of Raytheon Technologies
- In total Institutional ownership equates to Institutional Ownership Percentage: 78.21% for Raytheon Technologies
See More Analyst Rating at: RATING