Raytheon Technologies Corp (NYSE: RTX) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, and its longer term price trend turned up.
Notable positive changes in fundamentals have recently occurred for Raytheon Technologies Corp (NYSE: RTX): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RTX is expected to continue to be a major Value Builder.
Raytheon Technologies has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Raytheon Technologies has a neutral Appreciation Score of 42 but a good Power Rating of 71, with the Neutral Value Trend Rating the result.
Recent Price Action
On 3/28/24, Raytheon Technologies Corp (NYSE: RTX) stock rose slightly by 0.08%, closing at $97.53. Moreover, this advance was accompanied by above average trading volume at 130% of normal. The stock has performed in line with the market over the last nine months and has risen 2.8% during the last week.
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