Recent exceptional positive changes in investment behavior have benefitted Raytheon Technologies Corp (NYSE: RTX): positive upside/downside volume developed, and its longer term price trend turned up.
Raytheon Technologies Corp (NYSE: RTX) has benefited from important positive changes in fundamentals: 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
RTX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Raytheon Technologies has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Raytheon Technologies has a slightly negative Appreciation Score of 40 but a good Power Rating of 74, leading to the Neutral Value Trend Rating.
Recent Price Action
On 4/8/24, Raytheon Technologies Corp (NYSE: RTX) stock rose slightly by 0.2%, closing at $101.88. Moreover, above average trading volume at 121% of normal accompanied the advance. The stock has risen 4.5% during the last week and has been strong relative to the market over the last nine months.
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