- RTX (RTX) has strong technical momentum, including a Trend Seeker “Buy” signal.
- Shares are trading at all-time highs.
- RTX has robust fundamentals and pays a dividend yielding 1.68%.
- While not a formal buy recommendation, RTX benefits from commercial aerospace and defense demand, supporting continued price appreciation and strong investor interest.
Today’s Featured Stock
Valued at $216 billion, RTX (RTX) is an aerospace and defense company. Its operating segments include Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.
What I’m Watching
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. RTX checks those boxes. It hit a brand-new Trend Seeker “Buy” on Sept. 24.
RTX Price vs. Daily Moving Averages:
Barchart Technical Indicators for RTX
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
RTX hit an all-time high of $163.03 in intraday trading on Sept. 24.
- RTX has a Weighted Alpha of +38.28.
- RTX has an 100% “Buy” opinion from Barchart.
- The stock gained 33.19% over the past year.
- RTX has its Trend Seeker “Buy” signal intact.
- RTX is trading above its 20-, 50-, and 100-day moving averages.
- The stock made 5 new highs and gained 3.05% in the last month.
- Relative Strength Index (RSI) is at 61.78%.
- There’s a technical support level around $160.38.
Don’t Forget the Fundamentals
- $216 billion market capitalization.
- 26.67x trailing price-earnings ratio.
- 1.68% dividend yield.
- Revenue is projected to grow 6.14% this year and another 5.77% next year.
- Earnings are estimated to increase by 3.98% this year and an additional 11.42% next year.
Analyst and Investor Sentiment on RTX
I don’t buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping stock, it’s hard to make money swimming against the tide.
It looks like Wall Street analysts are high on RTX and so are individual investors.
- The Wall Street analysts tracked by Barchart have issued 13 “Strong Buys,” 1 “Moderate Buy” and 8 “Hold” opinions on the stock.
- Their price targets are between $120-$180.
- Value Line gives the stock its “Average” rating but with a price target of $182 and comments: “Revenues should not be the problem, as demand on the aerospace/defense front remains white hot.”
- CFRA’s MarketScope Advisor rates it a “Hold" with a price target of $164.
- Morningstar thinks the stock is fairly valued and comments: “RTX is well balanced between commercial aerospace and defense, which would partially insulate the firm from a downturn in either segment.”
- 3,104 investors following the stock on Motley Fool think the stock will beat the market while 214 think it won’t.
- 168,420 investors monitor the stock on Seeking Alpha, which rates the stock a “Buy” and comments: “RTX Corporation’s dual-pronged growth strategy benefits from the ongoing commercial travel boom and increased defense spending, supporting a strong backlog and raised sales guidance for 2025.”
The Bottom Line on RTX
RTX appears to have backing not only from Wall Street, but also from other financial advisory sites and individual investors.
Today’s Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here.
Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
