Jefferies Believes Raytheon Technologies (RTX) Won’t Stop Here

Jefferies analyst Sheila Kahyaoglu maintained a Buy rating on Raytheon Technologies (RTXResearch Report) on January 18 and set a price target of $105.00. The company’s shares closed last Thursday at $90.49, close to its 52-week high of $92.48.

According to TipRanks.com, Kahyaoglu is a 4-star analyst with an average return of 7.5% and a 61.4% success rate. Kahyaoglu covers the Technology sector, focusing on stocks such as Aerojet Rocketdyne Holdings, L3Harris Technologies, and Science Applications.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Raytheon Technologies with a $101.67 average price target.

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The company has a one-year high of $92.48 and a one-year low of $65.02. Currently, Raytheon Technologies has an average volume of 4.85M.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RTX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Based in Massachusetts, Raytheon Technologies Corporation, an aerospace and defense company, provides advanced systems and services for commercial, military, and government customers worldwide. The company operates through four business segments, including Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense. The company was formed in April 2020, through the combination of Raytheon company and the United Technologies Corporation aerospace businesses.

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