Raytheon Technologies Corp Stock Buy Hold or Sell Recommendation
| RTX Stock | USD 101.56 0.85 0.84% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Raytheon Technologies Corp is 'Hold'. Macroaxis provides Raytheon Technologies buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RTX positions. The advice algorithm takes into account all of Raytheon Technologies' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Raytheon Technologies' buy or sell advice are summarized below:
Real Value 90.06 | Target Price 81.42 | Hype Value 100.26 | Market Value 101.56 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Raytheon Technologies Corp given historical horizon and risk tolerance towards Raytheon Technologies. When Macroaxis issues a 'buy' or 'sell' recommendation for Raytheon Technologies Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Raytheon |
Execute Raytheon Technologies Buy or Sell Advice
The Raytheon recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Raytheon Technologies Corp. Macroaxis does not own or have any residual interests in Raytheon Technologies Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Raytheon Technologies' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Raytheon Technologies Trading Alerts and Improvement Suggestions
| Raytheon Technologies has a strong financial position based on the latest SEC filings | |
| Over 87.0% of the company shares are owned by institutional investors | |
| On 18th of April 2024 Raytheon Technologies paid $ 0.475 per share dividend to its current shareholders | |
| Latest headline from investing.com: Disposition of 21900 shares by Jasper Philip J of Raytheon Technologies at 97.65 subject to Rule 16b-3 |
Raytheon Technologies Returns Distribution Density
The distribution of Raytheon Technologies' historical returns is an attempt to chart the uncertainty of Raytheon Technologies' future price movements. The chart of the probability distribution of Raytheon Technologies daily returns describes the distribution of returns around its average expected value. We use Raytheon Technologies Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Raytheon Technologies returns is essential to provide solid investment advice for Raytheon Technologies.
| Mean Return | 0.26 | Value At Risk | -0.86 | Potential Upside | 1.63 | Standard Deviation | 0.98 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Raytheon Technologies historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Raytheon Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Raytheon Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Raytheon Technologies Corp backward and forwards among themselves. Raytheon Technologies' institutional investor refers to the entity that pools money to purchase Raytheon Technologies' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Massachusetts Financial Services Company | 2023-12-31 | 15.3 M | Northern Trust Corp | 2023-12-31 | 13.5 M | Goldman Sachs Group Inc | 2023-12-31 | 12.6 M | Franklin Resources Inc | 2023-12-31 | 11.4 M | Bank Of New York Mellon Corp | 2023-12-31 | 10.7 M | Clearbridge Advisors, Llc | 2023-12-31 | 10.7 M | Sanders Capital, Llc | 2023-12-31 | 10.7 M | Charles Schwab Investment Management Inc | 2023-12-31 | 10.5 M | Wells Fargo & Co | 2023-12-31 | 10.2 M | Vanguard Group Inc | 2023-12-31 | 123.9 M | State Street Corporation | 2023-12-31 | 121.4 M |
Raytheon Technologies Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (1.2B) | 412M | 163M | (1.6B) | (1.1B) | (1.0B) | |
| Change In Cash | 1.2B | 1.4B | (1B) | (1.6B) | 335M | 351.8M | |
| Free Cash Flow | 6.3B | 1.6B | 4.7B | 4.4B | 5.5B | 3.1B | |
| Depreciation | 3.8B | 4.2B | 4.6B | 4.1B | 4.2B | 4.4B | |
| Other Non Cash Items | (1.6B) | 1.3B | (1.7B) | (1.5B) | 269M | 282.5M | |
| Dividends Paid | 2.4B | 2.7B | 3.0B | 3.1B | 3.2B | 3.4B | |
| Capital Expenditures | 2.6B | 2.0B | 2.3B | 2.8B | 2.4B | 1.7B | |
| Net Income | 5.9B | (2.9B) | 4.1B | 5.3B | 3.4B | 3.2B | |
| End Period Cash Flow | 7.4B | 8.8B | 7.8B | 6.2B | 6.6B | 3.8B | |
| Change Receivables | 419M | 1.3B | (570M) | 437M | 502.6M | 527.7M | |
| Net Borrowings | (1.8B) | (16.1B) | (305M) | 487M | 438.3M | 492.7M | |
| Change To Netincome | (1.6B) | 1.2B | (1.1B) | (2.8B) | (2.5B) | (2.4B) | |
| Investments | (322M) | 56M | (1.1B) | (2.8B) | (3.0B) | (2.9B) |
Raytheon Technologies Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Raytheon Technologies or Aerospace & Defense sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Raytheon Technologies' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Raytheon stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.24 | |
β | Beta against NYSE Composite | 0.15 | |
σ | Overall volatility | 0.99 | |
Ir | Information ratio | 0.20 |
Raytheon Technologies Volatility Alert
Raytheon Technologies Corp exhibits relatively low volatility with skewness of 2.29 and kurtosis of 10.23. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Raytheon Technologies' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Raytheon Technologies' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Raytheon Technologies Implied Volatility
Raytheon Technologies' implied volatility exposes the market's sentiment of Raytheon Technologies Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Raytheon Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Raytheon Technologies stock will not fluctuate a lot when Raytheon Technologies' options are near their expiration.
Raytheon Technologies Fundamentals Vs Peers
Comparing Raytheon Technologies' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Raytheon Technologies' direct or indirect competition across all of the common fundamentals between Raytheon Technologies and the related equities. This way, we can detect undervalued stocks with similar characteristics as Raytheon Technologies or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Raytheon Technologies' fundamental indicators could also be used in its relative valuation, which is a method of valuing Raytheon Technologies by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Raytheon Technologies to competition |
| Fundamentals | Raytheon Technologies | Peer Average |
| Return On Equity | 0.0498 | -0.31 |
| Return On Asset | 0.0211 | -0.14 |
| Profit Margin | 0.05 % | (1.27) % |
| Operating Margin | 0.12 % | (5.51) % |
| Current Valuation | 174.09 B | 16.62 B |
| Shares Outstanding | 1.33 B | 571.82 M |
| Shares Owned By Insiders | 0.08 % | 10.09 % |
| Shares Owned By Institutions | 87.10 % | 39.21 % |
| Number Of Shares Shorted | 34.63 M | 4.71 M |
| Price To Earning | 44.30 X | 28.72 X |
| Price To Book | 2.23 X | 9.51 X |
| Price To Sales | 1.93 X | 11.42 X |
| Revenue | 68.92 B | 9.43 B |
| Gross Profit | 13.67 B | 27.38 B |
| EBITDA | 3.56 B | 3.9 B |
| Net Income | 3.38 B | 570.98 M |
| Cash And Equivalents | 6.22 B | 2.7 B |
| Cash Per Share | 3.66 X | 5.01 X |
| Total Debt | 45.24 B | 5.32 B |
| Debt To Equity | 0.49 % | 48.70 % |
| Current Ratio | 1.09 X | 2.16 X |
| Book Value Per Share | 45.14 X | 1.93 K |
| Cash Flow From Operations | 7.88 B | 971.22 M |
| Short Ratio | 3.91 X | 4.00 X |
| Earnings Per Share | 2.23 X | 3.12 X |
| Price To Earnings To Growth | 0.86 X | 4.89 X |
| Target Price | 98.33 | |
| Number Of Employees | 185 K | 18.84 K |
| Beta | 0.6 | -0.15 |
| Market Capitalization | 133.96 B | 19.03 B |
| Total Asset | 161.87 B | 29.47 B |
| Retained Earnings | 52.15 B | 9.33 B |
| Working Capital | 1.66 B | 1.48 B |
Note: Disposition of 21900 shares by Jasper Philip J of Raytheon Technologies at 97.65 subject to Rule 16b-3 [view details]
Raytheon Technologies Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Raytheon . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 124232.0 | |||
| Daily Balance Of Power | 0.6911 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 101.65 | |||
| Day Typical Price | 101.62 | |||
| Price Action Indicator | 0.34 | |||
| Period Momentum Indicator | 0.85 |
About Raytheon Technologies Buy or Sell Advice
When is the right time to buy or sell Raytheon Technologies Corp? Buying financial instruments such as Raytheon Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 33.1B | 33.5B | 45.2B | 47.5B | Total Assets | 161.4B | 158.9B | 161.9B | 170.0B |
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Check out Raytheon Technologies Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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Is Raytheon Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Raytheon Technologies. If investors know Raytheon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Raytheon Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.091 | Dividend Share 2.32 | Earnings Share 2.23 | Revenue Per Share 48.331 | Quarterly Revenue Growth 0.101 |
The market value of Raytheon Technologies is measured differently than its book value, which is the value of Raytheon that is recorded on the company's balance sheet. Investors also form their own opinion of Raytheon Technologies' value that differs from its market value or its book value, called intrinsic value, which is Raytheon Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Raytheon Technologies' market value can be influenced by many factors that don't directly affect Raytheon Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Raytheon Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Raytheon Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Raytheon Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.