Summary:
- Collins Aerospace, part of RTX, announces significant layoffs amidst global trade tensions.
- Analyst projections suggest a modest upside for RTX Corp with a mixed outlook.
- Current stock valuations align closely with GuruFocus estimates, indicating potential growth.
Collins Aerospace, a notable entity under the umbrella of RTX, has unveiled plans to lay off 287 employees across its facilities in Iowa and California. This decision is primarily driven by escalating global trade tensions, with particular emphasis on the challenges stemming from China’s sanctions on Raytheon and Collins Aerospace ventures.
Wall Street Analysts Forecast
RTX Corp (RTX, Financial) has been the focus of 21 analysts who have projected a one-year price target. The consensus places the average target price at $135.73, with forecasts ranging from a high of $160.00 to a low of $87.00. This average target suggests a potential upside of 5.31% from the current trading price of $128.89. For a deeper dive into these projections, visit the RTX Corp (RTX) Forecast page.
When it comes to the broader market sentiment, RTX Corp enjoys an average brokerage recommendation of 2.3 from 26 brokerage firms, indicating an "Outperform" status. This rating falls on a scale where 1 represents a Strong Buy and 5 indicates a Sell recommendation.
Moreover, GuruFocus' proprietary GF Value for RTX Corp (RTX, Financial) is projected to be $134.45 in one year. This suggests an estimated upside of 4.31% from its current price of $128.89. The GF Value is a calculated estimation of a stock’s fair trading value, considering historical trade multiples, past business growth, and expected future performance. For comprehensive data, investors are encouraged to visit the RTX Corp (RTX) Summary page.
