Raytheon Technologies Corporation (NYSE:RTX) traded at a new 52-week high today of $88.70. This new high was reached on below average trading volume as 2.6 million shares traded hands, while the average 30-day volume is approximately 6.8 million shares.
Raytheon Technologies is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to the commercial aerospace manufactures and to the defense market as a prime and subprime contractor. The company operates in four segments: Pratt & Whitney, an engine manufacturer, Collins Aerospace, which is a diversified aerospace supplier, and intelligence, space and airborne systems, a mix between a sensors business and a government IT contractor, and integrated defense and missile systems, a defense prime contractor focusing on missiles and missile defense hardware.
Raytheon Technologies Corporation share prices have moved between a 52-week high of $88.70 and a 52-week low of $51.92 and are now trading 70% above that low price at $88.04 per share.
Raytheon Technologies Corporation (NYSE:RTX) has potential upside of 33.4% based on a current price of $88.04 and analysts’ consensus price target of $117.42.
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