Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Raytheon Technologies on Thursday, setting a price target of $88, which is approximately 12.50% above the present share price of $78.22.
Rumohr expects Raytheon Technologies to post earnings per share (EPS) of $0.09 for the second quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Raytheon Technologies, with an average price target of $89.14.
The analysts price targets range from a high of $97 to a low of $78.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $16.42 billion and a net profit of $142 million. The company's market cap is $118.58 billion.
According to TipRanks.com, Cowen & Co. analyst Cai Rumohr is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.1% and a 64.50% success rate.
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 (NYSE:RTN) Intelligence & Space and Raytheon Missiles & Defense. The company was formed in April 2020, through the combination of Raytheon company and the United Technologies Corporation (NYSE:RTX) aerospace businesses.