Raytheon Technologies given a $397.68M modification to a Navy contract

Raytheon Stock (RTX:NYE) Analysis:

Last Closing Price: $96.90

Consensus Analyst Rating: Buy

12-Month Price Target: $103.42

Market CAP: $143.29

 

Raytheon Stock-Market News:

Raytheon (RTX:NYE) has been granted a $397.68M firm-fixed-price modification to an existing contract to exercise options for FY23 guided missile assemblies, shipping containers, and spare components in support of the FY21-FY23 Evolved Seasparrow Missile Block 2 full-rate manufacturing requirements.

The planned completion date is March 2027.

FY23 Other Customer Funds in the amount of $214.45M; FY23 Weapon Procurement Funds in the amount of $163.32M; FY20 Other Customer Funds in the amount of $8.75M; FY21 Other Customer Funds in the amount of $7.23M; FY19 Other Customer Funds in the amount of $1.31M; FY22 Other Customer Funds in the amount of $1.25M; FY22 Weapons Procurement Funds in the amount of $824.92M.

The Naval Sea Systems Command is in charge of procurement.

 

Raytheon Stock-Analyst Ratings:

Morgan Stanley maintains the “Overweight” rating with Raytheon stock price target of $119.

Robert W Baird maintains the “Outperform” rating with Raytheon stock price target of $106.

RBC Royal Bank maintains the “Outperform” rating with Raytheon stock price target of $102.

 

About Raytheon Technologies:

Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.

The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.

The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units.

The Raytheon Intelligence & Space segment develops and provides integrated space, communication, and sensor systems for missions, training, and cyber and software solutions to intelligence, defense, federal, and commercial customers.

The Raytheon Missiles & Defense segment designs, develops, produces, and sustains integrated air and missile defense systems; defensive and combat solutions; land- and sea-based radars; command, control, communications, and intelligence solutions; and naval and undersea sensor solutions for the U.S. and foreign government customers.

The company is headquartered in Waltham, Massachusetts.

Analysts rate Momentus Inc. (MNTS:NSD) with a Sell rating

Based on the Momentus Stock Forecast from 2 analysts, the average analyst MNTS stock price target is USD 4.50 over the next 12 months. Momentus Inc’s average analyst rating is Sell. Stock Target Advisor’s own stock analysis of Momentus Inc is Bearish, which is based on 1 positive signal and 5 negative signals. At the last closing, Momentus stock price was USD 1.34Momentus stock price has changed by -0.03% over the past week, -0.40% over the past month and -88.04% over the last year.

 

About Momentus Inc. (MNTS:NSD):

Momentus Inc., together with its subsidiaries, operates as a commercial space company. The company focuses on providing in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services. Its principal and target customers include satellite operators. The company is headquartered in San Jose, California.

 

What we like:

Underpriced compared to earnings:

MNTS stock price is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

 

What we don’t like:

Low market capitalization:

Momentus Stock is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns:

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

Below median dividend returns:

The average income yield of Momentus Stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Negative cashflow:

Momentus had negative total cash flow in the most recent four quarters.

Negative free cash flow:

Momentus had negative total free cash flow in the most recent four quarters.

Analysts rate Boeing Co (BA:NYE) with a Buy rating and a $215 target

Jefferies Financial LLC reiterates the Buy rating with the BA stock price target of $225.

Based on the Boeing Stock Forecast from 14 analysts, the average analyst BA stock price target is USD 215.12 over the next 12 months. Boeing Co’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Boeing stock forecast is Bearish, which is based on 1 positive signal and 8 negative signals. At the last closing, Boeing stock price was USD 133.51Boeing stock price has changed by +6.00% over the past week, -18.31% over the past month and -40.51% over the last year.

 

About Boeing Co (BA:NYE):

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The company was incorporated in 1916 and is based in Chicago, Illinois.

 

What we like:

High market capitalization:

Boeing stock forecast shows that this is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

 

What we don’t like:

Poor risk adjusted returns:

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

High volatility:

Boeing stock forecast shows that the total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median dividend returns:

Boeing stock forecast shows that the company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings:

BA stock price target is trading high compared to its peers on a price to earning basis and is above the sector median.

Negative cashflow:

The company had negative total cash flow in the most recent four quarters.

Negative free cash flow:

The company had negative total free cash flow in the most recent four quarters.

Low Earnings Growth:

Boeing stock forecast shows that this stock has shown below median earnings growth in the previous 5 years compared to its sector.

Low Revenue Growth:

Boeing stock forecast shows that this stock has shown below median revenue growth in the previous 5 years compared to its sector.

Analysts rate Bombardier Inc.(BBD-B:TSX) with a Strong Buy rating and a $47 target

Bombardier Inc Stock Analysis:

Analysts rate Bombardier Inc. with a consensus Strong Buy rating and a 12-month average target price of $47.09 per share.

Based on the Bombardier Inc stock forecasts from 13 analysts, the average analyst target price for Bombardier Inc is CAD 47.09 over the next 12 months. Bombardier Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Bombardier Inc is Slightly Bearish, which is based on 3 positive signals and 7 negative signals. At the last closing, Bombardier Inc’s stock price was CAD 24.73Bombardier Inc’s stock price has changed by -6.22% over the past week, -19.84% over the past month and -55.24% over the last year.

What we like:

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What we don’t like:

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector.

Analysts rate Vertical Aerospace Ltd. (EVTL:NYE) with a Under-perform rating and a $7 target

Barclays maintains the underweight rating and $5 EVTL stock price target.

Based on the Vertical Aerospace Stock Forecast from 3 analysts, the average analyst EVTL stock price target is USD 7.00 over the next 12 months. Vertical Aerospace Ltd’s average analyst rating is Under-perform. Stock Target Advisor’s own stock analysis of EVTL stock forecast is Very Bearish, which is based on 0 positive signals and 6 negative signals. At the last closing, Vertical Aerospace stock price was USD 9.64Vertical Aerospace stock price has changed by +3.37% over the past week, +4.01% over the past month and +0.00% over the last year.

 

About Vertical Aerospace Ltd. (EVTL:NYE):

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility. It offers VX4, an eVTOL aircraft. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.

 

What we like:

There is nothing we particularly like about the fundamentals of EVTL’s stock.

 

What we don’t like:

Low market capitalization:

EVTL stock is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Overpriced compared to book value:

EVTL stock price is trading high compared to its peers median on a price to book value basis.

Negative cashflow:

Vertical Aerospace stock had negative total cash flow in the most recent four quarters.

Negative free cash flow:

Vertical Aerospace stock had negative total free cash flow in the most recent four quarters.

Low Earnings Growth:

EVTL stock has shown below median earnings growth in the previous 5 years compared to its sector.

Low Revenue Growth:

Vertical Aerospace stock has shown below median revenue growth in the previous 5 years compared to its sector.