#6 - Raytheon Corporation (NYSE:RTX)
Raytheon Corporation (NYSE: RTN) – Raytheon was already a beneficiary of the "Trump Effect" –the surge in stocks after President Trump's election in 2016. The stock of the multinational aerospace and defense contractor rose nearly 46 percent since the election and after a brief contraction looks poised to rise again. This time, the company should benefit from the Trump tariffs. The company is well-positioned to withstand the tariffs. According to CEO Tom Kennedy, the company does not import from China and they are already purchasing the bulk of their steel and aluminum purchases from American manufacturers, meaning they will not be facing the same cost pressures as competitors. Internationally, many American allies are increasing their investment in defense spending to meet new NATO requirements. This has caused the company’s revenue from international sales to increase to nearly 32 percent and continues to trend up. First-quarter net sales were up 4.5% from the same period in 2017 at $6.3 billion with an earnings per share of $2.20, a year-over-year increase of over 27 percent.
About RTX
RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.
Read More - Current Price
- $116.48
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $177.93 (52.8% Upside)
