|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||45.77 - 46.42|
|52 Week Range||42.30 - 58.00|
|Beta (3Y Monthly)||1.73|
|PE Ratio (TTM)||12.61|
|Earnings Date||Jan 22, 2020 - Jan 27, 2020|
|Forward Dividend & Yield||0.08 (0.17%)|
|1y Target Est||56.23|
One small step for man, one giant leap for… investors looking into aerospace stocks heading to the moon?Talk of a looming recession has been a theme among investors this year. Whether a recession hits or not, Goldman Sachs notes that one sector in particular usually performs well as the market enters into such unpredictable territory, namely Aerospace and Defense.The space has plenty of good stocks, but naturally investors are looking for the right ones to put their hard-earned cash into. Using TipRanks’ Stock Screener tool, we locked in our focus on 3 aerospace stocks the analysts think are ready for lift off heading into 2020. AeroVironment, Inc. (AVAV)Our first aerospace pick is the aptly named, AeroVironment. The company makes unmanned aircraft systems and is the Pentagon's top supplier of small drones — including the Raven, Wasp, and Puma models. The Raven holds the lofty title of “the most widely used military unmanned aircraft system in the world”.The drone manufacturer has been keeping busy. AeroVironment recently secured a $12 million contract from an unnamed Middle Eastern country to supply logistics, parts, and services for an existing fleet of Puma and Raven aircrafts, alongside a $55 million U.S. army contract to begin radio frequency modifications on its Raven fleet.The company is profitable, has cash in the coffers, and Piper Jaffray’s Troy Jensen thinks now is the time for investors to take note. The 5-star analyst said, “We believe the recent pullback in AVAV shares has created a more compelling entry point and we continue to believe the company will execute on a variety of growth initiatives throughout FY20 and beyond. We continue to believe AVAV will benefit as U.S. defense budgets shift more toward unmanned aircraft and international defense sales should grow even faster than domestic sales, given its recent focus on international expansion”.Putting his money where his mouth is, Jensen upgraded his rating on AVAV from Hold to Buy and increased his price target to $76 (from $66). (To watch Jensen’s track record, click here)The Street is set to join Jensen on the launch pad, as AVAV currently has a Strong Buy consensus rating, which breaks down into 3 Buys and 1 Hold. The average price target is $78, implying 29% upside from its current price of $60.63. (See AeroVironment stock analysis on TipRanks)Aerojet Rocketdyne Holdings (AJRD)It is hard to sound more impressive than a company that essentially designs spacecrafts, but then Aerojet Rocketdyne does what it says on the tin. It supplies aerospace and defense products to the U.S government’s major space and defense contractors. The company recently notched a world’s first when it showcased an Advanced Electric Propulsion System (AEPS) thruster at full power which will be used for NASA’s Gateway, an orbiting lunar outpost for robotic and human exploration operations in deep space. Woah.Back down on earth though, Aerojet recently posted a disappointing 3Q19 report. Revenues fell 3.4% year-over-year to $481.8M, below the Street's estimate of $505.4M. EPS of $0.35 was also lower than the Street’s estimate of $0.44.However, SunTrust Robinson’s 5-star analyst Michael Ciarmoli believes the company’s lighter bookings and revenue weakness were more to do with timing than specific problems. Citing Aerojet’s ability to build and generate cash at a strong pace as well as the excess of $650M on its balance sheet, he argues that investors should feel reassured.Ciarmoli said, “In our view, AJRD remains an underfollowed SMID-cap defense contractor poised to benefit from favorable defense spending and space-based trends… We believe ongoing operational improvement efforts, recent leadership changes, and the potential to reengage with Wall Street, all will positively influence shares in the near-term.” To this end, the analyst reiterated his buy rating alongside a price target of $55.00 implying upside potential of 26%. (To watch Ciarmoli’s track record, click here)Canaccord Genuity’s Kenneth Herbert is another analyst predicting lift off for the rocket designer. After recently meeting the company’s management, the 5-star analyst came away impressed, noting, “The 2020-2021 MSD top-line growth is expected to be driven by defense sales (THAAD, Standard Missile, GMLRS, Hypersonics), while space sales re-set at a higher run rate after strong 2019 growth (NASA up ~15% YTD). While much of the margin improvement is reflected in results, we believe top-line growth and capital allocation will be positive catalysts.” (To watch Herbert’s track record, click here)The Street is relatively quiet right now regarding Aerojet. With 2 Buys and 1 Hold, AJRD currently ranks as a Moderate Buy. The aerospace specialist, though, has an average price target of $53.00, which implies an increase of 22% from its current price of $43.60. (See Aerojet stock analysis on TipRanks) Textron (TXT)Textron was founded in 1923 as a textile company but through its expansion and metamorphosis, a century later it is a multinational company with over 35,000 employees worldwide and several big-name subsidiaries under its umbrella, including Bell, Cessna, Beechcraft, E-Z-GO, and Arctic Cat. The company experienced a bit of a sell-off following its recent Q3 report, due to what investors saw as underwhelming performance - the company reported a beat on earnings but missed on revenue. Sector wise, aviation saw notable growth, along with the industrial division. On the other hand, TXT Systems underperformed.Jeffries’ Sheila Kahyaoglu recently met up with company management and following the meeting had some key takeaways, noting, “The tone of the meeting was subdued on the business jet demand environment, with the upside in the portfolio from defense programs including FARA, FLRAA, Navy Trainer, and AT-6.”Highlighting the multinational’s diverse holdings, the 5-star analyst added,” We believe TXT has the potential for significant organic growth given its new product pipeline. Improved market dynamics and some investment holiday should lead to higher earnings in 2019/20. We think this growth outlook is not reflected in the current ~25% valuation discount to peers on an EV/EBITDA basis.”The 5-star analyst reiterated her buy rating on TXT. Her price target remains a bullish $65.00, implying handsome upside potential of 38%. (To watch Kahyaoglu’s track record, click here)Overall, the Street’s sentiment on TXT stock is mixed, giving the multinational a Moderate Buy rating alongside an average price target of $54.40. This implies upside of almost 17% from its current price of $46.37. (See Textron stock analysis on TipRanks)
Bell-Boeing, a joint venture between Boeing (BA) and Textron's Bell Helicopter, is going to support the V-22 platform in Maryland, Texas and Pennsylvania.
With a special missions sale in the bag for its newest business jet, Textron Aviation sees a similar future for its next new turboprop aircraft.
Washington U.S. Rep. Rick Larsen led a group of bipartisan lawmakers that introduced a bill Friday providing for a $25 million campaign to promote careers in aerospace and other transportation sectors.
New data shows global business jet deliveries are up 15.4 precent through the first nine months of the year.
on new factories and equipment by big US companies appears to have persisted through the third quarter of 2019, according to the latest round of earnings reports, which featured warnings from executives that budgets are likely to slow further in the final months of this year. Company executives have also indicated during earnings season that the pace of growth will slump to 1.8 per cent in the fourth quarter, underlining the shadow cast on boardrooms by trade wars and other global factors. “Corporate cash spending will continue to face pressure as management teams deal with persisting uncertainty,” David Kostin, chief US equity strategist for Goldman Sachs, said in a research note.
Bell Textron Inc., Textron Systems, Textron Aviation Inc. and Textron Aviation Defense LLC, all businesses of Textron Inc. (TXT), will display a vast product portfolio of commercial and military aircraft at the Dubai Airshow—one of the world’s largest and most important aerospace events. The show takes place November 17-21 at DWC, Dubai Airshow Site. Textron will be displaying at Pavilion S12 and Chalet A43-45.
A new privacy program could help mitigate concerns related to data being transmitted by federally mandated equipment on aircraft.
With the realization that there is no silver bullet to solving the skills gap, Textron Aviation's broadened recruiting strategy is helping it find workers its needs now and in the future.
Huntington Ingalls' (HII) top line up 6.5% year over year to $2,219 million, owing to higher volume in the Newport News Shipbuilding division and growth in the Technical Solutions division.
Kratos Defense's (KTOS) Q3 sales total $184.1 million, beating the Zacks Consensus Estimate by a whisker. Sales rise 15.5% year over year.
The business jet manufacturer earlier this year began shipping overhauled 737 landing gear to airline customers via its Able Aerospace Services division.
Jay Golden says he isn't coming to Wichita to be an agent of change. He's coming to try and make a good thing even better.
Understanding Textron Inc.'s (NYSE:TXT) performance as a company requires examining more than earnings from one point...
After a nearly doubling this year, Advanced Micro Devices (NASDAQ:AMD) stock appears to be running out of gas.Source: JHVEPhoto / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company's latest earnings report failed to wow Wall Street. Net income at the Santa Clara, Calif.-based company rose to $120 million, or 11 cents per share, compared with $102 million, or 9 cents, a year ago, in GAAP earnings. Revenue at AMD rose 9% to $1.8 billion. The adjusted per-share profit was 18 cents. On that basis, analysts expected AMD to report a per-share profit of 18 cents on revenue of $1.81 million.While AMD reported its highest quarterly sales since 2005 thanks to strong sales of its 7nm Ryzen processors, Radeon graphics chips and EPYC server chips, the company also issued its second straight disappointing guidance. Disappointing Wall Street Yet AgainOf course, "disappointing" is in the eye of the beholder. AMD's revenue projection for the current quarter is between $2.05 billion to $2.15 billion, roughly a 48% increase. Wall Street's expectations were for $2.15 billion. The stock sold off in after-hours trading before rebounding. * 7 Stocks to Buy in November Gains in AMD's Computing and Graphics division continued to offset weaknesses in the company's Enterprise, Embedded and Semi-Custom business in its latest quarter.Microsoft's decision to phase out support for Windows 7 is giving the moribund PC market a boost, which is good news for AMD's Computing and Graphics business and its rivals. The unit's sales jumped 36% to $1.28 billion, its best performance since 2011. Operating income rose nearly 80% to $179 million. Keep in mind, though, that the PC market continues to have its challenges. Data from Gartner estimates that worldwide shipments gained 1.1% on a year-over-year basis in the third quarter. The U.S. posted a 0.3% decline as gains in desktop PCs couldn't overcome a third consecutive quarter of declines for mobile PCs.AMD's Enterprise, Embedded, and Semi-Custom business continue to underperform because of soft demand for game consoles like the Microsoft (NASDAQ: MSFT) Xbox and Sony (NYSE:SNE) PlayStation. Revenue slumped 27% year-over-year to $525 million. Operating income fell to $61 million as operating expenses rose. Click to Enlarge AMD expects better times ahead for the division as new gaming consoles arrive for the holiday season. I am not sure whether any of these devices will be "game-changers" -- excuse the pun. Market research from Knowledge Sourcing Intelligence expects the console market to have a compound annual growth rate of about 4% for the next few years. AMD Stock Is No BargainShares of AMD have skyrocketed more than 1,000% over the past five as the chipmaker emerged from the shadow of its much larger rival Intel, which gained 66 percent during that same period.About the only reason to buy AMD stock is as a 5G play. As my colleague Will Healy noted last year, the company will benefit from the growing numbers of data centers that will need to be located near cell towers. Even so, whatever good news associated with AMD stock is already reflected in its lofty valuation.With a trailing price-to-earnings multiple topping 179, AMD trades at a premium to rivals, including Intel (NASDAQ:INTC) (13.1), Nvidia (NASDAQ:NVDA) (45.2) and Texas Instruments (NASDAQ:TXN) (21.9). The average 52-week price target for AMD stock is $34.59, about where it currently trades. AMD stock is going to tread water for the foreseeable future and should be avoided unless there is a significant price drop. As of this writing, Jonathan Berr had no positions in the aforementioned stocks. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Buy-and-Hold Stocks to Play Investing's Biggest Trends * 7 Stocks to Buy in November * 5 Strong Buy Stocks Under $5 With Massive Upside Potential The post AMD Stock Still Looks Expensive appeared first on InvestorPlace.
FLIR Systems' (FLIR) revenues increased 8.4% year over year to $471.2 million in the third quarter. However, the top line misses the Zacks Consensus Estimate by 3%.