4 Top Aerospace Stocks to Consider Buying Now
Aerospace suppliers have enjoyed strong demand for the better part of a decade, thanks to an airline industry, after rounds of bankruptcies and consolidation, that is finally stable enough to renew fleets and plan long-term. We're late in the cycle, but companies including TransDigm (NYSE: TDG), United Technologies (NYSE: UTX), Esterline (NYSE: ESL), and Hexcel (NYSE: HXL) still offer reasons for optimism for investors looking to buy in.
The airplane business has historically been highly cyclical, and with Boeing and Airbus now eight years into an upcycle in deliveries; some caution is merited. We've already seen a pullback in demand for widebody jets, the larger twin-aisle planes used primarily for international flights, but the market for smaller single-aisle narrowbodies like the Boeing 737 and Airbus A320 remains so strong the companies are thinking about raising production rates.
The Airbus A320neo is powered by UTC-made Pratt & Whitney engines. Image source: United Technologies.
Source: Fool.com
Raytheon Technologies Corp. Stock
The community is currently still undecided about Raytheon Technologies Corp. with 2 Buy predictions and 0 Sell predictions.
As a result the target price of 97 € shows a slightly positive potential of 2.28% compared to the current price of 94.84 € for Raytheon Technologies Corp..
