GM stock trades at 5.4 times expected 2023 EPS, 5.3 times estimated 2024 earnings of $6.27 and 4.9 times estimated 2025 earnings of $6.84 per share. The stock’s 52-week range is $30.33 to $43.63. GM does not pay a dividend, and total shareholder return for the past year was negative 17.75%.
Raytheon
Defense contractor Raytheon Technologies Corp. (NYSE: RTX) has seen its share price slip by 2.5% over the past 12 months. Since the beginning of 2023, the stock is down 1.4%. Earlier this week, China revealed that it has banned executives of the company’s missiles and defense segment from visiting, working, or residing in the country since mid-February. Lockheed officials were also banned. According to a report, China imposed the restrictions because the two firms make arms sales to Taiwan.
Of 23 analysts covering the stock, 13 have a Buy or Strong Buy rating, and the other 10 rate it at Hold. At a share price of around $102.30, the upside potential based on a median price target of $109.00 is 6.5%. At the high price target of $120.00, the upside potential is 17.3%.
Analysts expect Raytheon to report first-quarter revenue of $16.98 billion, down 6.2% sequentially but 8.0% higher year over year. Adjusted EPS are expected to reach $1.13, down 10.7% sequentially and by 1.7% year over year. For the full 2023 fiscal year, EPS are pegged at $5.02, up 5%, on revenue of $72.42 billion, up 8%.
Raytheon stock trades at 20.4 times expected 2023 EPS, 17.7 times estimated 2024 earnings of $5.79 and 15.2 times estimated 2025 earnings of $6.74 per share. The stock’s 52-week range is $80.27 to $108.84. Raytheon pays an annual dividend of $2.20 (yield of 2.11%). Total shareholder return over the past 12 months was 2.93%.
UPS
United Parcel Service Inc. (NYSE: UPS) stock has added about 2.7% over the past 12 months, including a jump of more than 12% so far in 2023. When rival FedEx reported results last month, the company beat the EPS estimate by 25% even though it missed the revenue estimate. The bar has been set pretty low for UPS, indicating that the delivery giant probably will have to hammer estimates in order to get a nod from investors.
Analysts remain somewhat bullish on the stock, with 15 of 30 having a Buy or Strong Buy rating and 12 others rating it at Hold. At a price of around $195.60 a share, the stock trades near its median price target of $196.00. At the high price target of $225.00, the upside potential is 15%.
Analysts expect UPS to report first-quarter revenue of $23 billion, down 14.9% sequentially and by 5.7% year over year. Adjusted EPS are pegged at $2.22, down 38.7% sequentially and 27.2% lower year over year. For the full 2023 fiscal year, analysts anticipate EPS of $11.42, down 11.7%, on sales of $95.26 billion, down 2.1%.
UPS stock trades at 17.1 times expected 2023 EPS, 15.9 times estimated 2024 earnings of $12.32 and 14.5 times estimated 2025 earnings of $13.51 per share. The stock’s 52-week range is $154.87 to $209.39. UPS pays an annual dividend of $6.48 (yield of 3.32%). Total shareholder return for the past 12 months was 7.08%.
Originally published at 24/7 Wall St.
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