2 Hot Stocks That Could Live Up to Their Lofty Valuations

Lee Samaha, The Motley Fool
·4 min read
2 Hot Stocks That Could Live Up to Their Lofty Valuations

Based on conventional metrics, aerospace & defense giant Raytheon Technologies (NYSE: RTX) and agriscience company Corteva (NYSE: CTVA) are not conventionally cheap stocks. It's a commonly used valuation metric, and although there's no hard and fast rule as to what EV/EBITDA multiples a company should trade at, a multiple of around 11 is often seen as representing a reasonable value for a mature company. Going into 2022, Raytheon's playbook was for significantly increased profits from its commercial aerospace-focused businesses, Collins Aerospace and Pratt & Whitney, while its defense-focused businesses, Raytheon Missiles & Defense and Raytheon Intelligence & Space, were supposed to deliver solid if uninspiring profit increases.

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