- Aerojet Rocketdyne stock is cheap, its fundamentals strong, and we rate it at Buy as a result.
- Currently trading at just 7.3x TTM unlevered pre-tax free cash flow, the company is growing its revenue backlog at some 48% year on year.
- We anticipate a strong Q3 with elements of the Air Force GBSD nuclear renewal program being added to backlog.
- We believe that an entry now is compelling - but if we're wrong, today's price is just 10% above a strong support level where one could average down in some safety.
For further details see:
How To Invest In Space Now - We're At Buy On Fundamentals In Aerojet Rocketdyne