MTU Aero Engines (ETR:MTX) Stock Upgrade
Bankhaus Lampe KG upgraded shares of MTU Aero Engines (ETR:MTX) stock to a solid Buy rating. This recent change was sent to investors and clients in a comprehensive report today. The equities firm after the upgrade has a EUR 98.00 Estimated Target Price on MTX.
From a total of 13 analysts covering MTU Aero Engines (ETR:MTX) stock, 7 rate it a ”Buy”, 2 a “Sell”, and 4 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is €120 while the lowest target price is €73. The mean of all analyst targets is €95.45 with a 5.05% above today’s (€90.86) stock price. MTU Aero Engines was the topic of 25 analyst reports since July 16, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs maintained shares on November 24 with “Neutral” rating. Societe Generale downgraded shares to “Sell” rating and €73 target share price in a report from an October 27. Landesbank upgraded MTX stock in a recent report from October 28 to “Buy” rating. Independent Research maintained the rating on October 27. Independent Research has a “Hold” rating and a €94 price target on shares. Finally, Commerzbank upgraded the stock to “Buy” rating in a report issued on an October 27.
The stock increased 2.72% or EUR 2.41 on November 26, striking EUR 90.86. Approximately 278,855 shares of stock traded hands or 84.93% up from the average. MTU Aero Engines AG (ETR:MTX) has declined 11.94% since April 24, 2015 and is downtrending. It has underperformed by 10.58% the S&P500.
MTU Aero Engines AG, formerly Mtu Aero Engines Holding AG, is a Germany holding firm engaged in the design, development and manufacture of engine modules and components for the military and commercial aircrafts. The company has a market cap of 4.72 billion EUR. The Firm also manufactures complete engines and makes industrial gas turbines. It has 21.74 P/E ratio. The Firm divided its business activities into two divisions: Original Equipment Manufacturing , covering the Company’s activities related to the design and manufacture of new engines and spare parts for commercial engine business and the military engine business, and Maintenance, Repair and Overhaul (MRO) segment, engaged in the provision of maintenance services, including the repair and overhaul of aircraft engines and industrial gas turbines, organized under MTU Maintenance.
According to Zacks Investment Research, “Minerals Technologies Inc. is a resource and technology-based company that develops, produces and markets on a worldwide basis a broad range of specialty mineral, mineral-based and synthetic mineral products. The Company has two operating segments: Specialty Minerals and Refractories. The Specialty Minerals segment produces and sells precipitated calcium carbonate and lime, and mines, processes and sells the natural mineral products limestone and talc. The Refractories segment produces and markets monolithic and shaped refractory materials and services.” Get a free copy of the Zacks research report on MTU Aero Engines AG (MTX)