MTU Aero Engines (ETR:MTX) Stock Upgrade
equinet AG raised shares of MTU Aero Engines (ETR:MTX) stock to a solid “Accumulate” rating. This recent change was sent to clients and investors in a note today. The financial firm now has a EUR 90.00 TP 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 €96.36 with a 6.86% above today’s (€90.17) stock price. MTU Aero Engines was the topic of 29 analyst reports since July 16, 2015 according to the firm StockzIntelligence Inc. Societe Generale downgraded shares on November 27 to “Sell” rating. S&P Research upgraded shares to “Buy” rating and €95 target share price in a report from an October 28. Commerzbank upgraded MTX stock in a recent report from November 27 to “Buy” rating. Landesbank upgraded the rating on October 28. Landesbank has a “Buy” rating and a €107 price target on shares. Finally, Goldman Sachs maintained the stock with “Neutral” rating in a report issued on a November 24.
Approximately 3,373 shares of stock traded hands. 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 4.69 billion EUR. The Firm also manufactures complete engines and makes industrial gas turbines. It has 21.58 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.
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