Analysts at Goldman Sachs Group Inc. Maintain their Past ‘”Neutral”’ rating on Shares MTU Aero Engines (ETR:MTX), Set a EUR 102.00 Target Price

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MTU Aero Engines (ETR:MTX) Rating Reaffirmed

They currently have a EUR 102.00 target PPS on MTU Aero Engines (ETR:MTX). The target price by Goldman Sachs Group Inc. would suggest a potential upside of 10.25% from the company’s last stock close price. This has been disclosed to clients in an analyst note on Thursday morning.

From a total of 4 analysts covering MTU Aero Engines (ETR:MTX) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is €85 while the lowest target price is €68. The mean of all analyst targets is €73.25 with a 4.17% above today’s (€92.5) stock price. MTU Aero Engines was the topic of 30 analyst reports since July 16, 2015 according to the firm StockzIntelligence Inc. Warburg Research upgraded shares on December 1 to “Buy” rating. S&P Research upgraded shares to “Buy” rating and €95 target share price in a report from an October 28. Equinet upgraded MTX stock in a recent report from November 27 to “Accumulate” rating. Landesbank upgraded the rating on October 28. Landesbank has a “Buy” rating and a €107 price target on shares. Finally, Bankhaus Lampe upgraded the stock to “Buy” rating in a report issued on a November 27.

The stock decreased 0.38% or EUR 0.35 on December 2, striking EUR 92.5. Approximately 147,698 shares of stock traded hands. MTU Aero Engines AG (ETR:MTX) has declined 11.27% since April 30, 2015 and is downtrending. It has underperformed by 11.07% the S&P500.

Analysts at Goldman Sachs Group Inc. Maintain their Past ‘

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 4.81 billion EUR. The Firm also manufactures complete engines and makes industrial gas turbines. It has 22.13 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).

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