MTU Aero Engines (ETR:MTX) Rating Reaffirmed
Equity analysts at Kepler Cheuvreux now has a EUR 98.00 target PPS on MTU Aero Engines (ETR:MTX). Kepler Cheuvreux and their recent target PPS means a potential upside of 6.84% from the company’s closing share price. The rating has been revealed in an interesting research report on 5 December.
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 5.42% above today’s (€91.85) stock price. MTU Aero Engines was the topic of 31 analyst reports since July 16, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs maintained shares on December 3 with “Neutral” rating. Bankhaus Lampe upgraded shares to “Buy” rating and €98 target share price in a report from a November 27. Societe Generale downgraded MTX stock in a recent report from November 27 to “Sell” rating. S&P Research upgraded the rating on October 28. S&P Research has a “Buy” rating and a €95 price target on shares. Finally, Commerzbank upgraded the stock to “Buy” rating in a report issued on a November 27.
The stock increased 1.11% or EUR 1.01 on December 4, striking EUR 91.85. Approximately 124,208 shares of stock traded hands. MTU Aero Engines AG (ETR:MTX) has declined 12.10% since May 4, 2015 and is downtrending. It has underperformed by 9.31% 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 4.78 billion EUR. The Firm also manufactures complete engines and makes industrial gas turbines. It has 21.98 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).