MTU Aero Engines (ETR:MTX) Rating Reaffirmed
In an interesting research report released on Friday, 18 December, The Hold rating of MTU Aero Engines (ETR:MTX) shares was kept steady at HSBC, who now has a EUR 94.00 target price per share on the stock. HSBC’s target price per share suggests a possible upside of 2.81% from the last price of the company.
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 6.54% above today’s (€91.26) stock price. MTU Aero Engines was the topic of 33 analyst reports since July 16, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe upgraded shares on December 16 to “Buy” rating. Equinet upgraded shares to “Accumulate” rating and €90 target share price in a report from a November 27. Goldman Sachs maintained MTX stock in a recent report from December 3 with “Neutral” rating. Commerzbank upgraded the rating on November 27. Commerzbank has a “Buy” rating and a €120 price target on shares. Finally, Societe Generale downgraded the stock to “Sell” rating in a report issued on a November 27.
The stock increased 0.67% or EUR 0.61 on December 17, striking EUR 91.26. Approximately 133,495 shares of stock traded hands. MTU Aero Engines AG (ETR:MTX) has declined 29.63% since May 15, 2015 and is downtrending. It has underperformed by 27.36% the S&P500.
The overall sentiment of institutions has decreased to 0.89 in Q2 2015. Its down 0.62, from 1.51 in 2015Q2. The ratio dropped, as 46 institutions have sold all the shares of MTU Aero Engines AG that they owned while 68 funds have taken shares off the table. 24 funds have purchased shares for the first time while 77 added to their positions. These institutions now hold 30.51 million shares or 7.88% less than the 33.12 million shares they owned in 2015Q2.
The Fund Lapides Asset Management Llc currently is holding shares equating to 3.3% of its total portfolio in MTU Aero Engines AG representing a total of 398,100 shares. Another fund,Fieldpoint Private Advisors Inc, is holding a total of 44,290 shares equating to 1.47% of their holdings. Additionally, Trillium Asset Management Llc has a 298,083 share stake in MTU Aero Engines AG which represents 1.01% of their total portfolio. The Fund, Mesirow Financial Investment Management Us Value Equity, based out of Illinois, has also built up a stake in the stock, which represents a total of 0.89% of their total portfolio. Finally Royce & Associates Llc, a fund which is based in the state of New York reported a total holdings of 2.80 million shares.
Insider activity is a very important aspect to track on any stock. Going back to March 19, 2015, shareholders of MTU Aero Engines AG have witnessed 1 buy, and a total of 0 insider sales equating to a net activity of approximately $25,850 . Dunham Duane bought 500 shares worth approximately $25,850. Breunig Joseph C. bought 400 shares worth approximately $27,930.
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 4.67 billion EUR. The Firm also manufactures complete engines and makes industrial gas turbines. It has 21.84 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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