Jefferies analyst Chloe Lemaire has maintained their bullish stance on 0FC9 stock, giving a Buy rating on October 9.
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Chloe Lemaire has given her Buy rating due to a combination of factors that suggest strong performance potential for MTU Aero Engines. She anticipates a boost in organic growth, particularly in the spare parts segment, which is expected to result in robust margin performance for the third quarter. Despite some anticipated foreign exchange challenges that may slightly impact reported sales in the OEM segment, the overall outlook remains positive.
Furthermore, Chloe sees potential for an increase in earnings before interest and taxes (EBIT) if the original equipment mix continues to perform well in the second half of the year. Additionally, she believes that the company’s guidance on free cash flow appears conservative, especially considering the working capital and tax shield advantages, which could lead to better-than-expected financial outcomes.
In another report released on October 9, Deutsche Bank also maintained a Buy rating on the stock with a €430.00 price target.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0FC9 in relation to earlier this year.