Bernstein keeps EUR 450 target for MTU Aero Engines stock
Published on 10/06/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
MTU Aero Engines (ISIN DE000A0D9PT0) was trading at EUR 374.15 at Lang & Schwarz on October 6, 2026 at 12:32 p.m. CEST, up 0.88 percent from the prior close of EUR 370.90. The latest analyst signal came on October 1, when finanzen.net reported that Bernstein Research maintained an Outperform rating and a EUR 450.00 price target.
Bernstein keeps the EUR 450 target
Bernstein analyst Adrien Rabier described MTU as one of the less expensive names in aerospace and defense. The analyst cited a price-earnings ratio of 14 for MTU against 16 for Airbus, while also noting that the business does not merit the multiples of 19 for Safran or 23 for Rolls-Royce.
The EUR 450.00 target is 20.29 percent above the Lang & Schwarz price of EUR 374.15, calculated on the same currency basis. That spread gives the analyst view a clear valuation anchor, but it does not remove the operational test around margins and cash generation.
Second-quarter figures beat estimates
In the second quarter of 2026, MTU generated revenue of EUR 2.44 billion versus EUR 2.22 billion consensus, a 9.91 percent comparison calculated from the figures reported by Investing.com. Earnings per share came to EUR 4.86, compared with EUR 4.82 consensus, or 0.83 percent higher.
The same report described stronger maintenance activity and stated that free cash flow rose 39.00 percent in the first half of 2026. MTU also raised its full-year free cash flow outlook, making cash conversion a key measure for the next update.
Results date sets the next test
MTU is scheduled to publish third-quarter 2026 results on October 29, 2026, according to onvista. The report will show whether the second-quarter revenue and earnings comparison is continuing into the second half of the year.
MTU develops, manufactures and services commercial and military aircraft engines, with maintenance and repair forming a central part of its business. The company says its investor materials cover propulsion systems, industrial gas turbines and its international operating network, as described on its MTU Aero Engines investor page.
MTU stock holds above EUR 370
Lang & Schwarz quoted MTU Aero Engines at EUR 374.15 on October 6, 2026 at 12:32 p.m. CEST, plus 0.88 percent versus the prior close of EUR 370.90. The next market checkpoint is the October 29, 2026 results date, with Bernstein's EUR 450.00 target providing a separate valuation reference.
The further course of trading is shown by the continuously updated real-time quote of MTU Aero Engines stock.
MTU Aero Engines at a glance
- Company: MTU Aero Engines AG
- ISIN: DE000A0D9PT0
- WKN: A0D9PT
- Ticker: MTX
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 6, 2026, 12:32 p.m. CEST): EUR 374.15
- Change versus prior close: plus 0.88 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 370.90
- Market capitalization: EUR 20.0 billion (as of October 5, 2026)
- 52-week range: EUR 265.20-404.80 (as of October 2, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Next earnings date: October 29, 2026
