MTU Aero Engines stock trades at EUR 375.45 as targets diverge

Published on 09/29/2026 at 14:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bernstein retained a EUR 450.00 target on September 23, 2026, while UBS held EUR 320.00 on September 17. MTU reported EUR 4.7 billion in first-half revenue.

Fotorealistisches Turbofan-Triebwerk unter einem Flugzeugflügel in einer industriellen Wartungshalle; Techniker in blauer Arbeitskleidung laufen neben Gerüsten, warmes Deckenlicht spiegelt sich im polierten Triebwerksgehäuse — Fotorealistisches Turbofan-Triebwerk an Verkehrsmaschine in Wartungshalle. MTU Aero Engines AG, ISIN DE000A0D9PT0, Illustration mit AI erstellt.

MTU Aero Engines (ISIN DE000A0D9PT0) was trading at EUR 375.45 at Lang & Schwarz on September 29, 2026, at 2:04 p.m. CEST. The share price sits between sharply different analyst views, with Bernstein defending a EUR 450.00 target and UBS maintaining EUR 320.00.

Analysts set a wide corridor

According to MarketScreener on September 23, 2026, Bernstein kept MTU at Outperform with a EUR 450.00 price target. The research view points to resilient air traffic and full order books, while elevated oil prices and geopolitical risks remain counterweights.

FinanzNachrichten reported on September 17, 2026, that UBS maintained Sell with a EUR 320.00 target after an investor conference. The gap between the two targets is EUR 130.00, making the November capital markets day an important checkpoint for longer-term assumptions.

Cash flow supports the outlook

In its first-half 2026 earnings call, MTU said group revenue rose 13 percent to EUR 4.7 billion. Adjusted EBIT increased 5 percent to EUR 692.0 million, producing an adjusted EBIT margin of 14.8 percent, according to Yahoo Finance.

Free cash flow reached EUR 294.0 million in the same period, an increase of EUR 82.0 million or 39 percent. MTU also reported an order book of EUR 30.4 billion and EUR 4.9 billion in MRO contract wins, giving the analyst debate a concrete operating foundation rather than a purely valuation-driven basis.

MTU stock reaches its next checkpoint

MarketScreener lists October 28, 2026, as the Q3 2026 earnings release date. Until then, the central test is whether maintenance growth and cash conversion can offset pressure from engine recall costs, oil prices and geopolitical uncertainty.