Deutsche Bank has revised its price target for Woodward (WWD, Financial) upwards to $187 from the previous $180, maintaining a Hold rating on the shares. This adjustment comes as part of the bank's outlook for the first quarter in the aerospace sector.
In its recent analysis, Deutsche Bank has identified several top picks they believe have the potential to outperform by mid-single digits or more. These include GE Aerospace (GE), Howmet Aerospace (HWM), Carpenter Technology (CRS), and Crane (CR), all of which have demonstrated strong performance in uncertain economic climates.
Additionally, the firm has expressed a favorable view of Northrop Grumman (NOC) as a strategy to counterbalance the elevated beta inherent in its top recommendations. However, the outlook is less positive for HII (HII), with a cautious stance ahead of the company's earnings release.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Woodward Inc (WWD, Financial) is $196.83 with a high estimate of $229.00 and a low estimate of $167.34. The average target implies an upside of 17.41% from the current price of $167.64. More detailed estimate data can be found on the Woodward Inc (WWD) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Woodward Inc's (WWD, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Woodward Inc (WWD, Financial) in one year is $167.54, suggesting a downside of 0.06% from the current price of $167.64. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Woodward Inc (WWD) Summary page.
