|Bid||188.85 x 20700|
|Ask||188.95 x 3400|
|Day's Range||187.15 - 190.55|
|52 Week Range||159.40 - 221.10|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||86.01|
|Earnings Date||Oct 29, 2021|
|Forward Dividend & Yield||2.10 (1.12%)|
|Ex-Dividend Date||May 06, 2022|
|1y Target Est||220.64|
Rating Action: Moody's affirms MTU's Baa3 LT Issuer rating, outlook stableGlobal Credit Research - 17 Mar 2022Frankfurt am Main, March 17, 2022 -- Moody's Investors Service ("Moody's") has today affirmed MTU Aero Engines AG's (MTU or the company ) long-term issuer rating at Baa3. Concurrently the agency has affirmed the company's Baa3 rating of EUR500 million senior unsecured fixed rate notes due 2025. The outlook has been changed to stable from negative.RATINGS RATIONALEThe rating affirmation and change in outlook to stable reflects (i) the significant recovery in MTU's credit profile since the worst of the pandemic, (ii) the solid medium term outlook for the company supported by its focus on narrow body engines, (iii) a very limited exposure to the Russian and Ukrainian markets, (iv) a strong liquidity profile and commitment to a prudent financial policy in line with our requirements for an investment grade rating.MTU's credit profile has significantly improved since the worst of the pandemic.
MTU Aero Engines AG is exploring alternative suppliers to help it wean off raw material dependency on Russia from 2023, the German aircraft engine maker said on Wednesday, as the aviation industry rethinks supply chains amid broad sanctions on Moscow. "We cannot definitively assess the potential effects on MTU's supply chain at present due to the overall volatile situation," MTU said in an emailed statement. MTU, which works with companies such as General Electric Co and Raytheon's Pratt & Whitney to manufacture aircraft engines, procures about 10% of its titanium requirements from Russia.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of MTU Aero Engines AGGlobal Credit Research - 14 Jan 2022Frankfurt am Main, January 14, 2022 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MTU Aero Engines AG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 12 January 2022 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.