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Investing.com - TD Cowen has raised its price target on Woodward (NASDAQ:WWD) to $290.00 from $260.00 while maintaining a Hold rating on the stock. The company’s shares, currently trading at $263.58, have shown remarkable strength with a 55.77% gain year-to-date and are trading near their 52-week high. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
The price target adjustment follows Woodward’s third-quarter earnings report, which showed a 3% sales beat while operating income remained in line with expectations. TD Cowen noted that the earnings per share beat was primarily attributed to a lower tax rate.
The firm highlighted positive demand indicators for Woodward’s Industrial segment and aerospace aftermarket business, describing the outlook as "sanguine" in these areas.
TD Cowen also mentioned that Woodward announced a new capital expenditure project, though specific details about this initiative were not provided in the analyst commentary.
The new $290 price target represents approximately 20 times TD Cowen’s fiscal 2025 estimated EV/EBITDA for Woodward, with the firm citing an "upward re-rating across aerospace stocks" as part of its rationale for the higher valuation.
In other recent news, Woodward Inc. reported impressive financial results for its third fiscal quarter of 2025. The company achieved earnings per share (EPS) of $1.76, surpassing analysts’ forecasts of $1.63, representing a positive surprise of 7.98%. Additionally, Woodward Inc. recorded revenue of $915 million, exceeding expectations of $887.06 million. These figures highlight the company’s strong performance during the quarter. The earnings announcement was followed by a slight increase in the company’s stock price. These developments indicate a positive trajectory for Woodward Inc. as it continues to outperform market projections. Investors may find these results encouraging, reflecting the company’s robust financial health.
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