Deutsche Bank Lowers Price Target on TRW Automotive Holdings Corp. (TRW)
Analysts at Deutsche Bank (NYSE: DB) decreased their price target on shares of TRW Automotive Holdings Corp. (NYSE: TRW) from $69.00 to $68.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock.
The analysts wrote, “TRW’s Q1 EPS came in at $1.62 vs. our $1.58 estimate. Approximately $0.02 of the upside vs. our estimate came from a lower than expected tax rate; equity income accounted for the remaining $0.02. EBIT was exactly on target with our $333 MM estimate, but EBITDA was quite a bit lower than we expected ($439 MM vs. our $456 MM est). We had been anticipating some degradation of incremental margins this year, but Q1 was weaker thananticipated. We are maintaining our Buy recommendation based on valuation.”
TRW has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of TRW Automotive Holdings Corp. in a research note to investors on Wednesday, February 29th. They now have a $48.00 price target on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of TRW Automotive Holdings Corp. to $57.00 in a research note to investors on Saturday, February 18th. Finally, analysts at Sterne Agee raised their price target on shares of TRW Automotive Holdings Corp. to $62.00 in a research note to investors on Friday, February 17th.
TRW Automotive Holdings Corp. traded down 2.10% on Wednesday, hitting $45.23. TRW Automotive Holdings Corp. has a 52-week low of $28.85 and a 52-week high of $60.36. The company has a market cap of $5.597 billion and a price-to-earnings ratio of 5.24.
The company last announced its quarterly results on Tuesday, May 1st. It reported $1.62 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.60 EPS by $0.02. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that TRW Automotive Holdings Corp. will post $1.19 EPS next quarter.
TRW Automotive Holdings Corp. (TRW Automotive) is a diversified supplier of automotive systems, modules and components to automotive original equipment manufacturers (OEMs) and related aftermarkets.