TRW Automotive Holdings Corp. Upgraded to Outperform at Zacks (TRW)
TRW Automotive Holdings Corp. (NYSE:TRW) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a $86.00 target price on the stock. Zacks‘ price objective suggests a potential upside of 20.58% from the company’s current price.
Zacks‘ analyst wrote, “TRW posted 17.4% increase in earnings per share to $2.02 in the second quarter of 2013, beating the Zacks Consensus Estimate of $1.70. Revenues grew 6.5% to $4.5 billion driven by strong demand for innovative technologies and higher vehicle production volumes in North America and China. Revenues also beat the Zacks Consensus Estimate of $4.4 billion. The company expects to generate revenues of $16.8 billion to $17 billion in 2013. TRW is one of the largest and most diversified suppliers of automotive systems to OEMs and the related aftermarket. The company benefits from its investment in innovative technologies that enable it to achieve contract wins. Considering all these aspects, we are upgrading our recommendation on shares of TRW to Outperform and set a target price of $86.00.”
A number of other analysts have also recently weighed in on TRW. Analysts at RBC Capital initiated coverage on shares of TRW Automotive Holdings Corp. in a research note to investors on Thursday, October 3rd. They set an “outperform” rating and a $88.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated a “buy” rating on shares of TRW Automotive Holdings Corp. in a research note to investors on Friday, September 6th. They now have a $74.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of TRW Automotive Holdings Corp. in a research note to investors on Friday, September 6th. They now have a $90.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. TRW Automotive Holdings Corp. has an average rating of “Buy” and an average price target of $80.09.
Shares of TRW Automotive Holdings Corp. (NYSE:TRW) traded up 0.45% during mid-day trading on Wednesday, hitting $71.64. 659,520 shares of the company’s stock traded hands. TRW Automotive Holdings Corp. has a 52-week low of $43.86 and a 52-week high of $74.42. The stock has a 50-day moving average of $70.94 and a 200-day moving average of $65.2. The company has a market cap of $8.396 billion and a P/E ratio of 9.10.
TRW Automotive Holdings Corp. (NYSE:TRW) last released its earnings data on Tuesday, July 30th. The company reported $2.02 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.67 by $0.35. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the company posted $1.72 earnings per share. TRW Automotive Holdings Corp.’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that TRW Automotive Holdings Corp. will post $6.62 earnings per share for the current fiscal year.
TRW Automotive Holdings Corp. (NYSE:TRW) is a supplier of automotive systems, modules and components to global automotive original equipment manufacturers (OEMs) and related aftermarkets.
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