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Analysts at ISI Group hoisted their price target on shares of Woodward (NYSE:WWD) to $56.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. ISI Group’s target price indicates a potential upside of 12.04% from the stock’s previous close.

Woodward (NYSE:WWD) opened at 49.98 on Friday. Woodward has a 52-week low of $38.00 and a 52-week high of $50.09. The stock has a 50-day moving average of $44.94 and a 200-day moving average of $43.45. The company has a market cap of $3.314 billion and a price-to-earnings ratio of 21.26.

Woodward (NYSE:WWD) last announced its earnings results on Tuesday, April 22nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.16. The company had revenue of $482.50 million for the quarter, compared to the consensus estimate of $481.86 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts predict that Woodward will post $2.24 earnings per share for the current fiscal year.

A number of other firms have also recently commented on WWD. Analysts at Maxim Group raised their price target on shares of Woodward from $50.00 to $56.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at CL King upgraded shares of Woodward from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 23rd. Finally, analysts at Zacks upgraded shares of Woodward from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 25th. They now have a $42.50 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $48.93.

Woodward, Inc is a designer, manufacturer, and service provider of energy controls and optimization solutions.

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