Royal Bank Of Canada Reaffirms Woodward Stock Rating Amid Earnings Beat

Woodward Inc (WWD), a global leader in control systems and components for aerospace and industrial markets, has had its 'outperform' rating reaffirmed by stock analysts at Royal Bank Of Canada.

The analysts set a $450.00 price target on Woodward's stock, indicating a potential upside of 6.27% from the current price of $423.46.

Other equities research analysts have also weighed in on Woodward, with Truist Financial boosting its target price to $415.00 and giving the stock a 'buy' rating.

The company's quarterly earnings data showed $2.27 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.17.