MTU Aero Engines (OTCMKTS:MTUAY) Hits New 1-Year High – Here’s Why

Shares of MTU Aero Engines AG (OTCMKTS:MTUAY) reached a new 52-week high on Tuesday . The stock traded as high as $174.92 and last traded at $174.53, with a volume of 6499 shares traded. The stock had previously closed at $171.93.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th.

MTU Aero Engines Trading Up 2.4 %

The company has a market capitalization of $19.61 billion, a price-to-earnings ratio of 25.72 and a beta of 1.44. The firm has a fifty day moving average price of $167.83 and a 200-day moving average price of $157.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.86 and a current ratio of 1.18.

MTU Aero Engines (OTCMKTS:MTUAY) last released its earnings results on Thursday, October 24th. The company reported $2.02 EPS for the quarter. MTU Aero Engines had a net margin of 10.16% and a return on equity of 23.13%. The firm had revenue of $2.08 billion for the quarter. As a group, equities analysts anticipate that MTU Aero Engines AG will post 7.39 EPS for the current year.

MTU Aero Engines Company Profile

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business).