MTU Aero Engines (OTCMKTS:MTUAY) Lowered to “Hold” Rating by Berenberg Bank

Berenberg Bank downgraded shares of MTU Aero Engines (OTCMKTS:MTUAY) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

MTUAY has been the topic of a number of other reports. Citigroup restated a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday, February 25th. UBS Group lowered shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research report on Friday, April 24th. Kepler Capital Markets upgraded shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. BNP Paribas Exane initiated coverage on shares of MTU Aero Engines in a research report on Monday, April 13th. They issued an “outperform” rating on the stock. Finally, Zacks Research downgraded MTU Aero Engines from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

MTU Aero Engines Trading Down 4.2%

Shares of MTUAY stock opened at $173.15 on Monday. The firm has a market cap of $18.66 billion, a PE ratio of 16.20 and a beta of 1.02. MTU Aero Engines has a 1-year low of $164.69 and a 1-year high of $238.57. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 1.06. The company has a 50-day moving average of $187.49 and a two-hundred day moving average of $206.28.

MTU Aero Engines (OTCMKTS:MTUAY) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $2.67 earnings per share (EPS) for the quarter. MTU Aero Engines had a net margin of 11.28% and a return on equity of 24.07%. The business had revenue of $2.83 billion for the quarter. On average, analysts predict that MTU Aero Engines will post 11.47 EPS for the current year.

About MTU Aero Engines

MTU Aero Engines AG is a German aircraft engine manufacturer headquartered in Munich that develops, manufactures and services commercial and military aero engines as well as industrial gas turbines. The company’s activities span the entire engine lifecycle, from conceptual design and development through production of modules and components to aftermarket maintenance, repair and overhaul (MRO). MTU supplies parts and technical solutions for a broad range of jet engines and turbomachinery used by airlines, MRO providers and defense customers.

In addition to core engine development and manufacturing, MTU offers comprehensive aftermarket services including scheduled and unscheduled maintenance, spare parts distribution, repair technologies and fleet support programs.