MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Up – What’s Next?

MTU Aero Engines AG (OTCMKTS:MTUAY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $192.6140, but opened at $201.04. MTU Aero Engines shares last traded at $200.0150, with a volume of 1,354 shares.

Analysts Set New Price Targets

MTUAY has been the topic of a number of recent analyst reports. Berenberg Bank cut shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Citigroup reiterated a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday, February 25th. Kepler Capital Markets raised shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Zacks Research upgraded shares of MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, UBS Group cut shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

MTU Aero Engines Stock Up 5.2%

The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $178.73 and a 200-day moving average price of $198.90. The stock has a market capitalization of $21.84 billion, a P/E ratio of 18.96 and a beta of 1.03.

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.