MTU Aero Engines (OTCMKTS:MTUAY) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of MTU Aero Engines (OTCMKTS:MTUAY) from a hold rating to a strong sell rating in a research note published on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Kepler Capital Markets upgraded MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. BNP Paribas Exane began coverage on shares of MTU Aero Engines in a research note on Monday. They issued an “outperform” rating for the company. Finally, Citigroup restated a “sell” rating on shares of MTU Aero Engines in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, MTU Aero Engines currently has a consensus rating of “Hold”.

MTU Aero Engines Price Performance

Shares of OTCMKTS:MTUAY traded up $11.68 during midday trading on Wednesday, hitting $205.81. The company’s stock had a trading volume of 897 shares, compared to its average volume of 25,364. The company has a market cap of $22.17 billion, a P/E ratio of 19.22 and a beta of 1.16. MTU Aero Engines has a 12-month low of $152.93 and a 12-month high of $238.57. The business’s 50 day simple moving average is $202.96 and its 200 day simple moving average is $211.40. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.44.

MTU Aero Engines (OTCMKTS:MTUAY) last released its quarterly earnings data on Tuesday, February 24th. The company reported $2.67 EPS for the quarter. The company had revenue of $2.83 billion during the quarter. MTU Aero Engines had a net margin of 11.74% and a return on equity of 23.32%. On average, analysts forecast that MTU Aero Engines will post 8.69 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.