MTU Aero Engines (OTCMKTS:MTUAY) Sees Large Volume Increase – What’s Next?

Shares of MTU Aero Engines AG (OTCMKTS:MTUAY) saw strong trading volume on Monday . 50,080 shares traded hands during trading, an increase of 289% from the previous session’s volume of 12,871 shares.The stock last traded at $198.3750 and had previously closed at $204.46.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MTUAY. Zacks Research raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 14th. UBS Group downgraded shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Jefferies Financial Group restated a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group initiated coverage on shares of MTU Aero Engines in a research report on Friday, September 19th. They set a “hold” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

MTU Aero Engines Stock Down 2.9%

The firm has a market capitalization of $21.36 billion, a price-to-earnings ratio of 21.50 and a beta of 1.32. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.04 and a current ratio of 1.39. The business’s 50 day moving average is $216.53 and its 200-day moving average is $214.69.

MTU Aero Engines (OTCMKTS:MTUAY) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.61 EPS for the quarter. The business had revenue of $2.49 billion during the quarter. MTU Aero Engines had a net margin of 10.79% and a return on equity of 25.61%. Equities analysts anticipate that MTU Aero Engines AG will post 8.69 EPS for the current fiscal 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).