MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Down on Analyst Downgrade

MTU Aero Engines AG (OTCMKTS:MTUAY)’s share price gapped down prior to trading on Monday after Berenberg Bank downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $180.79, but opened at $172.87. MTU Aero Engines shares last traded at $173.91, with a volume of 699 shares traded.

Several other research analysts have also recently weighed in on the company. UBS Group cut MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. Citigroup restated a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday, February 25th. BNP Paribas Exane started coverage on shares of MTU Aero Engines in a research report on Monday, April 13th. They set an “outperform” rating on the stock. Zacks Research downgraded shares of MTU Aero Engines from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Finally, Kepler Capital Markets raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. One research 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

MTU Aero Engines Stock Performance

The firm’s fifty day moving average price is $186.61 and its 200 day moving average price is $205.93. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 16.00 and a beta of 1.02.

MTU Aero Engines (OTCMKTS:MTUAY) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $2.67 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 during the quarter. Analysts forecast that MTU Aero Engines AG will post 11.47 EPS for the current fiscal 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.