MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Up – Should You Buy?

MTU Aero Engines AG (OTCMKTS:MTUAY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $170.78, but opened at $181.79. MTU Aero Engines shares last traded at $182.1595, with a volume of 2,724 shares.

Wall Street Analyst Weigh In

MTUAY has been the subject of several recent analyst reports. Citigroup reiterated a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday, February 25th. Berenberg Bank lowered shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. 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. UBS Group lowered shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. Finally, BNP Paribas Exane started coverage on shares of MTU Aero Engines in a research note on Monday, April 13th. They set an “outperform” rating on the stock. One research 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

MTU Aero Engines Stock Performance

The firm has a market capitalization of $19.53 billion, a P/E ratio of 16.96 and a beta of 1.02. The company’s 50 day moving average is $179.56 and its 200-day moving average is $202.24. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54.

MTU Aero Engines (OTCMKTS:MTUAY) last issued its earnings results on Tuesday, February 24th. The company reported $2.67 earnings per share (EPS) for the quarter. The business had revenue of $2.83 billion for the quarter. MTU Aero Engines had a net margin of 11.28% and a return on equity of 24.07%. As a group, equities analysts anticipate that MTU Aero Engines AG 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.