Zacks Research Upgrades MTU Aero Engines (OTCMKTS:MTUAY) to “Hold”

MTU Aero Engines (OTCMKTS:MTUAY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

A number of other research firms also recently commented on MTUAY. Citigroup reaffirmed a “sell” rating on shares of MTU Aero Engines in a research note on Wednesday, February 25th. BNP Paribas Exane began coverage on MTU Aero Engines in a research note on Monday, April 13th. They issued an “outperform” rating for the company. Berenberg Bank downgraded MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. UBS Group downgraded MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. Finally, Kepler Capital Markets raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

MTU Aero Engines Stock Down 4.9%

MTUAY stock opened at $158.39 on Thursday. The company has a market cap of $17.06 billion, a PE ratio of 14.82 and a beta of 1.02. The business has a 50-day simple moving average of $184.10 and a 200 day simple moving average of $204.79. MTU Aero Engines has a 52 week low of $157.93 and a 52 week high of $238.57. 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 posted its quarterly earnings results on Tuesday, February 24th. The company reported $2.67 EPS for the quarter. The business had revenue of $2.83 billion during the quarter. MTU Aero Engines had a return on equity of 24.07% and a net margin of 11.28%. Sell-side analysts anticipate that MTU Aero Engines will post 11.47 EPS for the current fiscal year.

MTU Aero Engines Company Profile

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.