MTU Aero Engines (OTCMKTS:MTUAY) Stock Rating Lowered by Berenberg Bank

MTU Aero Engines (OTCMKTS:MTUAY – Get Free Report) was downgraded by investment analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

MTUAY has been the subject of a number of other reports. UBS Group lowered shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. BNP Paribas Exane initiated coverage on shares of MTU Aero Engines in a research note on Monday, April 13th. They issued an “outperform” rating for the company. Citigroup reiterated a “sell” rating on shares of MTU Aero Engines in a research note on Wednesday, February 25th. Kepler Capital Markets raised shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Finally, Zacks Research downgraded shares of MTU Aero Engines from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

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MTU Aero Engines Stock Down 4.2%

Shares of MTU Aero Engines stock opened at $173.15 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 1.06. The company has a 50-day moving average of $187.49 and a 200 day moving average of $206.28. The firm has a market cap of $18.66 billion, a price-to-earnings ratio of 16.20 and a beta of 1.02. MTU Aero Engines has a 1 year low of $164.69 and a 1 year high of $238.57.

MTU Aero Engines (OTCMKTS:MTUAY – Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $2.67 earnings per share (EPS) for the quarter. The company had revenue of $2.83 billion during the quarter. MTU Aero Engines had a net margin of 11.28% and a return on equity of 24.07%. As a group, sell-side analysts anticipate that MTU Aero Engines will post 11.47 earnings per share for the current fiscal year.

MTU Aero Engines Company Profile

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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.

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