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

MTU Aero Engines AG (OTCMKTS:MTUAY – Get Free Report) shares 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 trading hands.

Several other brokerages have also recently issued reports on MTUAY. BNP Paribas Exane started coverage on MTU Aero Engines in a research note on Monday, April 13th. They set an “outperform” rating on the stock. 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. UBS Group cut shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a report on Friday, April 24th. Citigroup reissued a “sell” rating on shares of MTU Aero Engines in a report on Wednesday, February 25th. Finally, Zacks Research cut shares of MTU Aero Engines from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

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MTU Aero Engines Stock Performance

The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 16.00 and a beta of 1.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.44. The company’s 50 day simple moving average is $186.61 and its 200 day simple moving average is $205.93.

MTU Aero Engines (OTCMKTS:MTUAY – Get Free Report) last released its earnings results 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 firm had revenue of $2.83 billion for the quarter. On average, equities research analysts anticipate that MTU Aero Engines AG will post 11.47 earnings per share for the current year.

About MTU Aero Engines

(Get Free Report)

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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