MTU Aero Engines (OTCMKTS:MTUAY) Upgraded at Zacks Research

MTU Aero Engines (OTCMKTS:MTUAY – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. UBS Group lowered shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. 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. BNP Paribas Exane started coverage on shares of MTU Aero Engines in a research note on Monday, April 13th. They issued an “outperform” rating on the stock. Kepler Capital Markets upgraded shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Finally, Citigroup restated a “sell” rating on shares of MTU Aero Engines in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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MTU Aero Engines Stock Performance

Shares of MTU Aero Engines stock opened at $158.39 on Thursday. The firm has a market cap of $17.06 billion, a PE ratio of 14.82 and a beta of 1.02. The firm’s 50-day simple moving average is $184.10 and its 200-day simple moving average is $204.79. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.44. MTU Aero Engines has a 1 year low of $157.93 and a 1 year high of $238.57.

MTU Aero Engines (OTCMKTS:MTUAY – Get Free Report) 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%. Equities analysts forecast 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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