Shares of MTU Aero Engines AG (OTCMKTS:MTUAY – Get Free Report) saw unusually-high trading volume on Friday . 212,178 shares were traded during trading, an increase of 737% from the previous session’s volume of 25,364 shares.The stock last traded at $207.6625 and had previously closed at $208.81.
Wall Street Analysts Forecast Growth
MTUAY has been the subject of a number of recent research reports. Berenberg Bank cut shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, August 13th. Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. Finally, Barclays lowered MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, MTU Aero Engines has a consensus rating of “Hold”.
View Our Latest Stock Report on MTU Aero Engines
MTU Aero Engines Trading Down 0.6%
MTU Aero Engines (OTCMKTS:MTUAY – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.01). MTU Aero Engines had a return on equity of 23.33% and a net margin of 10.43%.The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.60 billion. Research analysts predict that MTU Aero Engines AG will post 11.32 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.
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