Deutsche Lufthansa (OTCMKTS:DLAKY) Sets New 12-Month High – Time to Buy?

Deutsche Lufthansa AG (OTCMKTS:DLAKY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $10.34 and last traded at $10.32, with a volume of 23315 shares traded. The stock had previously closed at $10.08.

Analysts Set New Price Targets

DLAKY has been the topic of several analyst reports. Kepler Capital Markets upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. Morgan Stanley began coverage on shares of Deutsche Lufthansa in a research note on Wednesday, October 15th. They set an “underweight” rating on the stock. JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a report on Monday, December 1st. Finally, Citigroup lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Deutsche Lufthansa presently has an average rating of “Hold”.

Deutsche Lufthansa Stock Up 2.4%

The stock’s 50 day moving average is $9.38 and its 200 day moving average is $8.97. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 1.24 and a beta of 0.86. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.05.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Deutsche Lufthansa had a return on equity of 15.73% and a net margin of 4.45%.The business had revenue of $13.06 billion for the quarter, compared to analysts’ expectations of $12.98 billion. Analysts forecast that Deutsche Lufthansa AG will post 0.87 EPS for the current year.

Hedge Funds Weigh In On Deutsche Lufthansa

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC raised its stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,270 shares of the transportation company’s stock after buying an additional 8,336 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 at the end of the most recent reporting period.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.