MTU Aero Engines (OTCMKTS:MTUAY) Sets New 12-Month High – Still a Buy?

Shares of MTU Aero Engines AG (OTCMKTS:MTUAY) reached a new 52-week high during trading on Thursday . The stock traded as high as $238.57 and last traded at $237.8450, with a volume of 22962 shares. The stock had previously closed at $237.60.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MTUAY. Royal Bank Of Canada raised MTU Aero Engines to a “hold” rating in a research report on Tuesday, November 18th. Zacks Research upgraded MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, MTU Aero Engines has a consensus rating of “Moderate Buy”.

MTU Aero Engines Stock Performance

The firm has a market capitalization of $25.60 billion, a price-to-earnings ratio of 25.77 and a beta of 1.08. The firm’s 50-day moving average price is $219.83 and its two-hundred day moving average price is $217.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.04 and a current ratio of 1.39.

About MTU Aero Engines

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.