MTU Aero Engines (OTCMKTS:MTUAY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of MTU Aero Engines (OTCMKTS:MTUAY) from a strong sell rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Citigroup reaffirmed a “sell” rating on shares of MTU Aero Engines in a report on Wednesday, February 25th. BNP Paribas Exane assumed coverage on MTU Aero Engines in a report on Monday, April 13th. They set an “outperform” rating for the company. Kepler Capital Markets raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. UBS Group downgraded MTU Aero Engines from a “hold” rating to a “sell” rating in a report on Friday, April 24th. Finally, Berenberg Bank downgraded MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

MTU Aero Engines Trading Down 4.9%

MTU Aero Engines stock opened at $158.39 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. MTU Aero Engines has a 52 week low of $157.93 and a 52 week high of $238.57. The company has a market capitalization of $17.06 billion, a price-to-earnings ratio of 14.82 and a beta of 1.02. The stock has a 50-day moving average price of $184.10 and a 200 day moving average price of $204.79.

MTU Aero Engines (OTCMKTS:MTUAY) last released its earnings results on Tuesday, February 24th. The company reported $2.67 EPS for the quarter. MTU Aero Engines had a return on equity of 24.07% and a net margin of 11.28%.The firm had revenue of $2.83 billion during the quarter. Sell-side analysts anticipate that MTU Aero Engines will post 11.47 EPS for the current 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.