MTU Aero Engines (OTCMKTS:MTUAY) Stock Dropped to Strong Sell by Zacks Research

MTU Aero Engines (OTCMKTS:MTUAY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, Zacks reports.

A number of other analysts have also recently weighed in on MTUAY. Jefferies Financial Group reaffirmed a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. Citigroup raised shares of MTU Aero Engines from a “sell” rating to a “buy” rating in a research note on Thursday, September 24th. Finally, Barclays cut shares of MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

MTU Aero Engines Trading Down 2.0%

OTCMKTS:MTUAY opened at $190.68 on Wednesday. The firm has a market capitalization of $20.54 billion, a P/E ratio of 19.24 and a beta of 1.10. The business has a 50 day simple moving average of $197.84 and a 200 day simple moving average of $198.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 1.06. MTU Aero Engines has a 12-month low of $157.93 and a 12-month high of $238.57.

MTU Aero Engines (OTCMKTS:MTUAY) last issued its earnings results on Thursday, October 29th. The company reported $2.63 earnings per share for the quarter, hitting the consensus estimate of $2.63. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.78 billion. MTU Aero Engines had a return on equity of 22.52% and a net margin of 9.87%. Equities research analysts predict that MTU Aero Engines will post 10.64 EPS for the current year.

About MTU Aero Engines

MTU Aero Engines AG is a Germany-based manufacturer of aircraft engines and engine components. The company develops, produces, and supports commercial and military propulsion systems, as well as industrial gas turbines. Its activities cover the full engine life cycle, including design, engineering, manufacturing, assembly, maintenance, repair, and overhaul.

MTU supplies major engine modules, components, and complete propulsion systems for a range of aircraft. The company participates in international programs such as the Pratt & Whitney GTF family for commercial aircraft, the EJ200 engine for the Eurofighter, and the TP400-D6 engine for the Airbus A400M military transport aircraft.