Deutsche Lufthansa AG (DLAKY) Receives $19.00 Average PT from Brokerages
Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) have received a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $19.00.
DLAKY has been the subject of several recent research reports. Morgan Stanley raised shares of Deutsche Lufthansa AG from an “underweight” rating to an “equal weight” rating in a report on Tuesday, August 29th. Sanford C. Bernstein raised shares of Deutsche Lufthansa AG from an “underperform” rating to a “market perform” rating in a report on Friday, September 1st. ValuEngine raised shares of Deutsche Lufthansa AG from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 31st. HSBC Holdings plc raised shares of Deutsche Lufthansa AG from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Credit Suisse Group raised shares of Deutsche Lufthansa AG from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 13th.
Shares of Deutsche Lufthansa AG (DLAKY) traded down 0.36% during midday trading on Wednesday, hitting $27.31. 18,203 shares of the stock were exchanged. Deutsche Lufthansa AG has a 12 month low of $10.35 and a 12 month high of $27.56.
A hedge fund recently raised its stake in Deutsche Lufthansa AG stock. Parametric Portfolio Associates LLC grew its stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 290,265 shares of the transportation company’s stock after purchasing an additional 5,194 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.06% of Deutsche Lufthansa AG worth $6,621,000 as of its most recent SEC filing. 0.16% of the stock is owned by hedge funds and other institutional investors.
About Deutsche Lufthansa AG
Deutsche Lufthansa AG is an aviation company. The Company’s segments include; Logistics; maintenance, repair and overhaul services (MRO), Catering and Other. Its Passenger Airline Group segment includes the airlines Lufthansa Passenger Airlines, SWISS, Austrian Airlines and Eurowings. Lufthansa Cargo is the logistics services provider in the Lufthansa Group.
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