MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Up – Should You Buy?

MTU Aero Engines AG (OTCMKTS:MTUAY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $170.78, but opened at $181.79. MTU Aero Engines shares last traded at $182.1595, with a volume of 2,724 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on MTUAY shares. BNP Paribas Exane started coverage on shares of MTU Aero Engines in a research note on Monday, April 13th. They issued an “outperform” rating on the stock. UBS Group lowered shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. Citigroup reaffirmed a “sell” rating on shares of MTU Aero Engines in a research note on Wednesday, February 25th. Zacks Research raised shares of MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Berenberg Bank lowered shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

MTU Aero Engines Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average is $179.56 and its two-hundred day moving average is $202.24. The company has a market capitalization of $19.53 billion, a P/E ratio of 16.96 and a beta of 1.02.

MTU Aero Engines (OTCMKTS:MTUAY) last released its quarterly earnings results on Tuesday, February 24th. The company reported $2.67 earnings per share for the quarter. MTU Aero Engines had a net margin of 11.28% and a return on equity of 24.07%. The company had revenue of $2.83 billion for the quarter. As a group, analysts predict that MTU Aero Engines AG will post 11.47 earnings per share for the current year.

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.